Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table summarizes certain information regarding segments of the Company's operations:
 
Three Months Ended
 
Mar 31, 2019
 
Mar 31, 2018
Net sales
 
 
 
Metals Segment
$
71,103,079

 
$
45,492,247

Specialty Chemicals Segment
13,700,753

 
12,988,355

 
$
84,803,832

 
$
58,480,602

Operating income (loss)
 
 
 
Metals Segment
$
1,436,642

 
$
6,016,531

Specialty Chemicals Segment
614,214

 
863,489

 
 
 
 
Unallocated corporate expenses
2,308,423

 
1,502,721

Acquisition related costs
281,854

 
—

Earn-out adjustments
16,523

 
154,060

Operating (loss) income
(555,944
)
 
5,223,239

Interest expense
1,023,941

 
313,984

Change in fair value of interest rate swaps
47,561

 
(73,204
)
Other (income) loss, net
(294,667
)
 
88,296

(Loss) income before income taxes
$
(1,332,779
)
 
$
4,894,163

 
 
 
 
 
As of
 
Mar 31, 2019
 
Dec 31, 2018
Identifiable assets
 
 
 
Metals Segment
$
216,759,542

 
$
192,195,733

Specialty Chemicals Segment
27,801,913

 
28,174,675

Corporate (1)
43,035,888

 
8,028,438

 
$
287,597,343

 
$
228,398,846

Goodwill
 
 
 
Metals Segment
$
15,488,796

 
$
8,445,262

Specialty Chemicals Segment
1,354,730

 
1,354,730

 
$
16,843,526

 
$
9,799,992


(1) As of March 31, 2019, this amount included $36,759,065 in right-of-use assets that were recorded with the adoption of ASC 842 ("Leases"). Refer to Note 12 for additional information.