v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net revenues $ 15,797,000 $ 30,172,000 $ 55,075,000 $ 77,079,000
Cost of goods sold 13,573,000 25,422,000 49,529,000 64,379,000
Gross profit 2,224,000 4,750,000 5,546,000 12,700,000
Selling, general and administrative expenses 3,348,000 3,308,000 9,550,000 8,935,000
Research and development 243,000 157,000 538,000 598,000
Loss on disposal of property and equipment 1,000 1,000 27,000
(Loss) income from operations (1,368,000) 1,285,000 (4,543,000) 3,140,000
Other income (expense):        
Interest income 2,000 28,000 23,000 112,000
Interest expense (77,000) (87,000) (209,000) (306,000)
Interest expense-financing fees (11,000) (58,000) (28,000) (187,000)
Other (1,000) 180,000 189,000
Gain (loss) on extinguishment of debt 5,381,000 (27,000)
(Loss) income from continuing operations before taxes (1,455,000) 1,348,000 624,000 2,921,000
Income tax benefit (2,836,000) [1] (133,000) (2,840,000) [1] (128,000)
Income from continuing operations, net of taxes 1,381,000 1,481,000 3,464,000 3,049,000
Loss from discontinued operations, net of taxes (Note 10) (43,000) (67,000) (285,000) (266,000)
Net income 1,338,000 1,414,000 3,179,000 2,783,000
Net loss attributable to non-controlling interest (64,000) (32,000) (123,000) (87,000)
Net income attributable to Perma-Fix Environmental Services, Inc. common stockholders $ 1,402,000 $ 1,446,000 $ 3,302,000 $ 2,870,000
Net income (loss) per common share attributable to Perma-Fix Environmental Services, Inc. stockholders - basic:        
Continuing operations $ 0.12 $ 0.13 $ 0.29 $ 0.26
Discontinued operations (0.01) (0.01) (0.02) (0.02)
Net income per common share 0.11 0.12 0.27 0.24
Net income (loss) per common share attributable to Perma-Fix Environmental Services, Inc. stockholders - diluted:        
Continuing operations 0.12 0.13 0.29 0.25
Discontinued operations (0.01) (0.01) (0.02) (0.02)
Net income per common share $ 0.11 $ 0.12 $ 0.27 $ 0.23
Number of common shares used in computing net income (loss) per share:        
Basic 12,198 12,145 12,181 12,134
Diluted 12,406 12,371 12,416 12,337
[1] Includes tax benefit recorded in amount of approximately $2,351,000 resulting from release of valuation allowance on the Company’s deferred tax assets (see “Note 12 – Income Taxes” below a discussion of this tax benefit).

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