SEGMENT INFORMATION (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
Dec. 31, 2016 |
|
Segment Reporting Information [Line Items] | |||||
Net sales | $ 54,595,924 | $ 34,297,231 | $ 148,310,548 | $ 105,515,911 | |
Unallocated straight line lease cost | 304,898 | 0 | |||
Acquisition related costs | 37,402 | 1,034 | 782,397 | 76,091 | |
Operating (loss) income | (1,705,005) | (3,766,617) | 960,840 | (6,352,465) | |
Gain (loss) on sale-leaseback | (2,279) | (2,294,917) | |||
Interest expense | 279,598 | 272,987 | 715,131 | 822,426 | |
Change in fair value of interest rate swaps | (8,497) | (115,328) | (33,000) | 276,512 | |
Earn-out adjustment | 62,804 | 0 | 145,200 | 0 | |
Other income, net | (316,158) | 0 | (316,158) | 0 | |
(Loss) income from continuing operations before income taxes | (1,722,752) | (3,924,276) | 449,667 | (7,451,403) | |
Assets | 162,433,665 | 162,433,665 | $ 138,638,063 | ||
Goodwill | 6,003,525 | 6,003,525 | 1,354,730 | ||
Operating segment | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 54,595,924 | 34,297,231 | 148,310,548 | 105,515,911 | |
Operating segment | Metals Segment | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 43,022,833 | 22,290,752 | 111,821,115 | 68,331,389 | |
Operating (loss) income | (1,323,801) | (1,013,669) | 2,479,963 | (3,434,725) | |
Gain (loss) on sale-leaseback | 59,901 | (2,226,037) | 179,703 | (2,226,037) | |
Operating income (loss) plus gain (loss) sale-leaseback | (1,263,900) | (3,239,706) | 2,659,666 | (5,660,762) | |
Assets | 130,500,181 | 130,500,181 | 109,689,477 | ||
Goodwill | 4,648,795 | 4,648,795 | 0 | ||
Operating segment | Specialty Chemicals Segment | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 11,573,091 | 12,006,479 | 36,489,433 | 37,184,522 | |
Operating (loss) income | 1,126,994 | 1,417,116 | 3,725,030 | 3,949,453 | |
Gain (loss) on sale-leaseback | 23,667 | (229,309) | 71,002 | (229,309) | |
Operating income (loss) plus gain (loss) sale-leaseback | 1,150,661 | 1,187,807 | 3,796,032 | 3,720,144 | |
Assets | 25,957,147 | 25,957,147 | 22,907,672 | ||
Goodwill | 1,354,730 | 1,354,730 | 1,354,730 | ||
Segment reconciling items | |||||
Segment Reporting Information [Line Items] | |||||
Unallocated straight line lease cost | 101,633 | 0 | 304,898 | 0 | |
Acquisition related costs | 37,402 | 1,034 | 782,397 | 76,091 | |
Interest expense | 279,598 | 272,987 | 715,131 | 822,426 | |
Change in fair value of interest rate swaps | (8,497) | (115,328) | (33,000) | 276,512 | |
Earn-out adjustment | 62,804 | 0 | 145,200 | 0 | |
Other income, net | (316,158) | 0 | (316,158) | 0 | |
Corporate | |||||
Segment Reporting Information [Line Items] | |||||
Unallocated corporate expenses | 1,452,731 | $ 1,713,684 | 4,407,563 | $ 4,335,756 | |
Assets | $ 5,976,337 | $ 5,976,337 | $ 6,040,914 |