U.S. Well Services (USWS) 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Registrant Name	U.S. WELL SERVICES, INC.
Entity Central Index Key	0001670349
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-38025
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-1847117
Entity Address, Address Line One	1360 Post Oak Boulevard
Entity Address, Address Line Two	Suite 1800
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	832
Local Phone Number	562-3730
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		90,068,356
Title of each class	CLASS A COMMON SHARES $0.0001, par value
Trading Symbol	USWS
Name of each exchange on which registered	NASDAQ
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Warrants [Member]
Document Information [Line Items]
Title of each class	WARRANTS
Trading Symbol	USWSW
Name of each exchange on which registered	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 17,726	$ 3,693
Restricted cash	519	1,569
Accounts receivable (net of allowance for doubtful accounts of $0 and $12,000 as of March 31, 2021 and December 31, 2020, respectively)	61,756	44,393
Inventory, net	8,077	7,965
Prepaids and other current assets	14,048	10,707
Total current assets	102,126	68,327
Property and equipment, net	233,502	235,332
Intangible assets, net	13,225	13,466
Goodwill	4,971	4,971
Deferred financing costs, net	781	1,127
TOTAL ASSETS	354,605	323,223
CURRENT LIABILITIES:
Accounts payable	45,113	36,362
Accrued expenses and other current liabilities	11,989	14,781
Notes payable	9,123	998
Current portion of long-term equipment financing	3,564	3,519
Current portion of capital lease obligation	218	54
Current portion of long-term debt	10,000	10,000
Total current liabilities	80,007	65,714
Warrant liabilities	8,775	1,619
Long-term equipment financing	8,438	9,347
Long-term capital lease obligation	661
Long-term debt	293,503	274,555
Other long-term liabilities	3,617	3,539
TOTAL LIABILITIES	395,001	354,774
Commitments and contingencies (NOTE 16)
STOCKHOLDERS' DEFICIT
Additional paid in capital	226,740	217,212
Accumulated deficit	(342,997)	(322,431)
Total Stockholders' Deficit	(116,248)	(105,212)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT	354,605	323,223
Series A Convertible Redeemable Preferred Stock [Member]
MEZZANINE EQUITY
Redeemable Convertible Preferred Stock	53,252	50,975
Series B Convertible Redeemable Preferred Stock [Member]
MEZZANINE EQUITY
Redeemable Convertible Preferred Stock	22,600	22,686
Common Class A [Member]
STOCKHOLDERS' DEFICIT
Common stock	$ 9	$ 7

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Allowance for doubtful accounts	$ 0	$ 12,000
Series A Convertible Redeemable Preferred Stock [Member]
Mezzanine Equity, par value	$ 0.0001	$ 0.0001
Mezzanine Equity, authorized	55,000	55,000
Mezzanine Equity, issued	50,000	50,000
Mezzanine Equity, outstanding	50,000	50,000
Mezzanine Equity, liquidation preference	$ 62,230	$ 60,418
Common Class A [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	400,000,000	400,000,000
Common stock, issued	90,068,356	72,515,342
Common stock, outstanding	90,068,356	72,515,342
Common Class B [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	20,000,000	20,000,000
Common stock, issued	0	2,302,936
Common stock, outstanding	0	2,302,936
Series B Convertible Redeemable Preferred Stock [Member]
Mezzanine Equity, par value	$ 0.0001	$ 0.0001
Mezzanine Equity, authorized	22,050	22,050
Mezzanine Equity, issued	21,288	22,050
Mezzanine Equity, outstanding	21,288	22,050
Mezzanine Equity, liquidation preference	$ 24,013	$ 24,100

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue	$ 76,258	$ 112,035
Costs and expenses:
Depreciation and amortization	11,106	32,008
Selling, general and administrative expenses	7,390	19,058
Impairment of long-lived assets		147,543
Loss on disposal of assets	2,436	4,244
Loss from operations	(7,305)	(175,971)
Interest expense, net	(6,183)	(7,956)
Change in fair value of warrant liabilities	(7,151)	6,553
Other income	29	6
Loss before income taxes	(20,610)	(177,368)
Income tax benefit		(750)
Net loss	(20,610)	(176,618)
Net loss attributable to noncontrolling interest	(44)	(10,800)
Net loss attributable to U.S. Well Services, Inc.	(20,566)	(165,818)
Deemed and imputed dividends on Series A preferred stock	(464)	(6,972)
Deemed dividends on Series B preferred stock	(4,168)
Net loss attributable to U.S. Well Services, Inc. common stockholders	$ (27,722)	$ (174,541)
Loss per common share (See Note 13):
Basic and diluted	$ (0.35)	$ (2.90)
Weighted average common shares outstanding:
Basic and diluted	78,977,100	58,619,600
Series A Convertible Redeemable Preferred Stock [Member]
Costs and expenses:
Dividends accrued on preferred stock	$ (1,813)	$ (1,751)
Deemed and imputed dividends on Series A preferred stock	(464)	(6,972)
Series B Convertible Redeemable Preferred Stock [Member]
Costs and expenses:
Dividends accrued on preferred stock	(711)
Deemed and imputed dividends on Series A preferred stock	(4,168)
Service [Member]
Costs and expenses:
Cost of services (excluding depreciation and amortization)	$ 62,631	$ 85,153

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (20,610)	$ (176,618)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	11,106	32,008
Change in fair value of warrant liabilities	7,151	(6,553)
Impairment of long-lived assets		147,543
Provision for losses on accounts receivable	9	9,031
Provision for losses on inventory obsolescence	106	37
Loss on disposal of assets	2,436	4,244
Amortization of discount on debt	1,188	221
Deferred financing costs amortization	270	359
Share-based compensation expense	1,648	2,078
Changes in assets and liabilities:
Accounts receivable	(17,373)	(19,342)
Inventory	(218)	(603)
Prepaids and other current assets	(7,973)	945
Accounts payable	10,424	15,825
Accrued liabilities	(3,159)	(2,702)
Accrued interest	3,979	(18,032)
Net cash used in operating activities	(11,016)	(11,559)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(14,218)	(35,017)
Proceeds from sale of property and equipment and insurance proceeds from damaged property and equipment	6,393	14,907
Net cash used in investing activities	(7,825)	(20,110)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility	21,174	9,476
Repayment of revolving credit facility	(9,000)	(2,381)
Proceeds from issuance of long-term debt	3,004
Repayments of long-term debt	(1,250)	(2,500)
Proceeds from issuance of note payable	9,139
Repayments of notes payable	(1,014)	(2,042)
Repayments of amounts under equipment financing	(864)	(1,308)
Principal payments under capital lease obligation	(34)	(1,393)
Proceeds from issuance of common stock, net	10,669
Net cash provided by (used in) financing activities	31,824	(148)
Net increase (decrease) in cash and cash equivalents and restricted cash	12,983	(31,817)
Cash and cash equivalents and restricted cash, beginning of period	5,262	41,404
Cash and cash equivalents and restricted cash, end of period	18,245	9,587
Supplemental cash flow disclosure:
Interest paid	578	25,121
Non-cash investing and financing activities:
Conversion of Series B preferred stock to Class A common stock	797
Deemed and imputed dividends on Series A preferred stock	464	6,972
Changes in accrued and unpaid capital expenditures	2,744	11,039
Assets under capital lease obligations	684
Series A Convertible Redeemable Preferred Stock [Member]
Non-cash investing and financing activities:
Deemed and imputed dividends on Series A preferred stock	464	6,972
Dividends accrued on preferred stock	1,813	$ 1,751
Series B Convertible Redeemable Preferred Stock [Member]
Non-cash investing and financing activities:
Deemed and imputed dividends on Series A preferred stock	4,168
Dividends accrued on preferred stock	$ 711

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Total	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Noncontrolling Interests [Member]	Common Class A [Member]	Common Class B [Member]
Balance at Dec. 31, 2019	$ 142,930	$ 225,382	$ (93,091)	$ 10,633	$ 5	$ 1
Balance (in shares) at Dec. 31, 2019					62,857,624	5,500,692
Share-based compensation	2,078	1,911		167
Tax withholding related to vesting of share-based compensation	(70)	(70)
Tax withholding related to vesting of share-based compensation (in shares)					(154,253)
Restricted stock forfeitures (in shares)					(347,714)
Deemed and imputed dividends on Series A preferred stock	(6,972)	(6,972)
Accrued Series A preferred stock dividends	(1,751)	(1,751)
Net loss	(176,618)		(165,818)	(10,800)
Balance at Mar. 31, 2020	(40,403)	218,500	(258,909)		$ 5	$ 1
Balance (in shares) at Mar. 31, 2020					62,355,657	5,500,692
Balance at Dec. 31, 2020	(105,212)	217,212	(322,431)		$ 7
Balance (in shares) at Dec. 31, 2020					72,515,342	2,302,936
Class A common stock issuance	10,351	10,350			$ 1
Class A common stock issuance (in shares)					12,624,657
Conversion of Class B common stock to Class A common stock (in shares)					2,302,936	(2,302,936)
Conversion of Series B preferred stock to Class A common stock	798	797			$ 1
Conversion of Series B preferred stock to Class A common stock (in shares)					2,745,778
Share-based compensation	1,563	1,519		44
Tax withholding related to vesting of share-based compensation	(150)	(150)
Tax withholding related to vesting of share-based compensation (in shares)					(103,697)
Restricted stock forfeitures (in shares)					(16,660)
Deemed and imputed dividends on Series A preferred stock	(464)	(464)
Accrued Series A preferred stock dividends	(1,813)	(1,813)
Accrued Series B preferred stock dividends	(711)	(711)
Net loss	(20,610)		(20,566)	$ (44)
Balance at Mar. 31, 2021	$ (116,248)	$ 226,740	$ (342,997)		$ 9
Balance (in shares) at Mar. 31, 2021					90,068,356	0

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	NOTE 1 – DESCRIPTION OF BUSINESS U.S. Well Services, Inc. (the “Company,” “we,” “us” or “our”), f/k/a Matlin & Partners Acquisition Corp (“MPAC”), is a Houston, Texas-based technology-focused oilfield service company focused on hydraulic fracturing for oil and natural gas exploration and production (“E&P”) companies in the United States. The process of hydraulic fracturing involves pumping a pressurized stream of fracturing fluid—typically a mixture of water, chemicals, and proppant—into a well casing or tubing to cause the underground mineral formation to fracture or crack. Fractures release trapped hydrocarbon particles and provide a conductive channel for the oil or natural gas to flow freely to the wellbore for collection. The propping agent or proppant becomes lodged in the cracks created by the hydraulic fracturing process, “propping” them open to facilitate the flow of hydrocarbons from the reservoir to the well. The Company’s fleets consist of mobile hydraulic fracturing units and other auxiliary heavy equipment to perform fracturing services. The Company has two designs for hydraulic fracturing units: (1) Conventional Fleets, which are powered by diesel fuel and utilize traditional internal combustion engines, transmissions, and radiators and (2) Clean Fleet ®

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared using generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and the instructions to Form 10-Q and Regulation S-X. Accordingly, these financial statements do not include all information or notes required by GAAP for annual financial statements and should be read in conjunction with the annual financial statements included in the Amendment No. 1 to Annual Report on Form 10-K/A for the year ended December 31, 2020 (the “Amended Annual Report”), filed with the Securities and Exchange Commission (“SEC”) on May 17, 2021. The accompanying unaudited condensed consolidated financial statements and accompanying notes present the consolidated financial position, results of operations, cash flows, and stockholders’ deficit of the Company as of March 31, 2021 and December 31, 2020, and for the three months ended March 31, 2021 and 2020. The interim data includes all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods. The results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results of operations expected for the entire fiscal year ended December 31, 2021. Restatement of Previously Issued Financial Statements On April 12, 2021, the Staff of the SEC (the “SEC Staff”) issued a public statement entitled “Staff Statement on Accounting and Reporting Considerations for Warrants issued by Special Purpose Acquisition Companies (“SPACs”)” (the “SEC Staff Statement”). In the SEC Staff Statement, the SEC Staff expressed its view that certain terms and conditions common to SPAC warrants may require the warrants to be classified as liabilities of the entity measured at fair value, with changes in fair value each reporting period in earnings as opposed to being treated as equity. As a result of the SEC Staff Statement and in light of evolving views as to certain provisions commonly included in warrants issued by SPACs, we re-evaluated the accounting for our warrants (as described in “Note 8 – Warrant Liabilities” and “Note 11 – Mezzanine Equity”) under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity December 31, 2020 and 2019 . Accordingly, this Quarterly Report on Form 10–Q contains our restated consolidated financial statements and related disclosures as of December 31, 2020 and for the three month s ended March 31, 2020. Please see “Explanatory Note” and Note 2 to the Notes to the Consolidated Financial Statements included in Part II, Item 8 of the Amended Annual Report for additional information about the restatement. Principles of Consolidation The condensed consolidated financial statements comprise the financial statements of the Company and its wholly owned subsidiaries. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the Company. All significant intercompany balances and transactions are eliminated upon consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Significant estimates included in these financial statements primarily relate to allowance for doubtful accounts, allowance for inventory obsolescence, estimated useful lives and valuation of property and equipment and intangible assets, impairment assessments of goodwill and long-lived assets, Level 2 inputs used in fair value estimation of warrant liabilities, term loans, and the assumptions used in our Black-Scholes and Monte Carlo option pricing models associated with the valuation of warrant liabilities, share-based compensation and certain equity instruments. Actual results could differ from those estimates. Restricted Cash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements, or are reserved for a specific purpose, and not readily available for immediate or general use are recorded in restricted cash in our condensed consolidated balance sheets. The restricted cash in our condensed consolidated balance sheet represents cash transferred into a trust account to support our workers’ compensation obligations and cash held for use in approved capital expenditures amounting to $513 and $6, respectively, as of March 31, 2021, and $513 and $1,056, respectively, as of December 31, 2020. The following table provides a reconciliation of the amount of cash and cash equivalents reported on the condensed consolidated balance sheets to the total of cash and cash equivalents and restricted cash shown on the condensed consolidated statements of cash flows (in thousands) March 31, 2021 December 31, 2020 Cash and cash equivalents $ 17,726 $ 3,693 Restricted cash 519 1,569 Cash and cash equivalents and restricted cash $ 18,245 $ 5,262 Inventory Inventory consists of proppant, chemicals, and other consumable materials and supplies used in our high-pressure hydraulic fracturing operations. Inventories are stated at the lower of cost or net realizable value. Cost is determined principally on a first-in-first-out cost basis. All inventories are purchased for use by the Company in the delivery of its services with no inventory being sold separately to outside parties. Inventory quantities on hand are reviewed regularly and write-downs for obsolete inventory are recorded based on our forecast of the inventory item demand in the near future. As of March 31, 2021 and December 31, 2020, the Company had established inventory reserves of $0.4 million and $0.3 million, respectively, for obsolete and slow-moving inventory. Property and Equipment Property and equipment are carried at cost, with depreciation provided on a straight-line basis over their estimated useful lives. Expenditures for renewals and betterments that extend the lives of the assets are capitalized. Amounts spent for maintenance and repairs, which do not improve or extend the life of the related asset, are charged to expense as incurred. The Company separately identifies and accounts for certain critical components of its hydraulic fracturing units including the engine, transmission, and pump, which requires us to separately estimate the useful lives of these components. For our other service equipment, we do not separately identify and track depreciation of specific original components. When we replace components of these assets, we typically estimate the net book values of the components that are retired, which are based primarily upon their replacement costs, their ages and their original estimated useful lives. In the first quarter of 2020, our review of impairment of long-lived assets necessitated a review of the useful lives of our property and equipment. Current trends in hydraulic fracturing equipment operating conditions, such as increasing treating pressures and higher pumping rates, along with the increase in daily pumping time are shortening the useful life of certain critical components we use. We determined that the average useful life of fluid ends and fuel injectors is now less than one year, resulting in our determination that costs associated with the replacement of these components will no longer be capitalized, but instead expensed as they are used in operations. This change in accounting estimate was made effective in March 2020 and accounted for prospectively. Goodwill Goodwill is not amortized, but is reviewed for impairment annually, or more frequently when events or changes in circumstances indicate that the carrying value may not be recoverable. Judgements regarding indicators of potential impairment are based on market conditions and operational performance of the business. As of December 31 of each year, or as required, the Company performs an impairment analysis of goodwill. The Company may assess its goodwill for impairment initially using a qualitative approach to determine whether conditions exist that indicate it is more likely than not that a reporting unit’s carrying value is greater than its fair value, and if such conditions are identified, then a quantitative analysis will be performed to determine if there is any impairment. The Company may also elect to perform a single step quantitative analysis in which the carrying amount of the reporting unit is compared to its fair value, which the Company estimates using a guideline public company method, a form of the market approach. The guideline public company method utilizes the trading multiples of similarly traded public companies as they relate to the Company’s operating metrics. An impairment charge would be recognized for the amount by which the carrying amount of the reporting unit exceeds the reporting unit’s fair value, and only limited to the total amount of goodwill allocated to the reporting unit. Warrant Liabilities The Company evaluates all its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to Accounting Standards Codification (“ ASC”) 480, Distinguishing Liabilities from Equity and ASC 815-15, Derivatives and Hedging—Embedded Derivatives Derivatives and Hedging—Contracts in Entity’s Own Equity The Company issued public warrants and private placement warrants (collectively, the “public and private placement warrants”) in connection with its initial public offering in November 2018. Additionally, the Company issued warrants to certain institutional investors in connection with the Company’s private placement of Series A Preferred Stock on May 24, 2019 (“Series A warrants,” and together with the public and private placement warrants, the “warrants”). All our outstanding warrants are recognized as liabilities. Accordingly, we recognize the warrant instruments as liabilities at fair value upon issuance and adjust the instruments to fair value at the end of each reporting period. Any change in fair value is recognized in our condensed consolidated statements of operations. The public warrants are valued using their quoted market price since they are publicly traded and thus had an observable market price. The private placement warrants are valued using a Monte Carlo simulation model. The Series A warrants are valued using the Black-Scholes option pricing model. Fair Value of Financial Instruments Fair value is defined under ASC 820, Fair Value Measurement Level 1–inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2–inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3–inputs are unobservable for the asset or liability. The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of March 31, 2021 and December 31, 2020: Senior Secured Term Loan . The fair value of the Senior Secured Term Loan is $196.9 million and $198.0 million as of March 31, 2021 and December 31, 2020, respectively. Equipment financing . The carrying value of the equipment financing approximates fair value as its terms are consistent with and comparable to current market rates as of March 31, 2021 and December 31, 2020, respectively. See “Note 8 – Warrant Liabilities” for fair value measurements associated with the Company’s warrants. Revenue Recognition The Company recognizes revenue based on the customer’s ability to benefit from the services rendered in an amount that reflects the consideration expected to be received in exchange for those services. The Company’s performance obligations are satisfied over time, typically measured by the number of stages completed or the number of pumping days a fleet is available to pump for a customer in a month. All revenue is recognized when a contract with a customer exists, collectability of amounts subject to invoice is probable, the performance obligations under the contract have been satisfied over time, and the amount to which the Company has the right to invoice has been determined. A portion of the Company’s contracts contain variable consideration; however, this variable consideration is typically unknown at the time of contract inception, and is not known until the job is complete, at which time the variability is resolved. The Company has elected to use the “as invoiced” practical expedient to recognize revenue based upon the amount it has a right to invoice upon the completion of each performance obligation per the terms of the contract. Accounts Receivable Accounts receivable are recorded at their outstanding balances adjusted for an allowance for doubtful accounts. The allowance for doubtful accounts is determined by analyzing the payment history and credit worthiness of each customer. Receivable balances are charged off when they are considered uncollectible by management. Recoveries of receivables previously charged off are recorded as income when received. During the three months ended March 31, 2021, the Company wrote-off accounts receivable amounting to $12.0 million, which was previously reserved for in full as of December 31, 2020. See “Note 17 – Subsequent Events” for more information. Major Customer and Concentration of Credit Risk The concentration of our customers in the oil and natural gas industry may impact our overall exposure to credit risk, either positively or negatively, in that customers may be similarly affected by changes in economic and industry conditions. We perform ongoing credit evaluations of our customers and do not generally require collateral in support of our trade receivables. The following table shows the percentage of revenues from our significant customers: Three Months Ended March 31, 2021 2020 Customer A * 23.6% Customer B 13.0% 13.9% Customer C 12.6% 13.8% Customer D * 12.7% Customer E 16.6% * Customer F 20.3% * Customer H 18.5% * An asterisk indicates that revenue is less than ten percent. The following table shows the percentage of trade receivables from our significant customers: March 31, 2021 December 31, 2020 Customer B 10.7% 32.2% Customer C * 17.0% Customer E 20.9% * Customer F 15.8% 12.7% Customer G * 12.5% Customer H 21.0% 13.5% An asterisk indicates that trade receivable is less than ten percent Income Taxes The Company under ASC 740, Accounting for Income Taxes ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at March 31, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Accounting Standards

Accounting Standards	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Accounting Standards	NOTE 3 – ACCOUNTING STANDARDS Except as discussed below, there have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended March 31, 2021, as compared to the recent accounting pronouncements described in the Amended Annual Report, that are of significance, or potential significance to the Company. In August 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract, 2021, and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

Prepaids and Other Current Asse

Prepaids and Other Current Assets	3 Months Ended
	Mar. 31, 2021
Prepaid Expense And Other Assets Current [Abstract]
PREPAIDS AND OTHER CURRENT ASSETS	NOTE 4 – PREPAIDS AND OTHER CURRENT ASSETS Prepaids and other current assets consisted of the following (in thousands) March 31, 2021 December 31, 2020 Prepaid insurance $ 10,945 $ 3,162 Recoverable costs from insurance - 4,635 Income tax receivable 1,567 1,567 Other current assets 1,536 1,343 Total prepaid expenses and other current assets $ 14,048 $ 10,707 During the three months ended March 31, 2021, the Company prepaid $10.1 million in insurance premiums related to renewals of various insurance policies. The recoverable costs from insurance amounting to $4.6 million recorded as of December 31, 2020 was collected in full during the three months ended March 31, 2021.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5 – INTANGIBLE ASSETS A summary of intangible assets consisted of the following (in thousands) Estimated Useful Life (in years) Gross Carrying Value Accumulated Amortization Net Book Value As of March 31, 2021 Trademarks 10 $ 1,415 $ 208 $ 1,207 Patents 20 12,775 757 12,018 $ 14,190 $ 965 $ 13,225 As of December 31, 2020 Trademarks 10 $ 1,415 $ 156 $ 1,259 Patents 20 12,775 568 12,207 $ 14,190 $ 724 $ 13,466 The intangible assets are amortized over the period the Company expects to receive the related economic benefit. Amortization expense related to amortizable intangible assets for the three months ended March 31, 2021 and 2020 was $0.2 million and $0.4 million, respectively, and was included as part of depreciation and amortization in the condensed consolidated statements of operations. As of March 31, 2021, t (in thousands) Fiscal Year Estimated Amortization Expense Remainder of 2021 $ 725 2022 966 2023 966 2024 966 2025 966 Thereafter 8,636 Total $ 13,225

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 6 – PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following (in thousands) Estimated Useful Life (in years) March 31, 2021 December 31, 2020 Fracturing equipment 1.5 to 25 $ 267,690 $ 263,869 Light duty vehicles 5 3,491 2,483 Furniture and fixtures 5 67 67 IT equipment 3 1,723 1,676 Auxiliary equipment 2 to 20 12,495 11,058 Leasehold improvements Term of lease 287 287 285,753 279,440 Less: Accumulated depreciation and amortization (52,251 ) (44,108 ) Property and equipment, net $ 233,502 $ 235,332 Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2021 and 2020 was $10.9 million and $31.6 million, respectively.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2021
Payables And Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	NOTE 7 – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following (in thousands) March 31, 2021 December 31, 2020 Accrued payroll and benefits $ 6,034 $ 7,208 Accrued taxes 3,075 5,380 Accrued interest 506 317 Other current liabilities 2,374 1,876 Accrued expenses and other current liabilities $ 11,989 $ 14,781

Warrant Liabilities

Warrant Liabilities	3 Months Ended
	Mar. 31, 2021
Warrants And Rights Note Disclosure [Abstract]
Warrant Liabilities	NOTE 8 – WARRANT LIABILITIES Warrants As of March 31, 2021, a total of 19,167,417 public warrants and private placement warrants were outstanding, and exercisable for an aggregate of 9,583,709 shares of Class A common stock. In addition, as of March 31, 2021, 5,288,885 Series A warrants were outstanding pursuant to the Series A preferred stock purchase agreement, and exercisable for 5,288,885 shares of Class A common stock. Fair Value Measurement The Company’s warrants are accounted for as liabilities measured at fair value upon issuance, with subsequent changes in fair value reported in the Company’s condensed consolidated statements of operations each reporting period. The following tables present the Company's fair value hierarchy for liabilities measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020 (in thousands) Quoted prices in active markets (Level 1) Other observable inputs (Level 2) Unobservable inputs (Level 3) Total As of March 31, 2021 Public warrants $ 1,799 $ - $ - $ 1,799 Private placement warrants - 1,825 - 1,825 Series A warrants - 5,151 - 5,151 $ 1,799 $ 6,976 $ - $ 8,775 As of December 31, 2020 Public warrants $ 254 $ - $ - $ 254 Private placement warrants - 248 - 248 Series A warrants - 1,117 - 1,117 $ 254 $ 1,365 $ - $ 1,619 Public warrants . The fair value of the public warrants are classified as Level 1 in the fair value hierarchy and valued using quoted market prices, as they are traded in active markets. Private placement warrants. The fair value of the private placement warrants are classified as a Level 2 in the fair value hierarchy and determined using a Monte Carlo simulation model. As of March 31, 2021, the valuation for the private placement warrants used the following assumptions: exercise price of $5.75 per half share ($11.50 for full share equivalent), stock price of $1.04, expected remaining life of 2.61 years, volatility rate of 142.8%, risk-free interest rate of 0.3% and dividend rate of 0%. Series A warrants . The fair value of the Series A warrants are classified as a Level 2 in the fair value hierarchy and determined using the Black-Scholes valuation method. As of March 31, 2021, the valuation for the Series A warrants used the following assumptions: exercise price of $7.66, expected remaining term of 4.7 years, volatility rate of 142.8%, risk-free interest rate of 0.8% and expected dividend rate of 0% The following table summarizes the activities, including changes in fair values of the Company’s warrant liabilities for the three months ended March 31, 2021 and 2020 (in thousands) : Three Months Ended March 31, 2021 2020 Balance at beginning of period $ 1,619 $ 8,147 Change in fair value of warrant liabilities 7,151 (6,553 ) Amortization of warrant issuance costs 5 5 Balance at end of period $ 8,775 $ 1,599

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Notes Payable	NOTE 9 – NOTES PAYABLE During the three months ended March 31, 2021, the Company entered into various insurance premium finance agreements amounting to $9.1 million , payable in equal monthly installments at a weighted average interest rate of 5.4 %. These premium finance agreements are due within one year and are recorded as notes payable under current liabilities in the condensed consolidated balance sheets .

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt	NOTE 10 – DEBT Long-term debt consisted of the following (in thousands) March 31, 2021 December 31, 2020 Senior Secured Term Loan $ 245,000 $ 246,250 ABL Credit Facility 35,884 23,710 PPP Loan 10,000 10,000 USDA Loan 25,000 21,996 Equipment financing 12,002 12,866 Capital leases 879 229 Total debt principal balance 328,765 315,051 Unamortized discount on debt and debt issuance costs (12,381 ) (17,576 ) Current maturities (13,782 ) (13,573 ) Net Long-term debt $ 302,602 $ 283,902 ABL Credit Facility The USDA Loan In November 2020, we entered into a Business Loan Agreement (the “USDA Loan”) with a commercial bank pursuant to the United States Department of Agriculture, Business & Industry Coronavirus Aid, Relief, and Economic Security Act Guaranteed Loan Program, in the aggregate principal amount of up to $25.0 million for the purpose of providing long-term financing for eligible working capital. Interest payments are due monthly at the interest rate of 5.75% per annum beginning on December 12, 2020 but principal payments are not required until December 12, 2023. During the fourth quarter of 2020, we received proceeds amounting to $22.0 million under the USDA Loan. In January 2021, we received the remaining proceeds amounting to $3.0 million. Payments of Debt Obligations due by Period Presented in the following table is a schedule of the repayment requirements of long-term debt as of March 31, 2021 (in thousands) : Principal Amount of Long-term Debt Remainder of 2021 $ 11,572 2022 10,186 2023 9,408 2024 9,940 2025 269,081 Thereafter 18,578 Total $ 328,765

Mezzanine Equity

Mezzanine Equity	3 Months Ended
	Mar. 31, 2021
Temporary Equity Disclosure [Abstract]
MEZZANINE EQUITY	NOTE 11 – MEZZANINE EQUITY Series A Redeemable Convertible Preferred Stock The following table summarizes the Company’s Series A Redeemable Convertible Preferred Stock, par value $0.0001 per share (“Series A preferred stock”) activities for the three months ended March 31, 2021 ( in thousands, except share amounts Shares Amount Series A preferred stock as of December 31, 2020 (As Restated) 50,000 $ 50,975 Deemed and imputed dividends on Series A preferred stock - 464 Accrued Series A preferred stock dividends - 1,813 Series A preferred stock as of March 31, 2021 50,000 $ 53,252 During the three months ended March 31, 2021, the Company issued 444,444 additional warrants to the purchasers of Series A preferred stock in accordance with the Series A preferred stock purchase agreement. As of March 31, 2021, 50,000 shares of Series A preferred stock were outstanding and convertible into 9,329,921 shares of Class A common stock, and dividends accrued and outstanding with respect to the Series A preferred stock were $12.2 million and reflected in the carrying value of Series A preferred stock. Series B Redeemable Convertible Preferred Stock The following table summarizes the Company’s Series B Redeemable Convertible Preferred Stock, par value $0.0001 per share (“Series B preferred stock”) activities for the three months ended March 31, 2021 ( in thousands, except share amounts Shares Amount Series B preferred stock as of December 31, 2020 22,050 $ 22,686 Conversion of Series B preferred stock to Class A common stock (762 ) (797 ) Accrued Series B preferred stock dividends - 711 Series B preferred stock as of March 31, 2021 21,288 $ 22,600 In February 2021, 762 shares of Series B preferred stock and related accrued dividends were converted into 2,745,778 shares of Class A common stock pursuant to the certificate of designations authorizing and establishing the rights, preferences, and privileges of the Series B preferred stock. Accordingly, the Company recorded a reduction of $0.8 million in the carrying value of the Series B preferred stock. As of March 31, 2021, 21,288 shares of Series B preferred stock were outstanding and convertible into 77,965,385 shares of Class A common stock, and dividends accrued and outstanding with respect to the Series B preferred stock was $2.8 million and reflected in the carrying value of Series B preferred stock.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Stockholders' Equity	NOTE 12 – STOCKHOLDERS’ EQUITY Shares Authorized and Outstanding Preferred Stock The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. See “Note 11 – Mezzanine Equity” for the discussion of preferred stock issued and outstanding. Class A Common Stock The Company is authorized to issue 400,000,000 shares of Class A common stock with a par value of $0.0001 per share. At days within any 30 -trading day period, and 609,677 outstanding shares of Class A common stock were subject to the same cancellation provision, but at a closing price per share of $ 13.50 . On June 26, 2020, the Company entered into an Equity Distribution Agreement (the “ATM Agreement”) with Piper Sandler & Co. relating to the Company’s shares of Class A common stock. In accordance with the terms of the ATM Agreement, the Company may offer and sell over a period of time shares of our Class A common stock. The ATM Agreement relates to an “at-the-market” offering program. Under the ATM Agreement, the Company will pay Piper Sandler an aggregate commission of up to 3% of the gross sales price per share of Class A common stock sold under the ATM Agreement. On March 19, 2021, the Company filed Supplement No. 1 to Prospectus Supplement dated June 26, 2020 to increase the number of shares of Class A common stock that we may offer in accordance with the terms of the ATM Agreement by an additional $39.7 million in excess of the amount covered by the prospectus of $10.3 million. During the three months ended March 31, 2021, the Company sold 12,624,657 shares of Class A common stock for a total net proceeds of $10.7 million and paid $0.3 million in commissions under the ATM Agreement. Class B Common Stock The Company is authorized to issue 20,000,000 shares of Class B common stock with a par value of $0.0001 per share. The shares of Class B common stock are non-economic; however, holders are entitled to one vote per share. Each share of Class B common stock, together with one unit of USWS Holdings, is exchangeable for one share of Class A common stock or, at the Company’s election, the cash equivalent to the market value of one share of Class A common stock. During the three months ended March 31, 2021, 2,302,936 shares of Class B common stock were converted to an equivalent number of shares of Class A common stock. As of March 31, 2021 and December 31, 2020, there were 0 and 2,302,936 shares of Class B common stock issued and outstanding, respectively. Noncontrolling Interest During the three months ended March 31, 2021, the remaining noncontrolling interest holders of USWS Holdings surrendered all of their respective shares in exchange for the Company’s Class A common stock. Accordingly, USWS Holdings became the Company’s wholly owned subsidiary as of March 31, 2021.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	NOTE 13 – EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional common shares that could have been outstanding assuming the exercise of stock options, exercise of warrants, conversion of Series A and Series B preferred stock, conversion of Class B common stock, vesting of restricted shares of Class A common stock, and issuance of Class A common stock associated with the deferred stock units and certain performance awards. Basic and diluted net income (loss) per share excludes the income (loss) attributable to and shares associated with the 1,609,677 shares of Class A common stock that are subject to cancellation on November 9, 2024 if certain market conditions have not been met. The Company has included in the calculation accrued dividends on Series A and Series B preferred stock and related deemed and imputed dividends. The following table sets forth the calculation of basic and diluted earnings (loss) per share for the periods indicated based on the weighted average number of shares of Class A common stock outstanding for the period (in thousands, except share and per share amounts) Three Months Ended March 31, 2021 2020 (As Restated) Basic Net Income (Loss) Per Share Numerator: Net loss attributable to U.S. Well Services, Inc. $ (20,566 ) $ (165,818 ) Net loss attributable to cancellable Class A common stock 411 4,432 Basic net loss attributable to U.S. Well Services, Inc. shareholders (20,155 ) (161,386 ) Dividends accrued on Series A preferred stock (1,813 ) (1,751 ) Dividends accrued on Series B preferred stock (711 ) - Deemed and imputed dividends on Series A preferred stock (464 ) (6,972 ) Deemed and imputed dividends on Series B preferred stock (4,168 ) - Basic net loss attributable to U.S. Well Services, Inc. Class A common shareholders $ (27,311 ) $ (170,109 ) Denominator: Weighted average shares outstanding 80,586,777 60,229,277 Cancellable Class A common stock (1,609,677 ) (1,609,677 ) Basic and diluted weighted average shares outstanding 78,977,100 58,619,600 Basic and diluted net income (loss) per share attributable to Class A common shareholders $ (0.35 ) $ (2.90 ) A summary of securities excluded from the computation of diluted earnings per share is presented below for the applicable periods: Three Months Ended March 31, 2021 2020 Dilutive earnings per share: Anti-dilutive stock options 877,266 924,990 Anti-dilutive warrants 14,872,594 16,169,539 Anti-dilutive restricted stock 1,079,249 1,685,686 Anti-dilutive deferred stock units 8,911,858 - Anti-dilutive shares from Pool B awards 10,124,725 - Anti-dilutive Class B common stock convertible into Class A common stock - 5,500,692 Anti-dilutive Series A preferred stock convertible into Class A common stock 9,329,921 9,115,615 Anti-dilutive Series B preferred stock convertible into Class A common stock 77,965,385 - Potentially dilutive securities excluded as anti-dilutive 123,160,998 33,396,522

Share-based Compensation

Share-based Compensation	3 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based Compensation	NOTE 14 – SHARE-BASED COMPENSATION Share-based compensation expense consisted of the following ( in thousands Three Months Ended March 31, 2021 2020 Restricted stock $ 825 $ 1,824 Stock options 214 254 DSUs 246 - Pool A Awards 86 - Pool B Awards 280 - Total $ 1,651 (1) $ 2,078 (2) (1) (2) Restricted Stock The following table summarizes the restricted stock activity for the three months ended March 31, 2021: Weighted- average Unvested shares grant-date fair value per share Non-vested restricted stock as of December 31, 2020 1,449,287 $ 8.85 Granted - - Vested (353,378 ) 8.91 Forfeited (16,660 ) 8.91 Non-vested restricted stock as of March 31, 2021 1,079,249 $ 8.83 As of March 31, 2021, the total unrecognized compensation cost related to restricted stock was $6.4 million which is expected to be recognized over a weighted-average period of 1.91 years. Stock Options The following table summarizes the stock option activity for the three months ended March 31, 2021: Number of shares Weighted average exercise price (per share data) Weighted Average Remaining Contractual Life (years) Outstanding as of December 31, 2020 877,266 $ 8.91 5.21 Exercised - - - Forfeited/Expired - - - Outstanding as of March 31, 2021 877,266 $ 8.91 4.96 Exercisable as of March 31, 2021 438,633 $ 8.91 4.96 As of March 31, 2021, the total unrecognized compensation cost related to stock options was $1.7 million Deferred Stock Units (“DSUs”) The following table summarizes the DSUs activity for the three months ended March 31, 2021: Weighted- average Unvested units grant-date fair value per unit Non-vested DSUs as of December 31, 2020 8,911,858 $ 0.33 Granted - - Vested (2,970,619 ) 0.33 Forfeited - - Non-vested DSUs as of March 31, 2021 5,941,239 $ 0.33 As of March 31, 2021, the total unrecognized compensation cost related to DSUs was $1.7 million which is expected to be recognized over a weighted average period of 1.75 years. Pool A Performance Award (“Pool A Award”) The Company accounted for the Pool A Award under liability accounting as a result of the fixed monetary amount that could be settled either in cash or a variable number of shares of the Company’s Class A common stock. The Pool A Award became fully vested as of January 1, 2021. Since the settlement will not occur until the fifth anniversary of the grant date, the Company considered the delayed settlement as a post-vesting restriction which impacted the determination of grant-date fair value of the award. As of March 31, 2021, the fair value of the Pool A Award liability was remeasured to $2,414, which was estimated using a risk-adjusted discount rate reflecting the weighted average cost of capital of similarly traded public companies. During the three months ended March 31, 2021, the Company recorded additional compensation cost of $0.1 million, which was the change in fair value of the Pool A Award liability. Pool B Performance Award (“Pool B Award”) On January 1, 2021, one-third of the fair value of the Pool B Award vested in the amount of $1.1 million. As of March 31, 2021, the unvested fair value of the Pool B Award was $2.2 million. As of March 31, 2021, the total unrecognized compensation cost related to Pool B Award was $2.0 million which is expected to be recognized over a weighted average period of 1.75 years.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 15 – INCOME TAXES On March 27, 2020, the President signed the CARES Act into law. The CARES Act contains several corporate income tax provisions, including, among other things, providing a 5-year carryback of net operating loss (“NOL”) tax carryforwards generated in tax years 2018, 2019, and 2020, removing the 80% taxable income limitation on utilization of those NOLs if carried back to prior tax years or utilized in tax years beginning before 2021, temporarily liberalizing the interest deductions rules under Section 163(j) of the Tax Cuts and Jobs Act of 2017, and making corporate alternative minimum tax credits immediately refundable. During the second quarter of 2020, the Company filed an application to carry back its 2018 NOLs, claiming a refund of approximately $0.8 million, which remains outstanding as of March 31, 2021. The Company files income tax returns in the U.S. federal jurisdiction and various state and local jurisdictions and is subject to examination by the taxing authorities. The Company’s effective tax rate on continuing operations for the three months ended March 31, 2021 was (0.00)%. We follow guidance issued by the FASB in accounting for uncertainty in income taxes. This guidance clarifies the accounting for income taxes by prescribing the minimum recognition threshold an income tax position is required to meet before being recognized in the condensed consolidated financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the condensed consolidated financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. We have considered our exposure under the standard at both the federal and state tax levels. We did not record any liabilities for uncertain tax positions as of March 31, 2021 or December 31, 2020. We record income tax-related interest and penalties, if any, as a component of income tax expense. We did not incur any material interest or penalties on income taxes. After consideration of all the information available, management determined that a valuation allowance was appropriate, as it is more likely than not that the Company will not utilize its net deferred tax assets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 16 – COMMITMENTS AND CONTINGENCIES Litigation Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company was named a defendant in a case filed on January 14, 2019 in the Superior Court of the State of Delaware styled Smart Sand, Inc. v. U.S. Well Services LLC Sand Purchase Agreements The Company entered into agreements for the supply of proppant for use in its hydraulic fracturing operations. Under the terms of these agreements, the Company is subject to minimum purchase quantities on a monthly, quarterly, or annual basis at fixed prices or may pay penalties in the event of any shortfall. As of March 31, 2021, we estimated and accrued for a shortfall in purchase quantities. This accrual is presented as part of accrued liabilities on the condensed consolidated balance sheets. As of March 31, 2021, the Company’s contracted volumes in dollars was $12.0 million. The Company’s minimum commitments was $10.0 million, which represents the aggregate amounts that we would be obligated to pay if we procured no additional proppant under the contracts after March 31, 2021. Operating Lease Agreements The Company has various operating leases for facilities with terms ranging from 24 to 76 months. Rent expense was $0.3 million and $0.7 million for the three months ended March 31, 2021 and 2020, respectively, of which $0.2 million and $0.5 million, respectively, are recorded as part of cost of services and $0.1 million, and $0.2 million, respectively, are recorded as part of selling, general and administrative expenses in the condensed consolidated statements of operations. The following is a schedule of minimum future payments on non-cancellable operating leases as of March 31, 2021 (in thousands) Remainder of 2021 $ 772 2022 828 2023 308 2024 258 2025 67 Total minimum future rentals $ 2,233 Capital Lease Agreements The total amount of future minimum lease payments related to the capital leases as of March 31, 2021 was $0.9 million, of which $0.2 million is due in the remainder of 2021 and in each of the years in 2022, 2023 and 2024, and $0.1 million is due in 2025. The total payments include a nominal amount of imputed interest. Self-insurance The Company established a self-insured plan for employees’ healthcare benefits except for losses in excess of varying threshold amounts. The Company charges to expense all actual claims made during each reporting period, as well as an estimate of claims incurred, but not yet reported. The amount of estimated claims incurred, but not reported was $0.5 million and $0.2 million as of March 31, 2021 and December 31, 2020, respectively, and was reported as accrued expenses in the condensed consolidated balance sheets. The Company believes that the liabilities recorded are appropriate based on the known facts and circumstances and does not expect further losses materially in excess of the amounts already accrued for existing claims.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 17 – SUBSEQUENT EVENTS On

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared using generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and the instructions to Form 10-Q and Regulation S-X. Accordingly, these financial statements do not include all information or notes required by GAAP for annual financial statements and should be read in conjunction with the annual financial statements included in the Amendment No. 1 to Annual Report on Form 10-K/A for the year ended December 31, 2020 (the “Amended Annual Report”), filed with the Securities and Exchange Commission (“SEC”) on May 17, 2021. The accompanying unaudited condensed consolidated financial statements and accompanying notes present the consolidated financial position, results of operations, cash flows, and stockholders’ deficit of the Company as of March 31, 2021 and December 31, 2020, and for the three months ended March 31, 2021 and 2020. The interim data includes all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods. The results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results of operations expected for the entire fiscal year ended December 31, 2021.
Restatement of Previously Issued Financial Statements	Restatement of Previously Issued Financial Statements On April 12, 2021, the Staff of the SEC (the “SEC Staff”) issued a public statement entitled “Staff Statement on Accounting and Reporting Considerations for Warrants issued by Special Purpose Acquisition Companies (“SPACs”)” (the “SEC Staff Statement”). In the SEC Staff Statement, the SEC Staff expressed its view that certain terms and conditions common to SPAC warrants may require the warrants to be classified as liabilities of the entity measured at fair value, with changes in fair value each reporting period in earnings as opposed to being treated as equity. As a result of the SEC Staff Statement and in light of evolving views as to certain provisions commonly included in warrants issued by SPACs, we re-evaluated the accounting for our warrants (as described in “Note 8 – Warrant Liabilities” and “Note 11 – Mezzanine Equity”) under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity December 31, 2020 and 2019 . Accordingly, this Quarterly Report on Form 10–Q contains our restated consolidated financial statements and related disclosures as of December 31, 2020 and for the three month s ended March 31, 2020. Please see “Explanatory Note” and Note 2 to the Notes to the Consolidated Financial Statements included in Part II, Item 8 of the Amended Annual Report for additional information about the restatement.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements comprise the financial statements of the Company and its wholly owned subsidiaries. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the Company. All significant intercompany balances and transactions are eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Significant estimates included in these financial statements primarily relate to allowance for doubtful accounts, allowance for inventory obsolescence, estimated useful lives and valuation of property and equipment and intangible assets, impairment assessments of goodwill and long-lived assets, Level 2 inputs used in fair value estimation of warrant liabilities, term loans, and the assumptions used in our Black-Scholes and Monte Carlo option pricing models associated with the valuation of warrant liabilities, share-based compensation and certain equity instruments. Actual results could differ from those estimates.
Restricted Cash	Restricted Cash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements, or are reserved for a specific purpose, and not readily available for immediate or general use are recorded in restricted cash in our condensed consolidated balance sheets. The restricted cash in our condensed consolidated balance sheet represents cash transferred into a trust account to support our workers’ compensation obligations and cash held for use in approved capital expenditures amounting to $513 and $6, respectively, as of March 31, 2021, and $513 and $1,056, respectively, as of December 31, 2020. The following table provides a reconciliation of the amount of cash and cash equivalents reported on the condensed consolidated balance sheets to the total of cash and cash equivalents and restricted cash shown on the condensed consolidated statements of cash flows (in thousands) March 31, 2021 December 31, 2020 Cash and cash equivalents $ 17,726 $ 3,693 Restricted cash 519 1,569 Cash and cash equivalents and restricted cash $ 18,245 $ 5,262
Inventory	Inventory Inventory consists of proppant, chemicals, and other consumable materials and supplies used in our high-pressure hydraulic fracturing operations. Inventories are stated at the lower of cost or net realizable value. Cost is determined principally on a first-in-first-out cost basis. All inventories are purchased for use by the Company in the delivery of its services with no inventory being sold separately to outside parties. Inventory quantities on hand are reviewed regularly and write-downs for obsolete inventory are recorded based on our forecast of the inventory item demand in the near future. As of March 31, 2021 and December 31, 2020, the Company had established inventory reserves of $0.4 million and $0.3 million, respectively, for obsolete and slow-moving inventory.
Property and Equipment	Property and Equipment Property and equipment are carried at cost, with depreciation provided on a straight-line basis over their estimated useful lives. Expenditures for renewals and betterments that extend the lives of the assets are capitalized. Amounts spent for maintenance and repairs, which do not improve or extend the life of the related asset, are charged to expense as incurred. The Company separately identifies and accounts for certain critical components of its hydraulic fracturing units including the engine, transmission, and pump, which requires us to separately estimate the useful lives of these components. For our other service equipment, we do not separately identify and track depreciation of specific original components. When we replace components of these assets, we typically estimate the net book values of the components that are retired, which are based primarily upon their replacement costs, their ages and their original estimated useful lives. In the first quarter of 2020, our review of impairment of long-lived assets necessitated a review of the useful lives of our property and equipment. Current trends in hydraulic fracturing equipment operating conditions, such as increasing treating pressures and higher pumping rates, along with the increase in daily pumping time are shortening the useful life of certain critical components we use. We determined that the average useful life of fluid ends and fuel injectors is now less than one year, resulting in our determination that costs associated with the replacement of these components will no longer be capitalized, but instead expensed as they are used in operations. This change in accounting estimate was made effective in March 2020 and accounted for prospectively.
Goodwill	Goodwill Goodwill is not amortized, but is reviewed for impairment annually, or more frequently when events or changes in circumstances indicate that the carrying value may not be recoverable. Judgements regarding indicators of potential impairment are based on market conditions and operational performance of the business. As of December 31 of each year, or as required, the Company performs an impairment analysis of goodwill. The Company may assess its goodwill for impairment initially using a qualitative approach to determine whether conditions exist that indicate it is more likely than not that a reporting unit’s carrying value is greater than its fair value, and if such conditions are identified, then a quantitative analysis will be performed to determine if there is any impairment. The Company may also elect to perform a single step quantitative analysis in which the carrying amount of the reporting unit is compared to its fair value, which the Company estimates using a guideline public company method, a form of the market approach. The guideline public company method utilizes the trading multiples of similarly traded public companies as they relate to the Company’s operating metrics. An impairment charge would be recognized for the amount by which the carrying amount of the reporting unit exceeds the reporting unit’s fair value, and only limited to the total amount of goodwill allocated to the reporting unit.
Warrant Liabilities	Warrant Liabilities The Company evaluates all its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to Accounting Standards Codification (“ ASC”) 480, Distinguishing Liabilities from Equity and ASC 815-15, Derivatives and Hedging—Embedded Derivatives Derivatives and Hedging—Contracts in Entity’s Own Equity The Company issued public warrants and private placement warrants (collectively, the “public and private placement warrants”) in connection with its initial public offering in November 2018. Additionally, the Company issued warrants to certain institutional investors in connection with the Company’s private placement of Series A Preferred Stock on May 24, 2019 (“Series A warrants,” and together with the public and private placement warrants, the “warrants”). All our outstanding warrants are recognized as liabilities. Accordingly, we recognize the warrant instruments as liabilities at fair value upon issuance and adjust the instruments to fair value at the end of each reporting period. Any change in fair value is recognized in our condensed consolidated statements of operations. The public warrants are valued using their quoted market price since they are publicly traded and thus had an observable market price. The private placement warrants are valued using a Monte Carlo simulation model. The Series A warrants are valued using the Black-Scholes option pricing model.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined under ASC 820, Fair Value Measurement Level 1–inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2–inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3–inputs are unobservable for the asset or liability. The following is a summary of the carrying amounts and estimated fair values of our financial instruments as of March 31, 2021 and December 31, 2020: Senior Secured Term Loan . The fair value of the Senior Secured Term Loan is $196.9 million and $198.0 million as of March 31, 2021 and December 31, 2020, respectively. Equipment financing . The carrying value of the equipment financing approximates fair value as its terms are consistent with and comparable to current market rates as of March 31, 2021 and December 31, 2020, respectively. See “Note 8 – Warrant Liabilities” for fair value measurements associated with the Company’s warrants.
Revenue Recognition	Revenue Recognition The Company recognizes revenue based on the customer’s ability to benefit from the services rendered in an amount that reflects the consideration expected to be received in exchange for those services. The Company’s performance obligations are satisfied over time, typically measured by the number of stages completed or the number of pumping days a fleet is available to pump for a customer in a month. All revenue is recognized when a contract with a customer exists, collectability of amounts subject to invoice is probable, the performance obligations under the contract have been satisfied over time, and the amount to which the Company has the right to invoice has been determined. A portion of the Company’s contracts contain variable consideration; however, this variable consideration is typically unknown at the time of contract inception, and is not known until the job is complete, at which time the variability is resolved. The Company has elected to use the “as invoiced” practical expedient to recognize revenue based upon the amount it has a right to invoice upon the completion of each performance obligation per the terms of the contract.
Accounts Receivable	Accounts Receivable Accounts receivable are recorded at their outstanding balances adjusted for an allowance for doubtful accounts. The allowance for doubtful accounts is determined by analyzing the payment history and credit worthiness of each customer. Receivable balances are charged off when they are considered uncollectible by management. Recoveries of receivables previously charged off are recorded as income when received. During the three months ended March 31, 2021, the Company wrote-off accounts receivable amounting to $12.0 million, which was previously reserved for in full as of December 31, 2020. See “Note 17 – Subsequent Events” for more information.
Major Customer and Concentration of Credit Risk	Major Customer and Concentration of Credit Risk The concentration of our customers in the oil and natural gas industry may impact our overall exposure to credit risk, either positively or negatively, in that customers may be similarly affected by changes in economic and industry conditions. We perform ongoing credit evaluations of our customers and do not generally require collateral in support of our trade receivables. The following table shows the percentage of revenues from our significant customers: Three Months Ended March 31, 2021 2020 Customer A * 23.6% Customer B 13.0% 13.9% Customer C 12.6% 13.8% Customer D * 12.7% Customer E 16.6% * Customer F 20.3% * Customer H 18.5% * An asterisk indicates that revenue is less than ten percent. The following table shows the percentage of trade receivables from our significant customers: March 31, 2021 December 31, 2020 Customer B 10.7% 32.2% Customer C * 17.0% Customer E 20.9% * Customer F 15.8% 12.7% Customer G * 12.5% Customer H 21.0% 13.5% An asterisk indicates that trade receivable is less than ten percent
Income Taxes	Income Taxes The Company under ASC 740, Accounting for Income Taxes ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties at March 31, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Cash and Cash Equivalents and Restricted Cash	The following table provides a reconciliation of the amount of cash and cash equivalents reported on the condensed consolidated balance sheets to the total of cash and cash equivalents and restricted cash shown on the condensed consolidated statements of cash flows (in thousands) March 31, 2021 December 31, 2020 Cash and cash equivalents $ 17,726 $ 3,693 Restricted cash 519 1,569 Cash and cash equivalents and restricted cash $ 18,245 $ 5,262
Schedule of Percentage of Revenues and Trade Receivables from Customers	The following table shows the percentage of revenues from our significant customers: Three Months Ended March 31, 2021 2020 Customer A * 23.6% Customer B 13.0% 13.9% Customer C 12.6% 13.8% Customer D * 12.7% Customer E 16.6% * Customer F 20.3% * Customer H 18.5% * An asterisk indicates that revenue is less than ten percent. The following table shows the percentage of trade receivables from our significant customers: March 31, 2021 December 31, 2020 Customer B 10.7% 32.2% Customer C * 17.0% Customer E 20.9% * Customer F 15.8% 12.7% Customer G * 12.5% Customer H 21.0% 13.5% An asterisk indicates that trade receivable is less than ten percent

Prepaids and Other Current As_2

Prepaids and Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Prepaid Expense And Other Assets Current [Abstract]
Schedule of Prepaids and Other Current Assets	Prepaids and other current assets consisted of the following (in thousands) March 31, 2021 December 31, 2020 Prepaid insurance $ 10,945 $ 3,162 Recoverable costs from insurance - 4,635 Income tax receivable 1,567 1,567 Other current assets 1,536 1,343 Total prepaid expenses and other current assets $ 14,048 $ 10,707

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	A summary of intangible assets consisted of the following (in thousands) Estimated Useful Life (in years) Gross Carrying Value Accumulated Amortization Net Book Value As of March 31, 2021 Trademarks 10 $ 1,415 $ 208 $ 1,207 Patents 20 12,775 757 12,018 $ 14,190 $ 965 $ 13,225 As of December 31, 2020 Trademarks 10 $ 1,415 $ 156 $ 1,259 Patents 20 12,775 568 12,207 $ 14,190 $ 724 $ 13,466
Schedule of Estimated Future Amortization Expense	As of March 31, 2021, t (in thousands) Fiscal Year Estimated Amortization Expense Remainder of 2021 $ 725 2022 966 2023 966 2024 966 2025 966 Thereafter 8,636 Total $ 13,225

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following (in thousands) Estimated Useful Life (in years) March 31, 2021 December 31, 2020 Fracturing equipment 1.5 to 25 $ 267,690 $ 263,869 Light duty vehicles 5 3,491 2,483 Furniture and fixtures 5 67 67 IT equipment 3 1,723 1,676 Auxiliary equipment 2 to 20 12,495 11,058 Leasehold improvements Term of lease 287 287 285,753 279,440 Less: Accumulated depreciation and amortization (52,251 ) (44,108 ) Property and equipment, net $ 233,502 $ 235,332

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Payables And Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands) March 31, 2021 December 31, 2020 Accrued payroll and benefits $ 6,034 $ 7,208 Accrued taxes 3,075 5,380 Accrued interest 506 317 Other current liabilities 2,374 1,876 Accrued expenses and other current liabilities $ 11,989 $ 14,781

Warrant Liabilities (Tables)

Warrant Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Warrants And Rights Note Disclosure [Abstract]
Schedule of Liabilities Measured at Fair Value on Recurring Basis	The following tables present the Company's fair value hierarchy for liabilities measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020 (in thousands) Quoted prices in active markets (Level 1) Other observable inputs (Level 2) Unobservable inputs (Level 3) Total As of March 31, 2021 Public warrants $ 1,799 $ - $ - $ 1,799 Private placement warrants - 1,825 - 1,825 Series A warrants - 5,151 - 5,151 $ 1,799 $ 6,976 $ - $ 8,775 As of December 31, 2020 Public warrants $ 254 $ - $ - $ 254 Private placement warrants - 248 - 248 Series A warrants - 1,117 - 1,117 $ 254 $ 1,365 $ - $ 1,619
Schedule of Changes in Fair Values of Warrant Liabilities	The following table summarizes the activities, including changes in fair values of the Company’s warrant liabilities for the three months ended March 31, 2021 and 2020 (in thousands) : Three Months Ended March 31, 2021 2020 Balance at beginning of period $ 1,619 $ 8,147 Change in fair value of warrant liabilities 7,151 (6,553 ) Amortization of warrant issuance costs 5 5 Balance at end of period $ 8,775 $ 1,599

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in thousands) March 31, 2021 December 31, 2020 Senior Secured Term Loan $ 245,000 $ 246,250 ABL Credit Facility 35,884 23,710 PPP Loan 10,000 10,000 USDA Loan 25,000 21,996 Equipment financing 12,002 12,866 Capital leases 879 229 Total debt principal balance 328,765 315,051 Unamortized discount on debt and debt issuance costs (12,381 ) (17,576 ) Current maturities (13,782 ) (13,573 ) Net Long-term debt $ 302,602 $ 283,902
Schedule of Repayment Requirements of Long-term Debt	Presented in the following table is a schedule of the repayment requirements of long-term debt as of March 31, 2021 (in thousands) : Principal Amount of Long-term Debt Remainder of 2021 $ 11,572 2022 10,186 2023 9,408 2024 9,940 2025 269,081 Thereafter 18,578 Total $ 328,765

Mezzanine Equity (Tables)

Mezzanine Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Temporary Equity Disclosure [Abstract]
Summary of Series A and Series B Redeemable Convertible Preferred Stock (Series A and Series B Preferred Stock) Activities	The following table summarizes the Company’s Series A Redeemable Convertible Preferred Stock, par value $0.0001 per share (“Series A preferred stock”) activities for the three months ended March 31, 2021 ( in thousands, except share amounts Shares Amount Series A preferred stock as of December 31, 2020 (As Restated) 50,000 $ 50,975 Deemed and imputed dividends on Series A preferred stock - 464 Accrued Series A preferred stock dividends - 1,813 Series A preferred stock as of March 31, 2021 50,000 $ 53,252 The following table summarizes the Company’s Series B Redeemable Convertible Preferred Stock, par value $0.0001 per share (“Series B preferred stock”) activities for the three months ended March 31, 2021 ( in thousands, except share amounts Shares Amount Series B preferred stock as of December 31, 2020 22,050 $ 22,686 Conversion of Series B preferred stock to Class A common stock (762 ) (797 ) Accrued Series B preferred stock dividends - 711 Series B preferred stock as of March 31, 2021 21,288 $ 22,600

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Calculation of Basic And Diluted Earnings (Loss) Per Share	The following table sets forth the calculation of basic and diluted earnings (loss) per share for the periods indicated based on the weighted average number of shares of Class A common stock outstanding for the period (in thousands, except share and per share amounts) Three Months Ended March 31, 2021 2020 (As Restated) Basic Net Income (Loss) Per Share Numerator: Net loss attributable to U.S. Well Services, Inc. $ (20,566 ) $ (165,818 ) Net loss attributable to cancellable Class A common stock 411 4,432 Basic net loss attributable to U.S. Well Services, Inc. shareholders (20,155 ) (161,386 ) Dividends accrued on Series A preferred stock (1,813 ) (1,751 ) Dividends accrued on Series B preferred stock (711 ) - Deemed and imputed dividends on Series A preferred stock (464 ) (6,972 ) Deemed and imputed dividends on Series B preferred stock (4,168 ) - Basic net loss attributable to U.S. Well Services, Inc. Class A common shareholders $ (27,311 ) $ (170,109 ) Denominator: Weighted average shares outstanding 80,586,777 60,229,277 Cancellable Class A common stock (1,609,677 ) (1,609,677 ) Basic and diluted weighted average shares outstanding 78,977,100 58,619,600 Basic and diluted net income (loss) per share attributable to Class A common shareholders $ (0.35 ) $ (2.90 )
Summary of Securities Excluded from Computation of Diluted Earnings Per Share	A summary of securities excluded from the computation of diluted earnings per share is presented below for the applicable periods: Three Months Ended March 31, 2021 2020 Dilutive earnings per share: Anti-dilutive stock options 877,266 924,990 Anti-dilutive warrants 14,872,594 16,169,539 Anti-dilutive restricted stock 1,079,249 1,685,686 Anti-dilutive deferred stock units 8,911,858 - Anti-dilutive shares from Pool B awards 10,124,725 - Anti-dilutive Class B common stock convertible into Class A common stock - 5,500,692 Anti-dilutive Series A preferred stock convertible into Class A common stock 9,329,921 9,115,615 Anti-dilutive Series B preferred stock convertible into Class A common stock 77,965,385 - Potentially dilutive securities excluded as anti-dilutive 123,160,998 33,396,522

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Share-based Compensation Expense	Share-based compensation expense consisted of the following ( in thousands Three Months Ended March 31, 2021 2020 Restricted stock $ 825 $ 1,824 Stock options 214 254 DSUs 246 - Pool A Awards 86 - Pool B Awards 280 - Total $ 1,651 (1) $ 2,078 (2) (1) (2)
Schedule of Restricted Stock Transactions	The following table summarizes the restricted stock activity for the three months ended March 31, 2021: Weighted- average Unvested shares grant-date fair value per share Non-vested restricted stock as of December 31, 2020 1,449,287 $ 8.85 Granted - - Vested (353,378 ) 8.91 Forfeited (16,660 ) 8.91 Non-vested restricted stock as of March 31, 2021 1,079,249 $ 8.83 As of March 31, 2021, the total unrecognized compensation cost related to restricted stock was $6.4 million which is expected to be recognized over a weighted-average period of 1.91 years.
Schedule of Stock Option Activity	The following table summarizes the stock option activity for the three months ended March 31, 2021: Number of shares Weighted average exercise price (per share data) Weighted Average Remaining Contractual Life (years) Outstanding as of December 31, 2020 877,266 $ 8.91 5.21 Exercised - - - Forfeited/Expired - - - Outstanding as of March 31, 2021 877,266 $ 8.91 4.96 Exercisable as of March 31, 2021 438,633 $ 8.91 4.96
Schedule of DSUs Activity	The following table summarizes the DSUs activity for the three months ended March 31, 2021: Weighted- average Unvested units grant-date fair value per unit Non-vested DSUs as of December 31, 2020 8,911,858 $ 0.33 Granted - - Vested (2,970,619 ) 0.33 Forfeited - - Non-vested DSUs as of March 31, 2021 5,941,239 $ 0.33

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Schedule of Minimum Future Payments on Non-Cancelable Operating Leases	The following is a schedule of minimum future payments on non-cancellable operating leases as of March 31, 2021 (in thousands) Remainder of 2021 $ 772 2022 828 2023 308 2024 258 2025 67 Total minimum future rentals $ 2,233

Significant Accounting Polici_4

Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounting Policies [Line Items]
Restricted cash	$ 519,000	$ 1,569,000
Inventory valuation reserves	400,000	300,000
Reserve for doubtful accounts	0	12,000,000
Accounts receivable wrote off	12,000,000
Accrued for payment of interest and penalties	0
Senior Secured Term Loan [Member]
Accounting Policies [Line Items]
Long term debt fair value	196,900,000	198,000,000
Workers’ Compensation Obligations [Member]
Accounting Policies [Line Items]
Restricted cash	513,000	513,000
Approved Capital Expenditures [Member]
Accounting Policies [Line Items]
Restricted cash	$ 6,000	$ 1,056,000

Significant Accounting Polici_5

Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and cash equivalents	$ 17,726	$ 3,693
Restricted cash	519	1,569
Cash and cash equivalents and restricted cash	$ 18,245	$ 5,262	$ 9,587	$ 41,404

Significant Accounting Polici_6

Significant Accounting Policies (Details 1)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues [Member]
Concentration risk, Percentage	10.00%
Revenues [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration risk, Percentage		23.60%
Revenues [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration risk, Percentage	13.00%	13.90%
Revenues [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Concentration risk, Percentage	12.60%	13.80%
Revenues [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Concentration risk, Percentage		12.70%
Revenues [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Concentration risk, Percentage	16.60%
Revenues [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Concentration risk, Percentage	20.30%
Revenues [Member] | Customer Concentration Risk [Member] | Customer H [Member]
Concentration risk, Percentage	18.50%
Trade Receivables [Member]
Concentration risk, Percentage	10.00%
Trade Receivables [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration risk, Percentage	10.70%		32.20%
Trade Receivables [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Concentration risk, Percentage			17.00%
Trade Receivables [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Concentration risk, Percentage	20.90%
Trade Receivables [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Concentration risk, Percentage	15.80%		12.70%
Trade Receivables [Member] | Customer Concentration Risk [Member] | Customer H [Member]
Concentration risk, Percentage	21.00%		13.50%
Trade Receivables [Member] | Customer Concentration Risk [Member] | Customer G [Member]
Concentration risk, Percentage			12.50%

Significant Accounting Polici_7

Significant Accounting Policies (Parenthetical) (Details 1)	3 Months Ended
	Mar. 31, 2021
Revenues [Member]
Concentration risk, Percentage	10.00%
Trade Receivables [Member]
Concentration risk, Percentage	10.00%

Prepaids and Other Current As_3

Prepaids and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Prepaid Expense And Other Assets Current [Abstract]
Prepaid insurance	$ 10,945	$ 3,162
Recoverable costs from insurance		4,635
Income tax receivable	1,567	1,567
Other current assets	1,536	1,343
Total prepaid expenses and other current assets	$ 14,048	$ 10,707

Prepaids and Other Current As_4

Prepaids and Other Current Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Prepaid Expense And Other Assets Current [Abstract]
Insurance premiums paid for renewal	$ 10,100
Recoverable costs from insurance		$ 4,635
Recoverable costs from insurance collected	$ 4,600

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 14,190	$ 14,190
Accumulated Amortization	965	724
Net Book Value	$ 13,225	$ 13,466
Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	10 years	10 years
Gross Carrying Value	$ 1,415	$ 1,415
Accumulated Amortization	208	156
Net Book Value	$ 1,207	$ 1,259
Patents [Member]
Finite Lived Intangible Assets [Line Items]
Estimated Useful Life (in years)	20 years	20 years
Gross Carrying Value	$ 12,775	$ 12,775
Accumulated Amortization	757	568
Net Book Value	$ 12,018	$ 12,207

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 0.2	$ 0.4

Intangible Assets (Details 1)

Intangible Assets (Details 1) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 725
2022	966
2023	966
2024	966
2025	966
Thereafter	8,636
Net Book Value	$ 13,225	$ 13,466

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 285,753	$ 279,440
Less: Accumulated depreciation and amortization	(52,251)	(44,108)
Property and equipment, net	233,502	235,332
Fracturing Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 267,690	263,869
Fracturing Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated Useful Life (in years)	1 year 6 months
Fracturing Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated Useful Life (in years)	25 years
Light Duty Vehicles [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 3,491	2,483
Estimated Useful Life (in years)	5 years
Furniture and fixtures [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 67	67
Estimated Useful Life (in years)	5 years
IT Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 1,723	1,676
Estimated Useful Life (in years)	3 years
Auxiliary Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 12,495	11,058
Auxiliary Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated Useful Life (in years)	2 years
Auxiliary Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated Useful Life (in years)	20 years
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 287	$ 287
Estimated Useful Life	Term of lease

Property and Equipment, Net - (

Property and Equipment, Net - (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 11,106	$ 32,008
Property and Equipment [Member]
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 10,900	$ 31,600

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Payables And Accruals [Abstract]
Accrued payroll and benefits	$ 6,034	$ 7,208
Accrued taxes	3,075	5,380
Accrued interest	506	317
Other current liabilities	2,374	1,876
Accrued expenses and other current liabilities	$ 11,989	$ 14,781

Warrant Liabilities (Details Na

Warrant Liabilities (Details Narrative)	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Class Of Warrant Or Right [Line Items]
Warrants outstanding	19,167,417
Private Placement Warrant [Member]
Class Of Warrant Or Right [Line Items]
Exercise price per half share | $ / shares	$ 5.75
Exercise price per full share equivalent | $ / shares	11.50
Private Placement Warrant [Member] | Measurement Input Share Price [Member]
Class Of Warrant Or Right [Line Items]
Stock price | $ / shares	$ 1.04
Private Placement Warrant [Member] | Measurement Input, Expected Remaining Life [Member]
Class Of Warrant Or Right [Line Items]
Expected remaining life	2 years 7 months 9 days
Private Placement Warrant [Member] | Measurement Input, Price Volatility [Member]
Class Of Warrant Or Right [Line Items]
Alternative investment, measurement input	142.8
Private Placement Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member]
Class Of Warrant Or Right [Line Items]
Alternative investment, measurement input	0.3
Private Placement Warrant [Member] | Measurement Input, Expected Dividend Rate [Member]
Class Of Warrant Or Right [Line Items]
Alternative investment, measurement input	0
Series A Warrants [Member]
Class Of Warrant Or Right [Line Items]
Exercise price per full share equivalent | $ / shares	$ 7.66
Series A Warrants [Member] | Measurement Input, Expected Remaining Life [Member]
Class Of Warrant Or Right [Line Items]
Expected remaining life	4 years 8 months 12 days
Series A Warrants [Member] | Measurement Input, Price Volatility [Member]
Class Of Warrant Or Right [Line Items]
Alternative investment, measurement input	142.8
Series A Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Class Of Warrant Or Right [Line Items]
Alternative investment, measurement input	0.8
Series A Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Class Of Warrant Or Right [Line Items]
Alternative investment, measurement input	0
Common Class A [Member]
Class Of Warrant Or Right [Line Items]
Warrants issued to purchase stock	9,583,709
Purchasers [Member] | Common Class A [Member] | Private Placement Warrant [Member]
Class Of Warrant Or Right [Line Items]
Warrants outstanding	5,288,885
Purchasers [Member] | Series A Convertible Redeemable Preferred Stock [Member] | Private Placement Warrant [Member]
Class Of Warrant Or Right [Line Items]
Warrants outstanding	5,288,885
Warrants issued to purchase stock	5,288,885

Warrant Liabilities (Details)

Warrant Liabilities (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	$ 8,775	$ 1,619
Public Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	1,799	254
Private Placement Warrant [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	1,825	248
Series A Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	5,151	1,117
Quoted Prices in Active Markets (Level 1) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	1,799	254
Quoted Prices in Active Markets (Level 1) [Member] | Public Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	1,799	254
Other Observable Inputs (Level 2) [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	6,976	1,365
Other Observable Inputs (Level 2) [Member] | Private Placement Warrant [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	1,825	248
Other Observable Inputs (Level 2) [Member] | Series A Warrants [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities, fair value	$ 5,151	$ 1,117

Warrant Liabilities (Details 1)

Warrant Liabilities (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Warrants And Rights Note Disclosure [Abstract]
Balance at beginning of period	$ 1,619	$ 8,147
Change in fair value of warrant liabilities	7,151	(6,553)
Amortization of warrant issuance costs	5	5
Balance at end of period	$ 8,775	$ 1,599

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - Premium Finance Agreement [Member] $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Short Term Debt [Line Items]
Short term debt, term	the Company entered into various insurance premium finance agreements amounting to $9.1 million, payable in equal monthly installments at a weighted average interest rate of 5.4%. These premium finance agreements are due within one year and are recorded as notes payable under current liabilities in the condensed consolidated balance sheets.
Aggregate amount of premiums financed	$ 9.1
Insurance premium interest rate	5.40%
Insurance premium payment term	payable in equal monthly installments
insurance premium maturity period	1 year

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Capital leases	$ 879	$ 229
Total debt principal balance	328,765	315,051
Unamortized discount on debt and debt issuance costs	(12,381)	(17,576)
Current maturities	(13,782)	(13,573)
Net Long-term debt	302,602	283,902
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Credit Facility	245,000	246,250
ABL Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility	35,884	23,710
PPP Loan [Member]
Debt Instrument [Line Items]
Credit Facility	10,000	10,000
USDA Loan [Member]
Debt Instrument [Line Items]
Credit Facility	25,000	21,996
Equipment Financing [Member]
Debt Instrument [Line Items]
Credit Facility	$ 12,002	$ 12,866

Debt (Details Narrative)

Debt (Details Narrative) - ABL Credit Facility [Member]	Mar. 31, 2021USD ($)
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 50,000,000
Outstanding revolver loan	$ 35,900,000

Debt - (Details Narrative 1)

Debt - (Details Narrative 1) - USD ($)	Dec. 12, 2020	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Nov. 30, 2020
Debt Instrument [Line Items]
Proceeds from revolving credit facility			$ 21,174,000		$ 9,476,000
USDA Loan [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						$ 25,000,000
Line of credit facility, interest rate	5.75%
Line of credit facility, interest rate description			Interest payments are due monthly at the interest rate of 5.75% per annum beginning on December 12, 2020 but principal payments are not required until December 12, 2023.
Proceeds from revolving credit facility		$ 3,000,000		$ 22,000,000

Debt (Details 1)

Debt (Details 1) $ in Thousands	Mar. 31, 2021USD ($)
Debt Disclosure [Abstract]
Remainder of 2021	$ 11,572
2022	10,186
2023	9,408
2024	9,940
2025	269,081
Thereafter	18,578
Principal Amount of Long-term Debt	$ 328,765

Mezzanine Equity (Details Narra

Mezzanine Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 28, 2021	Mar. 31, 2021	Dec. 31, 2020
Series A Convertible Redeemable Preferred Stock Converted to Class A Common Stock [Member]
Temporary Equity [Line Items]
Number of shares issued upon conversion		9,329,921
Series B Convertible Redeemable Preferred Stock Converted to Class A Common Stock [Member]
Temporary Equity [Line Items]
Number of shares issued upon conversion		77,965,385
Series A Redeemable Convertible Preferred Stock [Member]
Temporary Equity [Line Items]
Mezzanine Equity, par value		$ 0.0001
Number of shares outstanding		50,000	50,000
Dividends accrued on preferred stock		$ 12,200
Series A Redeemable Convertible Preferred Stock [Member] | Purchasers [Member]
Temporary Equity [Line Items]
Number of additional warrants issued to the purchasers		444,444
Series B Convertible Redeemable Preferred Stock [Member]
Temporary Equity [Line Items]
Mezzanine Equity, par value		$ 0.0001	$ 0.0001
Number of shares outstanding		21,288	22,050
Dividends accrued on preferred stock		$ 711
Conversion of Series B preferred stock to Class A common stock, shares	762	762
Conversion of Series B preferred stock to Class A common stock, reduction in carrying value	$ 800	$ (797)
Dividends accrued on preferred stock		$ 2,800
Common Class A [Member]
Temporary Equity [Line Items]
Number of Class A common stock converted from accrued dividends	2,745,778	2,745,778

Mezzanine Equity (Details)

Mezzanine Equity (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 28, 2021	Mar. 31, 2021
Series A Redeemable Convertible Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock as of December 31, 2020, shares		50,000
Preferred stock as of December 31, 2020		$ 50,975
Deemed and imputed dividends on Series A preferred stock		464
Accrued preferred stock dividends		$ 1,813
Preferred stock as of March 31, 2021, shares		50,000
Preferred stock as of March 31, 2021		$ 53,252
Series B Convertible Redeemable Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock as of December 31, 2020, shares		22,050
Preferred stock as of December 31, 2020		$ 22,686
Conversion of Series B preferred stock to Class A common stock, shares	(762)	(762)
Conversion of Series B preferred stock to Class A common stock	$ 800	$ (797)
Accrued preferred stock dividends		$ 711
Preferred stock as of March 31, 2021, shares		21,288
Preferred stock as of March 31, 2021		$ 22,600

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Mar. 19, 2021	Jun. 26, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Class Of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share			$ 0.0001
Preferred stock, authorized			10,000,000
Common Class A [Member]
Class Of Stock [Line Items]
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, authorized			400,000,000	400,000,000
Common stock, issued			90,068,356	72,515,342
Common stock, outstanding			90,068,356	72,515,342	62,355,657	62,857,624
Conversion of Class B common stock to Class A common stock (in shares)			2,302,936
Common Class A [Member] | ATM Agreement [Member]
Class Of Stock [Line Items]
Shares issued			12,624,657
Net proceeds			$10.7
Payments for commission			$0.3
Common Class A [Member] | ATM Agreement [Member] | Piper Sandler & Co. [Member]
Class Of Stock [Line Items]
Common Stock, Shares Authorized	$ 10,300,000
Common stock, additional shares authorized	$ 39,700,000
Common Class A [Member] | ATM Agreement [Member] | Piper Sandler & Co. [Member] | Maximum [Member]
Class Of Stock [Line Items]
Sale of common stock commission on gross sale price		3.00%
Common Class A [Member] | Stock Price Equaled or Exceeded 12.00 [Member]
Class Of Stock [Line Items]
Common stock, shares outstanding subject to cancellation			1,000,000
Closing price per share			$ 12
Common stock maximum trading period			30 days
Common Class A [Member] | Stock Price 13.50 [Member]
Class Of Stock [Line Items]
Common stock, shares outstanding subject to cancellation			609,677
Closing price per share			$ 13.50
Common Class B [Member]
Class Of Stock [Line Items]
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, authorized			20,000,000	20,000,000
Common stock, issued			0	2,302,936
Common stock, outstanding			0	2,302,936	5,500,692	5,500,692
Common stock, voting rights			one
Conversion of Class B common stock to Class A common stock (in shares)			(2,302,936)

Earnings (Loss) Per Share - (De

Earnings (Loss) Per Share - (Details Narrative) - shares	Nov. 09, 2024	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share Basic [Line Items]
Basic and diluted net income (loss) per share excludes the income (loss) attributable and shares associated to cancellation		1,609,677	1,609,677
Class A Common Stock [Member] | Scenario, Forecast [Member]
Earnings Per Share Basic [Line Items]
Basic and diluted net income (loss) per share excludes the income (loss) attributable and shares associated to cancellation	1,609,677

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Basic Net Income (Loss) Per Share
Net loss attributable to U.S. Well Services, Inc.	$ (20,566)	$ (165,818)
Net loss attributable to cancellable Class A common stock	411	4,432
Basic net loss attributable to U.S. Well Services, Inc. shareholders	(20,155)	(161,386)
Deemed and imputed dividends on Series A preferred stock	(464)	(6,972)
Basic net loss attributable to U.S. Well Services, Inc. Class A common shareholders	$ (27,311)	$ (170,109)
Weighted average shares outstanding	80,586,777	60,229,277
Cancellable Class A common stock	(1,609,677)	(1,609,677)
Basic and diluted weighted average shares outstanding	78,977,100	58,619,600
Basic and diluted net income (loss) per share attributable to Class A common shareholders	$ (0.35)	$ (2.90)
Series A Convertible Redeemable Preferred Stock [Member]
Basic Net Income (Loss) Per Share
Dividends accrued on preferred stock	$ (1,813)	$ (1,751)
Deemed and imputed dividends on Series A preferred stock	(464)	$ (6,972)
Series B Convertible Redeemable Preferred Stock [Member]
Basic Net Income (Loss) Per Share
Dividends accrued on preferred stock	(711)
Deemed and imputed dividends on Series A preferred stock	$ (4,168)

Earnings (Loss) Per Share (De_2

Earnings (Loss) Per Share (Details1) - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	123,160,998	33,396,522
Anti-dilutive Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	877,266	924,990
Anti-dilutive Warrants [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	14,872,594	16,169,539
Anti-dilutive Restricted Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	1,079,249	1,685,686
Anti-dilutive Deferred Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	8,911,858
Anti-dilutive Pool B Awards [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	10,124,725
Anti-dilutive Class B Common Stock Convertible into Class A Common Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive		5,500,692
Anti-dilutive Series A Preferred Stock Convertible into Class A Common Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	9,329,921	9,115,615
Anti-dilutive Series B Preferred Stock Convertible into Class A Common Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities excluded as anti-dilutive	77,965,385

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 1,651	$ 2,078
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	825	1,824
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	214	$ 254
DSUs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	246
Pool A awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	86
Pool B Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 280

Share-Based Compensation (Paren

Share-Based Compensation (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 1,651	$ 2,078
Cost of Services [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	198	918
Selling, General and Administrative Expenses [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation expense	$ 1,453	$ 1,160

Share-Based Compensation (Det_2

Share-Based Compensation (Details 1) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested shares, Beginning balance | shares	1,449,287
Unvested shares, Vested | shares	(353,378)
Unvested shares, Forfeited | shares	(16,660)
Unvested shares, Ending balance | shares	1,079,249
Weighted-average grant-date fair value per share at beginning of period | $ / shares	$ 8.85
Weighted-average grant-date fair value per share, Vested | $ / shares	8.91
Weighted-average grant-date fair value per share, Forfeited | $ / shares	8.91
Weighted-average grant-date fair value per share at end of period | $ / shares	$ 8.83

Share-Based Compensation (Det_3

Share-Based Compensation (Details Narrative) - USD ($)	Jan. 01, 2021	Mar. 31, 2021
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation to be recognized		$ 6,400,000
Period for recognition of unrecognized compensation cost		1 year 10 months 28 days
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation to be recognized		$ 1,700,000
Period for recognition of unrecognized compensation cost		2 years
Anti-dilutive Deferred Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Period for recognition of unrecognized compensation cost		1 year 9 months
Stock-based compensation to be recognized		$ 1,700,000
Pool A Performance Award [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of award liability		2,414
Additional compensation cost		$ 100,000
Pool B Performance Award [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Period for recognition of unrecognized compensation cost		1 year 9 months
Stock-based compensation to be recognized		$ 2,000,000
Ratio of fair value of award vested		one-third
Fair value of award vested	$ 1,100,000
Fair value of award unvested		$ 2,200,000

Share-Based Compensation (Det_4

Share-Based Compensation (Details 2) - Stock Options [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares, Beginning balance	877,266
Number of shares, Ending balance	877,266	877,266
Number of shares, Exercisable	438,633
Weighted average exercise price, Beginning of period	$ 8.91
Weighted average exercise price, Ending of period	8.91	$ 8.91
Weighted average exercise price, Exercisable	$ 8.91
Weighted average remaining contractual term	4 years 11 months 15 days	5 years 2 months 15 days
Weighted average remaining contractual term, Exercisable	4 years 11 months 15 days

Share-Based Compensation (Det_5

Share-Based Compensation (Details 3) - Anti-dilutive Deferred Stock Units [Member]	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested shares, Beginning balance | shares	8,911,858
Unvested shares, Vested | shares	(2,970,619)
Unvested shares, Ending balance | shares	5,941,239
Weighted-average grant-date fair value per share at beginning of period | $ / shares	$ 0.33
Weighted-average grant-date fair value per share, Vested | $ / shares	0.33
Weighted-average grant-date fair value per share at end of period | $ / shares	$ 0.33

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Mar. 27, 2020	Mar. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Effective tax rate on continuing operations		0.00%
Uncertain tax positions		$ 0	$ 0
CARES Act [Member]
Income Taxes [Line Items]
Net operating loss, amount claim for refund	$ 800,000
Net operating loss carryback description	The CARES Act contains several corporate income tax provisions, including, among other things, providing a 5-year carryback of net operating loss (“NOL”) tax carryforwards generated in tax years 2018, 2019, and 2020, removing the 80% taxable income limitation on utilization of those NOLs if carried back to prior tax years or utilized in tax years beginning before 2021, temporarily liberalizing the interest deductions rules under Section 163(j) of the Tax Cuts and Jobs Act of 2017, and making corporate alternative minimum tax credits immediately refundable.
Net operating loss carryforwards, percentage of taxable income limitation removed	80.00%
Net operating loss tax carryforwards, carryback period		5 years

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Loss Contingencies [Line Items]
Contracted volumes	$ 12
Purchase Obligation	10
Rent expense	0.3	$ 0.7
Future minimum lease payment related to capital leases due	0.9
Future minimum lease payment related to capital leases due in the remainder of 2021	0.2
Future minimum lease payment related to capital leases due in the year 2022	0.2
Future minimum lease payment related to capital leases due in the year 2023	0.2
Future minimum lease payment related to capital leases due in the year 2024	0.2
Future minimum lease payment related to capital leases due in the year 2025	0.1
Estimated claims incurred, but not reported	0.5		$ 0.2
Cost of Services [Member]
Loss Contingencies [Line Items]
Rent expense	0.2	0.5
Selling, General and Administrative Expenses [Member]
Loss Contingencies [Line Items]
Rent expense	$ 0.1	$ 0.2
Minimum [Member]
Loss Contingencies [Line Items]
Term of operating leases for facilities	24 months
Maximum [Member]
Loss Contingencies [Line Items]
Term of operating leases for facilities	76 months
Pending Litigation [Member]
Loss Contingencies [Line Items]
Damage claims	$ 54

Commitments and Contingencies -

Commitments and Contingencies - (Details) $ in Thousands	Mar. 31, 2021USD ($)
Commitments And Contingencies Disclosure [Abstract]
Remainder of 2021	$ 772
2022	828
2023	308
2024	258
2025	67
Total minimum future rentals	$ 2,233

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ in Millions	Apr. 26, 2021	Apr. 23, 2021	Mar. 31, 2021
Subsequent Event [Line Items]
Accounts receivable wrote off			$ 12
Claim Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Business combination, consideration transferred		$ 14.5
Business combination, consideration amount received	$ 2.5
Accounts receivable wrote off		$ 12