v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net revenues $ 18,472,000 $ 15,797,000 $ 53,842,000 $ 55,075,000
Cost of goods sold 15,402,000 13,573,000 46,252,000 49,529,000
Gross profit 3,070,000 2,224,000 7,590,000 5,546,000
Selling, general and administrative expenses 3,929,000 3,348,000 11,035,000 9,550,000
Research and development 69,000 243,000 245,000 538,000
Loss on disposal of property and equipment 1,000 1,000 1,000
Loss from operations (928,000) (1,368,000) (3,691,000) (4,543,000)
Other income (expense):        
Interest income 29,000 2,000 69,000 23,000
Interest expense (47,000) (77,000) (123,000) (209,000)
Interest expense-financing fees (16,000) (11,000) (44,000) (28,000)
Other (Note 13) 1,965,000 (1,000) 1,960,000
Gain on extinguishment of debt 5,381,000
Income (loss) from continuing operations before taxes 1,003,000 [1] (1,455,000) (1,829,000) [1] 624,000
Income tax expense (benefit) 179,000 (2,836,000) [2] (147,000) (2,840,000) [2]
Income (loss) from continuing operations, net of taxes 824,000 1,381,000 (1,682,000) 3,464,000
Loss from discontinued operations, net of taxes (Note 10) (160,000) (43,000) (442,000) (285,000)
Net income (loss) 664,000 1,338,000 (2,124,000) 3,179,000
Net loss attributable to non-controlling interest (64,000) (123,000)
Net income (loss) attributable to Perma-Fix Environmental Services, Inc. common stockholders $ 664,000 $ 1,402,000 $ (2,124,000) $ 3,302,000
Net income (loss) per common share attributable to Perma-Fix Environmental Services, Inc. stockholders - basic:        
Continuing operations $ 0.06 $ 0.12 $ (0.13) $ 0.29
Discontinued operations (0.01) (0.01) (0.03) (0.02)
Net income (loss) per common share 0.05 0.11 (0.16) 0.27
Net income (loss) per common share attributable to Perma-Fix Environmental Services, Inc. stockholders - diluted:        
Continuing operations 0.06 0.12 (0.13) 0.29
Discontinued operations (0.01) (0.01) (0.03) (0.02)
Net income (loss) per common share $ 0.05 $ 0.11 $ (0.16) $ 0.27
Number of common shares used in computing net income (loss) per share:        
Basic 13,297 12,198 13,265 12,181
Diluted 13,447 12,406 13,265 12,416
[1] Includes approximately $1,975,000 recorded as other income under the Employee Retention Credit program under the CARES Act, as amended (see “Note 13 – Employee Retention Credit (“ERC”) below for a discussion of this expected refund amount).
[2] Includes tax benefit recorded in amount of approximately $2,351,000 resulting from release of valuation allowance on the Company’s deferred tax assets.

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