Enservco (ENSV) 10-Q 15 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 13, 2024
Document Information [Line Items]
Entity Central Index Key	0000319458
Entity Registrant Name	Enservco Corporation
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-36335
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-0811316
Entity Address, Address Line One	14133 Country Road 9 1/2
Entity Address, City or Town	Longmont
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80504
City Area Code	303
Local Phone Number	333-3678
Title of 12(b) Security	Common stock
Trading Symbol	ENSV
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,636,500

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 474,000	$ 201,000
Accounts receivable, net	4,248,000	4,190,000
Prepaid expenses and other current assets	870,000	1,047,000
Inventories	219,000	209,000
Note receivable	75,000	75,000
Total Current Assets	5,886,000	5,722,000
Property and equipment, net	6,235,000	6,923,000
Intangible assets, net	67,000	0
Right-of-use asset - finance, net	6,000	9,000
Right-of-use asset - operating, net	759,000	891,000
Note receivable, less current portion	125,000	144,000
Other assets	182,000	183,000
Total Assets	13,260,000	13,872,000
Current Liabilities:
Accounts Payable and Accrued Liabilities, Current	3,104,000	4,285,000
Lease liability - finance	6,000	10,000
Lease liability - operating	395,000	441,000
Other current liabilities	200,000	198,000
Total Current Liabilities	10,867,000	10,028,000
Lease liability - finance, less current portion	10,000	6,000
Lease liability - operating, less current portion	436,000	528,000
Deferred tax liabilities	222,000	222,000
Other non-current liabilities	7,000	58,000
Total Liabilities	12,910,000	14,444,000
Commitments and Contingencies
Stockholders' Equity (Deficit):
Preferred stock, $0.005 par value, 10,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.005 par value, 100,000,000 shares authorized; 27,362,742 and 26,592,637 shares issued as of March 31, 2024 and December 31, 2023, respectively; 6,907 shares of treasury stock as of March 31, 2024 and December 31, 2023; and 27,355,835 and 26,585,730 shares outstanding as of March 31, 2024 and December 31, 2023, respectively	135,000	131,000
Additional paid-in capital	49,148,000	48,970,000
Accumulated deficit	(48,933,000)	(49,673,000)
Total Stockholders' Equity (Deficit)	350,000	(572,000)
Total Liabilities and Stockholders' Equity (Deficit)	13,260,000	13,872,000
March 2022 Convertible Note [Member] | Related Party [Member]
Current Liabilities:
Notes payable, current	1,079,000	1,027,000
September and October 2023 Convertible Note [Member] | Related Party [Member]
Current Liabilities:
Notes payable, current	1,660,000	0
Notes payable, noncurrent	0	1,656,000
Utica [Member]
Current Liabilities:
Current portion of long-term debt	1,684,000	1,595,000
Long-term debt, less current portion	1,075,000	1,690,000
Utica Residual Liability	293,000	256,000
L S Q [Member]
Current Liabilities:
Current portion of long-term debt	$ 2,739,000	$ 2,472,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Preferred stock, par value (in dollars per share)	$ 0.005	$ 0.005
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	27,362,742	26,592,637
Common stock, shares outstanding (in shares)	27,355,835	26,585,730
Treasury stock, shares (in shares)	6,907	6,907

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Revenue	$ 9,792,000	$ 8,912,000
Expenses:
Cost of revenue	6,531,000	6,897,000
Sales, general, and administrative	1,232,000	1,503,000
Severance and transition	0	1,000
Gain on disposal of assets	0	(1,000)
Depreciation and amortization	767,000	971,000
Total operating expenses	8,530,000	9,371,000
Income (loss) from operations	1,262,000	(459,000)
Other (expense) income:
Interest expense	(578,000)	(590,000)
Other income	56,000	29,000
Total other expense, net	(522,000)	(561,000)
Income (loss) before taxes	740,000	(1,020,000)
Deferred income tax benefit	0	16,000
Net income (loss)	$ 740,000	$ (1,004,000)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.03	$ (0.07)
Diluted (in dollars per share)	$ 0.03	$ (0.07)
Weighted average number of common shares outstanding:
Basic (in shares)	26,934	14,808
Diluted (in shares)	30,284	14,808
Production Services [Member]
Revenues:
Revenue	$ 2,485,000	$ 2,863,000
Expenses:
Cost of revenue	2,121,000	2,317,000
Depreciation and amortization	306,000	349,000
Completion Services [Member]
Revenues:
Revenue	7,307,000	6,049,000
Expenses:
Cost of revenue	4,410,000	4,580,000
Depreciation and amortization	$ 444,000	$ 409,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Shares Issued With February 2023 Offering Member] Common Stock Outstanding [Member]	Shares Issued With February 2023 Offering Member] Additional Paid-in Capital [Member]	Shares Issued With February 2023 Offering Member] Retained Earnings [Member]	Shares Issued With February 2023 Offering Member]	Warrants Issued With February 2023 Offering [Member] Common Stock Outstanding [Member]	Warrants Issued With February 2023 Offering [Member] Additional Paid-in Capital [Member]	Warrants Issued With February 2023 Offering [Member] Retained Earnings [Member]	Warrants Issued With February 2023 Offering [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2022									11,829
Balance at Dec. 31, 2022									$ 59,000	$ 42,266,000	$ (41,156,000)	$ 1,169,000
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition									$ 0	44,000	0	44,000
Restricted share issuance (in shares)									60
Restricted share issuance									$ 0	92,000	0	92,000
Restricted share cancellation (in shares)									(25)
Restricted share cancellation									$ 0	0	0	0
Shares issued to Cross River Partners, L.P. in connection with partial conversion of March 2022 Convertible Note (in shares)									2,275
Shares issued to Cross River Partners, L.P. in connection with partial conversion of March 2022 Convertible Note									$ 11,000	1,040,000	0	1,051,000
Shares issued in February 2023 Offering, net of offering costs (in shares)	3,900
Shares issued in February 2023 Offering, net of offering costs	$ 20,000	$ 964,000	$ 0	$ 984,000
Warrants Issued					$ 0	$ 1,968,000	$ 0	$ 1,968,000
Net Income (Loss) Attributable to Parent									0	0	(1,004,000)	(1,004,000)
Net income									$ 0	0	(1,004,000)	(1,004,000)
Balance (in shares) at Mar. 31, 2023									18,039
Balance at Mar. 31, 2023									$ 90,000	46,374,000	(42,160,000)	4,304,000
Balance (in shares) at Dec. 31, 2023									26,586
Balance at Dec. 31, 2023									$ 131,000	48,970,000	(49,673,000)	(572,000)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition									$ 0	16,000	0	16,000
Restricted share issuance (in shares)									476
Restricted share issuance									$ 2,000	58,000	0	60,000
Net Income (Loss) Attributable to Parent									$ 0	0	740,000	740,000
Shares issued through release of OilServ, LLC indemnification provisions (in shares)									294
Shares issued through release of OilServ, LLC indemnification provisions									$ 2,000	104,000	0	106,000
Net income									$ 0	0	740,000	740,000
Balance (in shares) at Mar. 31, 2024									27,356
Balance at Mar. 31, 2024									$ 135,000	$ 49,148,000	$ (48,933,000)	$ 350,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities:
Net income	$ 740,000	$ (1,004,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	767,000	971,000
Gain on disposal of assets	0	(1,000)
Stock-based compensation	76,000	196,000
LSQ Facility interest paid-in-kind	126,000	0
Amortization of debt issuance costs and discount	77,000	70,000
Deferred income tax benefit	0	(16,000)
Changes in operating assets and liabilities:
Accounts receivable	(58,000)	243,000
Inventories	(10,000)	(1,000)
Prepaid expense and other current assets	178,000	481,000
Amortization of operating lease assets	132,000	139,000
Other assets	1,000	17,000
Accounts payable and accrued liabilities	(924,000)	(1,189,000)
Operating lease liabilities	(138,000)	(143,000)
Other liabilities	92,000	(242,000)
Net cash provided by (used in) operating activities	1,059,000	(479,000)
Investing Activities:
Purchases of property and equipment	(77,000)	(49,000)
Proceeds from disposals of property and equipment	0	9,000
Purchase of intangible	(67,000)	0
Collections on note receivable	19,000	25,000
Net cash used in investing activities	(125,000)	(15,000)
Financing Activities:
Repayments of long-term debt	0	(15,000)
Payments on financed insurance	(256,000)	(79,000)
Net cash (used in) provided by financing activities	(661,000)	2,230,000
Net Increase in Cash and Cash Equivalents	273,000	1,736,000
Cash and Cash Equivalents, beginning of period	201,000	35,000
Cash and Cash Equivalents, end of period	474,000	1,771,000
Supplemental Cash Flow Information:
Cash paid for interest	256,000	312,000
March 2022 Convertible Note Into Common Stock [Member]
Non-Cash Investing and Financing Activities:
Partial conversion of March 2022 Convertible Note to equity	0	1,051,000
L S Q [Member]
Financing Activities:
Net line of credit repayments	140,000	(334,000)
Utica [Member]
Financing Activities:
Net line of credit repayments	(545,000)	(294,000)
The February 2023 Public Offering [Member]
Financing Activities:
Proceeds from February 2023 Offering, net	$ 0	$ 2,952,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 Enservco Corporation ("Enservco") through its wholly-owned subsidiary (collectively referred to as the "Company", "we" or "us") provides various services to the domestic onshore oil and natural gas industry. These services include hot oiling and acidizing ("Production Services") and frac water heating ("Completion and Other Services"). The accompanying unaudited condensed consolidated financial statements have been derived from the accounting records of Enservco and its wholly-owned subsidiary, Heat Waves Hot Oil Service LLC ("Heat Waves"), (collectively, the "Company"). The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles for interim financial information and with the instructions to Form 10 8 X. not not The accompanying unaudited condensed consolidated financial statements were prepared in accordance with GAAP and follow the same accounting policies and methods of their application as the most recent annual financial statements. These interim financial statements should be read in conjunction with the financial statements and related footnotes included in the Annual Report on Form 10 December 31, 2023.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 2 – Summary of Significant Accounting Policies Going Concern Our condensed consolidated financial statements have been prepared on the going concern basis, which contemplates the continuity of normal business activities and the realization of assets and settlement of liabilities in the normal course of business. For the three March 31, 2024, three March 31, 2023, March 31, 2024, 2022, $2.0 2023. twelve 10 We utilize a cash forecast model to evaluate the ability of future cash flows to fund continuing operations. We analyze projected cash flows to determine if they are sufficient to fund the operations and obligations of the Company for a period of time that extends twelve may no Pending Acquisition of Buckshot Trucking LLC On March 19, 2024, 10 The issuance of the Enservco common stock pursuant to the Buckshot Purchase Agreement is subject to the prior approval or consent of the holders of a majority of the outstanding shares of Enservco common stock. On May 9, 2024 Additional information about the pending Buckshot Acquisition is set forth in our Current Report on Form 8 March 25, 2024. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three two may Accounts Receivable Accounts receivable are stated at the amounts billed to customers, net of an allowance for credit losses. We make estimates of expected credit and collectability trends for the allowance for credit losses based upon our assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may March 31, 2024 December 31, 2023, three March 31, 2024 2023, not Concentrations Revenues from two customers represented 10% three March 31, 2024. 10% three March 31, 2023. March 31, 2024, 10% 32% December 31, 2023, 10% Inventories Inventories consist primarily of propane, diesel fuel and chemicals that are used in the servicing of oil wells and are carried at the lower of cost or net realizable value in accordance with the first first three March 31, 2024 2023, not Property and Equipment Property and equipment is stated at cost less accumulated depreciation. The Company charges repairs and maintenance against income when incurred and capitalizes renewals and betterments which extend the remaining useful life or expand the capacity or efficiency of the assets. Depreciation is recorded on a straight-line basis over estimated useful lives ranging from five thirty When property and equipment is either sold or disposed of, the cost and related accumulated depreciation of the property and equipment sold or disposed is removed from the accounting records. Any difference between the net book value of the property and equipment and the proceeds of the assets' sale, or settlement of an insurance claim, is recorded as a gain or loss in the Company’s condensed consolidated statements of operations. Leases The Company conducts a major part of its operations from leased facilities. Each of these leases is accounted for as an operating lease. The Company leases trucks and equipment in the normal course of business, which may Lease assets and liabilities are initially recognized based on the present value of the future minimum lease payments over the lease term at the lease start date. When our leases do not Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not three March 31, 2024 2023, Assets Held for Sale The Company classifies long-lived assets intended to be sold as held for sale in the period in which all of the following criteria are met: ( 1 2 3 4 one one 5 6 We initially measure a long-lived asset or disposal group that is classified as held for sale at the lower of carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not not three March 31, 2024 2023, Upon determining that a long-lived asset or disposal group meets the criteria to be classified as held for sale, the Company ceases depreciation and reports long-lived assets and/or the assets and liabilities of the disposal group, if material, in the line item "Assets held for sale" in our condensed consolidated balance sheets. Business Combinations The Company follows the guidance provided for under Accounting Standards Codification ("ASC") 805 Business Combinations 805” 805. Revenue Recognition The Company evaluates revenue when we can identify the contract with the customer, the performance obligations in the contract, the transaction price, and we are certain that the performance obligations have been met. Revenue is recognized when the service has been provided to the customer. Most of the Company's services and product offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is generally thirty sixty no The Company’s agreements with its customers are often referred to as "price sheets" and sometimes provide pricing for multiple services. However, these agreements generally do not not Revenue is recognized for certain projects that take more than one Earnings (Loss) Per Share Basic earnings per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net income (loss) by the diluted weighted average number of common shares outstanding for the period. The diluted weighted average number of common shares outstanding for the period is computed using the treasury stock method for Company common stock that may For the three March 31, 2024, three March 31, 2024, September October 2023 Note 5 three March 31, 2023, three March 31 2023, 260 10 45 13, three March 31, 2023 The following table presents the reconciliation of basic to diluted weighted average number of common shares outstanding used in computing earnings per common share for the period presented (in thousands): For the Three Months Ended March 31, 2024 Weighted average number of common shares outstanding, basic 26,934 Add: September and October 2023 Convertible Notes common stock equivalents 3,350 Weighted average number of common shares outstanding, diluted 30,284 Income Taxes The Company recognizes deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities will be recognized in income in the period that includes the enactment date. A deferred tax asset or liability that is not not The Company accounts for any uncertainty in income taxes by recognizing the tax benefit from an uncertain tax position only if, in the Company’s opinion, it is more likely than not Interest and penalties associated with tax positions are recorded in the period assessed as "Other expense" in the condensed consolidated statements of operations. The Company files income tax returns in the United States of America ("USA") and in the states in which it conducts its business operations. The Company ’s USA federal income tax filings for tax year s 2020 2023 2019 2023. Fair Value The fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, rather than the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three three Level 1: Quoted prices are available in active markets for identical assets or liabilities; Level 2: Quoted prices in active markets for similar assets and liabilities that are observable for the asset or liability; or Level 3: Unobservable pricing inputs that are generally less observable from objective sources, such as discounted cash flow models or valuations. Financial and non-financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company did not three March 31, 2024 2023. As of March 31, 2024 2023, no When an assessment for impairment is required for its long-lived assets, the Company assesses the recoverability using the lowest level of cash flows taking into consideration timing and appropriate discount rates. When appropriate, market comparables may may not The Company valued its warrants and stock options using the Black-Scholes model for prior reporting periods. The Company did not three March 31, 2024. Stock-based Compensation Stock-based compensation cost is measured at the date of grant, based on the calculated fair value of the award as described below, and is recognized over the requisite service period, which is generally the vesting period of the equity grant. The Company uses the Black-Scholes pricing model as a method for determining the estimated grant date fair value for all options awarded to employees, independent contractors, officers, and directors. The expected term of the options is based upon evaluation of historical and expected exercise behavior. The risk-free interest rate is based upon USA Treasury rates at the date of grant with maturity dates approximately equal to the expected life of the grant. Volatility is determined upon historical volatility of our stock and adjusted if future volatility is expected to vary from historical experience. The dividend yield is assumed to be zero not Management Estimates The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the realization of accounts receivable, useful lives of long-lived assets, evaluation of impairment of long-lived assets, stock-based compensation expense, income tax provisions and the valuation of deferred taxes. Actual results could differ from those estimates. Contingent Liabilities From time-to-time, the Company will have contingent liabilities that arise in the course of business, usually as it pertains to certain lawsuits in which the Company is involved. When a future contingent liability becomes both probable and estimable, the Company will record a liability for the estimated amount, as well as any offsetting receivables in the event the claim is probable to be covered by an insurance policy. In the event there is a range of outcomes and no Classification and Valuation of Warrants The Company analyzes warrant instruments to determine the classification of the warrants as liabilities or equity. The Company's issued warrants are all classified as permanent equity. The Company used a Black-Scholes model to determine the fair value of certain warrants. The expected term used was the remaining contractual term. Expected volatility was based upon historical volatility over a term consistent with the remaining term. The risk-free interest rate was derived from the yield on zero Reclassifications Certain prior period amounts may presentation. These reclassifications have no Recently Adopted Accounting Pronouncements In June 2016, 2016 13, Financial Statements - Credit Losses (Topic 326 December 15, 2022. 2016 13 2023 not

Note 3 - Property and Equipment

Note 3 - Property and Equipment	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 3 – Property and Equipment Property and equipment consist of the following (in thousands): March 31, 2024 December 31, 2023 Trucks and vehicles $ 48,099 $ 48,036 Other equipment 1,859 1,859 Buildings and improvements 632 619 Total property and equipment 50,590 50,514 Accumulated depreciation (44,355 ) (43,591 ) Property and equipment, net $ 6,235 $ 6,923 For the three March 31, 2024 2023,

Note 4 - Intangible Assets

Note 4 - Intangible Assets	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 4 The components of our intangible assets are as follows (in thousands): March 31, 2024 December 31, 2023 Customer relationships $ 626 $ 626 Patents and trademarks 441 441 Software 67 - Total intangible assets 1,134 1,067 Accumulated amortization (1,067 ) (1,067 ) Net carrying value $ 67 $ - The useful lives of our intangible assets were estimated to be between three five three March 31, 2024 2023 The following table represents the amortization expense for the next twelve March 31 ( 2025 2026 2027 2028 Customer relationships $ - $ - $ - $ - Patents and trademarks - - - - Software 11 22 22 12 Total intangible asset amortization expense $ 11 $ 22 $ 22 $ 12

Note 5 - Debt

Note 5 - Debt	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 5 – Debt Notes Payable Long-term debt consists of the following (in thousands): March 31, 2024 December 31, 2023 Utica Facility $ 2,840 $ 3,388 LSQ Facility 2,739 2,472 November 2022 Convertible Note with related party 1,200 1,200 September and October 2023 Convertible Notes with related parties 1,675 1,675 Total long-term debt 8,454 8,735 Less debt discount and debt issuance costs (217 ) (295 ) Less current portion (7,298 ) (5,267 ) Long-term debt, net of debt discount, debt issuance costs and current portion $ 939 $ 3,173 Aggregate contractual principal maturities of debt for the twelve March 31 are as follows (in thousands): 2025 $ 7,298 2026 1,156 Total $ 8,454 Refinancing On March 24, 2022, 2017 March 18, 2022 2017 five April 2023. As part of the Refinancing, Heat Waves entered into a Master Lease Agreement (the "Utica Facility") with Utica Leaseco, LLC ("Utica"), pursuant to which Utica provided an equipment-collateralized loan to the Company in the amount of $6.225 million. Under the Utica Facility, the Company is required to make fifty-one March 31, 2024 January 1 July 1, July 1, 2022. fifty-one Further, as part of the Refinancing, Heat Waves entered into an Invoice Purchase Agreement (the "Receivables Financing" or "LSQ Facility," and together with the Utica Facility, the "2022 eighteen one The Utica Facility and the LSQ Facility are subject to an Intercreditor Agreement dated on or about March 24, 2022 Subordinated Debt with Related Parties On September 22, 2022, November 3, 2022, "November 2022 five may not November 2022 two March 30, 2023 November 2022 November 2022 two December 13, 2022, one two November 22, 2023, second On September 1, 2023, On September 11, 2023, September 1, 2023 “September October 2023 September September October 2023 eighteen December 31, 2023. first five 5 December 31, 2023. March 31, 2024, ten 10 September October 2023 may not 75% September October 2023 September October 2023 If the Company closes on a new offering of equity securities (the “Equity Financing”) of a minimum of $5,000,000 before the maturity date mentioned above, then, subject to any NYSE American shareholder approval requirements, the principal amount, together with all accrued but unpaid interest of the September October 2023 September October 2023 may may If a change of control of the Company or a sale of a substantial portion of any of its assets occurs prior to the maturity date mentioned above, the holder may five 5 In October 2023, September 2023 September October 2023 September October 2023 October 2023, September October 2023 In April 2024, April 2024 March 2024 March 31, 2024. Debt Discount and Debt Issuance Costs We capitalized certain debt discount and debt issuance costs incurred in connection with the various debt facilities executed by the Company. These costs were amortized to interest expense over the terms of the facilities on a straight-line basis. The remaining balance of the unamortized debt discount and debt issuance costs was $217,000 as of March 31, 2024. three March 31, 2024 2023,

Note 6 - Income Taxes

Note 6 - Income Taxes	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 6 – Income Taxes Income tax expense during interim periods is based on applying an estimated annual effective income tax rate to year-to-date income, plus any significant unusual or infrequently occurring items which are recorded in the interim period. The provision for income taxes for the three March 31, 2024 2023 -tax income primarily because of state income taxes and estimated permanent differences. Based on management's judgement, the Company estimated that as of March 31, 2024 not three March 31, 2024. three March 31, 2023,

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 7 – Commitments and Contingencies As of March 31, 2024 , the Company leases facilities and certain office equipment under lease commitments that expire throu June 2026. u twelve March 31 are as follows (in thousands): Operating Leases Finance Leases 2025 $ 435 $ 16 2026 364 - 2027 90 - Total future lease payments 889 16 Less: imputed interest (58 ) - Discounted value of lease obligations $ 831 $ 16 The following table summarizes the components of our gross operating and finance lease costs (in thousands): For the Three Months Ended March 31, 2024 2023 Operating lease cost: Current lease cost $ 65 $ 24 Long-term lease cost 146 163 Total operating lease cost $ 211 $ 187 Finance lease cost: Amortization of right-of-use assets $ 3 $ 3 Interest on lease liabilities - - Total finance lease cost $ 3 $ 3 Our weighted-average lease term and discount rate used for leases were as follows: For the Three Months Ended March 31, 2024 2023 Operating: Weighted-average lease term (years) 2.09 2.72 Weighted-average discount rate 6.40 % 6.39 % Finance: Weighted-average lease term (years) 0.59 1.48 Weighted-average discount rate 5.59 % 5.59 % Litigation On May 22, 2022, 10 2021 November 28, 2022, Jan February 10, 2023, March 4, 2024, May 2022 two March 21, 2024, no

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Equity [Text Block]	Note 8 Warrants A summary of warrant activity for the three months ended March 31, 2024 Weighted Average Weighted Average Remaining Shares Exercise Price Contractual Life (Years) Outstanding as of December 31, 2023 11,160,805 $ 0.95 3.95 Outstanding as of March 31, 2024 11,160,805 $ 0.95 3.70 Exercisable as of March 31, 2024 11,160,805 $ 0.95 3.70 NYSE Regulation Notice of Noncompliance On May 2, 2023, December 31, 2022 not 1003 1003 1003 1009 June 9, 2024 January 10, 2023, June 9, 2024, February 14, 2023. If the Company is not June 9, 2024 not no

Note 9 - Restricted Stock and S

Note 9 - Restricted Stock and Stock Options	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 9 Restricted Stock Restricted shares issued pursuant to restricted stock awards are restricted as to sale or disposition. These restrictions lapse periodically, generally over a period of three may not A summary of the restricted stock activity is presented below: Shares Weighted Average Grant Fair Value Restricted shares as of December 31, 2023 115,000 $ 2.68 Granted 476,192 0.25 Vested (115,000 ) 2.68 Restricted shares as of March 31, 2024 476,192 $ 0.25 The Company granted 476,192 restricted shares to members of the Board of Directors as compensation for Board services and recognized expense of $60,000 related to the award of these shares in "Sales, general, and administrative" expenses in the condensed consolidated statements of operations during the three March 31, 2024. March 31, 2024, three 2024 three March 31, 2023, Compensation cost is revised if subsequent information indicates that the actual number of restricted stock vested due to service is likely to differ from previous estimates. Stock Options On July 18, 2016, 2016 "2016 September 29, 2016. March 31, 2024, 2016 On September 11, 2023, January 1, 2024, January 1, 2025. three March 31, 2024. March 31, 2024, nine

Note 10 - Segment Reporting

Note 10 - Segment Reporting	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 10 – Segment Reporting Enservco’s reportable operating segments are "Production Services" and "Completion and Other Services." These segments have been selected based on management’s resource allocation and performance assessment in making decisions regarding the Company. The following is a description of the segments. Production Services This segment utilizes a fleet of hot oiling trucks and acidizing units to provide maintenance services to the domestic oil and gas industry. These services include hot oiling services and acidizing services. Hot oiling is utilized by customers to remove paraffins from wellbores, pipes and vessels. Acidizing services are utilized by customers to clean reservoir surfaces and increase flow rates. Completion and Other Services This segment utilizes a fleet of specialized heating units to provide frac water heating services and related support services to the domestic oil and gas industry. These services also include other services for other industries, which consist primarily of hauling and transport of materials and heat treating for customers. Frac water heating is utilized by customers during the completion of oil and gas wells. Unallocated This segment includes general overhead expenses and assets associated with managing all reportable operating segments which have not The following tables set forth certain financial information with respect to Enservco’s reportable segments (in thousands): Production Services Completion and Other Services Unallocated Total For the Three Months Ended March 31, 2024: Revenues $ 2,485 $ 7,307 $ - $ 9,792 Cost of revenues 2,121 4,410 - 6,531 Segment profit $ 364 $ 2,897 $ - $ 3,261 Depreciation and amortization $ 306 $ 444 $ 17 $ 767 Capital expenditures $ 31 $ 46 $ - $ 77 Identifiable assets (1) $ 4,752 $ 6,903 $ 468 $ 12,123 For the Three Months Ended March 31, 2023: Revenues $ 2,863 $ 6,049 $ - $ 8,912 Cost of revenues 2,317 4,580 - 6,897 Segment profit $ 546 $ 1,469 $ - $ 2,015 Depreciation and amortization $ 349 $ 409 $ 213 $ 971 Capital expenditures $ 23 $ 26 $ - $ 49 Identifiable assets (1) $ 7,540 $ 8,847 $ 1,897 $ 18,284 Note to tables: ( 1 Identifiable assets is calculated by summing the balances of net cash, accounts receivable, net; inventories; property and equipment, net; net right-of-use lease assets; assets held for sale; and other assets. The following table reconciles segment profit reported above to the loss from operations reported in the condensed consolidated statements of operations (in thousands): For the Three Months Ended March 31 , 2024 2023 Segment profit $ 3,261 $ 2,015 Sales, general, and administrative (1,232 ) (1,503 ) Severance and transition - (1 ) Gain on disposal of assets - 1 Depreciation and amortization (767 ) (971 ) Income (loss) from operations $ 1,262 $ (459 )

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. None
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Going Concern, Policy [Policy Text Block]	Going Concern Our condensed consolidated financial statements have been prepared on the going concern basis, which contemplates the continuity of normal business activities and the realization of assets and settlement of liabilities in the normal course of business. For the three March 31, 2024, three March 31, 2023, March 31, 2024, 2022, $2.0 2023. twelve 10 We utilize a cash forecast model to evaluate the ability of future cash flows to fund continuing operations. We analyze projected cash flows to determine if they are sufficient to fund the operations and obligations of the Company for a period of time that extends twelve may no Pending Acquisition of Buckshot Trucking LLC On March 19, 2024, 10 The issuance of the Enservco common stock pursuant to the Buckshot Purchase Agreement is subject to the prior approval or consent of the holders of a majority of the outstanding shares of Enservco common stock. On May 9, 2024 Additional information about the pending Buckshot Acquisition is set forth in our Current Report on Form 8 March 25, 2024.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three two may
Accounts Receivable [Policy Text Block]	Accounts Receivable Accounts receivable are stated at the amounts billed to customers, net of an allowance for credit losses. We make estimates of expected credit and collectability trends for the allowance for credit losses based upon our assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may March 31, 2024 December 31, 2023, three March 31, 2024 2023, not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations Revenues from two customers represented 10% three March 31, 2024. 10% three March 31, 2023. March 31, 2024, 10% 32% December 31, 2023, 10%
Inventory, Policy [Policy Text Block]	Inventories Inventories consist primarily of propane, diesel fuel and chemicals that are used in the servicing of oil wells and are carried at the lower of cost or net realizable value in accordance with the first first three March 31, 2024 2023, not
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment is stated at cost less accumulated depreciation. The Company charges repairs and maintenance against income when incurred and capitalizes renewals and betterments which extend the remaining useful life or expand the capacity or efficiency of the assets. Depreciation is recorded on a straight-line basis over estimated useful lives ranging from five thirty When property and equipment is either sold or disposed of, the cost and related accumulated depreciation of the property and equipment sold or disposed is removed from the accounting records. Any difference between the net book value of the property and equipment and the proceeds of the assets' sale, or settlement of an insurance claim, is recorded as a gain or loss in the Company’s condensed consolidated statements of operations.
Lessee, Leases [Policy Text Block]	Leases The Company conducts a major part of its operations from leased facilities. Each of these leases is accounted for as an operating lease. The Company leases trucks and equipment in the normal course of business, which may Lease assets and liabilities are initially recognized based on the present value of the future minimum lease payments over the lease term at the lease start date. When our leases do not
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not three March 31, 2024 2023, Assets Held for Sale The Company classifies long-lived assets intended to be sold as held for sale in the period in which all of the following criteria are met: ( 1 2 3 4 one one 5 6 We initially measure a long-lived asset or disposal group that is classified as held for sale at the lower of carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not not three March 31, 2024 2023, Upon determining that a long-lived asset or disposal group meets the criteria to be classified as held for sale, the Company ceases depreciation and reports long-lived assets and/or the assets and liabilities of the disposal group, if material, in the line item "Assets held for sale" in our condensed consolidated balance sheets.
Business Combinations Policy [Policy Text Block]	Business Combinations The Company follows the guidance provided for under Accounting Standards Codification ("ASC") 805 Business Combinations 805” 805.
Revenue [Policy Text Block]	Revenue Recognition The Company evaluates revenue when we can identify the contract with the customer, the performance obligations in the contract, the transaction price, and we are certain that the performance obligations have been met. Revenue is recognized when the service has been provided to the customer. Most of the Company's services and product offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is generally thirty sixty no The Company’s agreements with its customers are often referred to as "price sheets" and sometimes provide pricing for multiple services. However, these agreements generally do not not Revenue is recognized for certain projects that take more than one
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) Per Share Basic earnings per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net income (loss) by the diluted weighted average number of common shares outstanding for the period. The diluted weighted average number of common shares outstanding for the period is computed using the treasury stock method for Company common stock that may For the three March 31, 2024, three March 31, 2024, September October 2023 Note 5 three March 31, 2023, three March 31 2023, 260 10 45 13, three March 31, 2023 The following table presents the reconciliation of basic to diluted weighted average number of common shares outstanding used in computing earnings per common share for the period presented (in thousands): For the Three Months Ended March 31, 2024 Weighted average number of common shares outstanding, basic 26,934 Add: September and October 2023 Convertible Notes common stock equivalents 3,350 Weighted average number of common shares outstanding, diluted 30,284
Income Tax, Policy [Policy Text Block]	Income Taxes The Company recognizes deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the condensed consolidated financial statements that will result in taxable or deductible amounts in future years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities will be recognized in income in the period that includes the enactment date. A deferred tax asset or liability that is not not The Company accounts for any uncertainty in income taxes by recognizing the tax benefit from an uncertain tax position only if, in the Company’s opinion, it is more likely than not Interest and penalties associated with tax positions are recorded in the period assessed as "Other expense" in the condensed consolidated statements of operations. The Company files income tax returns in the United States of America ("USA") and in the states in which it conducts its business operations. The Company ’s USA federal income tax filings for tax year s 2020 2023 2019 2023.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value The fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, rather than the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three three Level 1: Quoted prices are available in active markets for identical assets or liabilities; Level 2: Quoted prices in active markets for similar assets and liabilities that are observable for the asset or liability; or Level 3: Unobservable pricing inputs that are generally less observable from objective sources, such as discounted cash flow models or valuations. Financial and non-financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company did not three March 31, 2024 2023. As of March 31, 2024 2023, no When an assessment for impairment is required for its long-lived assets, the Company assesses the recoverability using the lowest level of cash flows taking into consideration timing and appropriate discount rates. When appropriate, market comparables may may not The Company valued its warrants and stock options using the Black-Scholes model for prior reporting periods. The Company did not three March 31, 2024.
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation Stock-based compensation cost is measured at the date of grant, based on the calculated fair value of the award as described below, and is recognized over the requisite service period, which is generally the vesting period of the equity grant. The Company uses the Black-Scholes pricing model as a method for determining the estimated grant date fair value for all options awarded to employees, independent contractors, officers, and directors. The expected term of the options is based upon evaluation of historical and expected exercise behavior. The risk-free interest rate is based upon USA Treasury rates at the date of grant with maturity dates approximately equal to the expected life of the grant. Volatility is determined upon historical volatility of our stock and adjusted if future volatility is expected to vary from historical experience. The dividend yield is assumed to be zero not
Use of Estimates, Policy [Policy Text Block]	Management Estimates The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the realization of accounts receivable, useful lives of long-lived assets, evaluation of impairment of long-lived assets, stock-based compensation expense, income tax provisions and the valuation of deferred taxes. Actual results could differ from those estimates.
Commitments and Contingencies, Policy [Policy Text Block]	Contingent Liabilities From time-to-time, the Company will have contingent liabilities that arise in the course of business, usually as it pertains to certain lawsuits in which the Company is involved. When a future contingent liability becomes both probable and estimable, the Company will record a liability for the estimated amount, as well as any offsetting receivables in the event the claim is probable to be covered by an insurance policy. In the event there is a range of outcomes and no
Classification and Valuation of Warrants [Policy Text Block]	Classification and Valuation of Warrants The Company analyzes warrant instruments to determine the classification of the warrants as liabilities or equity. The Company's issued warrants are all classified as permanent equity. The Company used a Black-Scholes model to determine the fair value of certain warrants. The expected term used was the remaining contractual term. Expected volatility was based upon historical volatility over a term consistent with the remaining term. The risk-free interest rate was derived from the yield on zero
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain prior period amounts may presentation. These reclassifications have no
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Pronouncements In June 2016, 2016 13, Financial Statements - Credit Losses (Topic 326 December 15, 2022. 2016 13 2023 not

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	For the Three Months Ended March 31, 2024 Weighted average number of common shares outstanding, basic 26,934 Add: September and October 2023 Convertible Notes common stock equivalents 3,350 Weighted average number of common shares outstanding, diluted 30,284

Note 3 - Property and Equipme_2

Note 3 - Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	March 31, 2024 December 31, 2023 Trucks and vehicles $ 48,099 $ 48,036 Other equipment 1,859 1,859 Buildings and improvements 632 619 Total property and equipment 50,590 50,514 Accumulated depreciation (44,355 ) (43,591 ) Property and equipment, net $ 6,235 $ 6,923

Note 4 - Intangible Assets (Tab

Note 4 - Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	March 31, 2024 December 31, 2023 Customer relationships $ 626 $ 626 Patents and trademarks 441 441 Software 67 - Total intangible assets 1,134 1,067 Accumulated amortization (1,067 ) (1,067 ) Net carrying value $ 67 $ -
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2025 2026 2027 2028 Customer relationships $ - $ - $ - $ - Patents and trademarks - - - - Software 11 22 22 12 Total intangible asset amortization expense $ 11 $ 22 $ 22 $ 12

Note 5 - Debt (Tables)

Note 5 - Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	March 31, 2024 December 31, 2023 Utica Facility $ 2,840 $ 3,388 LSQ Facility 2,739 2,472 November 2022 Convertible Note with related party 1,200 1,200 September and October 2023 Convertible Notes with related parties 1,675 1,675 Total long-term debt 8,454 8,735 Less debt discount and debt issuance costs (217 ) (295 ) Less current portion (7,298 ) (5,267 ) Long-term debt, net of debt discount, debt issuance costs and current portion $ 939 $ 3,173
Schedule of Maturities of Long-Term Debt [Table Text Block]	2025 $ 7,298 2026 1,156 Total $ 8,454

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating Leases Finance Leases 2025 $ 435 $ 16 2026 364 - 2027 90 - Total future lease payments 889 16 Less: imputed interest (58 ) - Discounted value of lease obligations $ 831 $ 16
Lease, Cost [Table Text Block]	For the Three Months Ended March 31, 2024 2023 Operating lease cost: Current lease cost $ 65 $ 24 Long-term lease cost 146 163 Total operating lease cost $ 211 $ 187 Finance lease cost: Amortization of right-of-use assets $ 3 $ 3 Interest on lease liabilities - - Total finance lease cost $ 3 $ 3 For the Three Months Ended March 31, 2024 2023 Operating: Weighted-average lease term (years) 2.09 2.72 Weighted-average discount rate 6.40 % 6.39 % Finance: Weighted-average lease term (years) 0.59 1.48 Weighted-average discount rate 5.59 % 5.59 %

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Weighted Average Weighted Average Remaining Shares Exercise Price Contractual Life (Years) Outstanding as of December 31, 2023 11,160,805 $ 0.95 3.95 Outstanding as of March 31, 2024 11,160,805 $ 0.95 3.70 Exercisable as of March 31, 2024 11,160,805 $ 0.95 3.70

Note 9 - Restricted Stock and_2

Note 9 - Restricted Stock and Stock Options (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Nonvested Share Activity [Table Text Block]	Shares Weighted Average Grant Fair Value Restricted shares as of December 31, 2023 115,000 $ 2.68 Granted 476,192 0.25 Vested (115,000 ) 2.68 Restricted shares as of March 31, 2024 476,192 $ 0.25

Note 10 - Segment Reporting (Ta

Note 10 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Production Services Completion and Other Services Unallocated Total For the Three Months Ended March 31, 2024: Revenues $ 2,485 $ 7,307 $ - $ 9,792 Cost of revenues 2,121 4,410 - 6,531 Segment profit $ 364 $ 2,897 $ - $ 3,261 Depreciation and amortization $ 306 $ 444 $ 17 $ 767 Capital expenditures $ 31 $ 46 $ - $ 77 Identifiable assets (1) $ 4,752 $ 6,903 $ 468 $ 12,123 For the Three Months Ended March 31, 2023: Revenues $ 2,863 $ 6,049 $ - $ 8,912 Cost of revenues 2,317 4,580 - 6,897 Segment profit $ 546 $ 1,469 $ - $ 2,015 Depreciation and amortization $ 349 $ 409 $ 213 $ 971 Capital expenditures $ 23 $ 26 $ - $ 49 Identifiable assets (1) $ 7,540 $ 8,847 $ 1,897 $ 18,284 For the Three Months Ended March 31 , 2024 2023 Segment profit $ 3,261 $ 2,015 Sales, general, and administrative (1,232 ) (1,503 ) Severance and transition - (1 ) Gain on disposal of assets - 1 Depreciation and amortization (767 ) (971 ) Income (loss) from operations $ 1,262 $ (459 )

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual)		3 Months Ended		12 Months Ended
	Mar. 19, 2024 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Operating Income (Loss)		$ 1,262,000	$ (459,000)
Net Income (Loss) Attributable to Parent		740,000	(1,004,000)
Cash and Cash Equivalents, at Carrying Value		474,000		$ 201,000
Working Capital Deficit		5
Accounts Receivable, Allowance for Credit Loss, Current		100,000		$ 100,000
Accounts Receivable, Credit Loss Expense (Reversal)		0	0
Inventory Write-down		0	0
Impairment, Long-Lived Asset, Held-for-Use		0	0
Impairment of Long-Lived Assets to be Disposed of		$ 0	$ 0
Domestic Tax Jurisdiction [Member]
Open Tax Year		2020 2021 2022 2023
State and Local Jurisdiction [Member]
Open Tax Year		2019 2020 2021 2022 2023
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		30 years
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers		2	1
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Concentration Risk, Percentage		33%	45%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Concentration Risk, Percentage		23%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers		2		2
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Concentration Risk, Percentage		32%		50%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Concentration Risk, Percentage		24%		18%
Buckshot Trucking [Member]
Business Combination, Consideration Transferred	$ 5,000,000
Business Combination, Contingent Consideration, Liability	500,000
Payments to Acquire Businesses, Gross	3,750,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,250,000

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Reconciliation of Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic (in shares)	26,934	14,808
September and October 2023 Convertible Notes common stock equivalents (in shares)	3,350
Weighted average number of common shares outstanding, diluted (in shares)	30,284	14,808

Note 3 - Property and Equipme_3

Note 3 - Property and Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Depreciation	$ 764,000	$ 914,000

Note 3 - Property and Equipme_4

Note 3 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property and equipment, gross	$ 50,590	$ 50,514
Accumulated depreciation	(44,355)	(43,591)
Property and equipment, net	6,235	6,923
Vehicles [Member]
Property and equipment, gross	48,099	48,036
Property, Plant and Equipment, Other Types [Member]
Property and equipment, gross	1,859	1,859
Building and Building Improvements [Member]
Property and equipment, gross	$ 632	$ 619

Note 4 - Intangible Assets (Det

Note 4 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Amortization of Intangible Assets	$ 0	$ 54,000
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years

Note 4 - Intangible Assets - Co

Note 4 - Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Intangible assets, gross	$ 1,134	$ 1,067
Accumulated amortization	(1,067)	(1,067)
Net carrying value	67	0
Customer Relationships [Member]
Intangible assets, gross	626	626
Intellectual Property [Member]
Intangible assets, gross	441	441
Computer Software, Intangible Asset [Member]
Intangible assets, gross	$ 67	$ 0

Note 4 - Intangible Assets - Am

Note 4 - Intangible Assets - Amortization Expense (Details) $ in Thousands	Mar. 31, 2024 USD ($)
2025	$ 11
2026	22
2027	22
2028	12
Customer Relationships [Member]
2025	0
2026	0
2027	0
2028	0
Patents and Trademarks [Member]
2025	0
2026	0
2027	0
2028	0
Computer Software, Intangible Asset [Member]
2025	11
2026	22
2027	22
2028	$ 12

Note 5 - Debt (Details Textual)

Note 5 - Debt (Details Textual)

1 Months Ended

3 Months Ended

Sep. 11, 2023 USD ($) d $ / shares

Nov. 03, 2022 USD ($) $ / shares shares

Mar. 24, 2022 USD ($)

Mar. 18, 2022 USD ($)

Apr. 30, 2024 USD ($)

Oct. 31, 2023 USD ($)

Mar. 31, 2024 USD ($) $ / shares

Mar. 31, 2023 USD ($)

Dec. 31, 2023 USD ($) $ / shares

Sep. 01, 2023 USD ($)

Apr. 30, 2023 USD ($)

Dec. 13, 2022 USD ($)

Sep. 22, 2022 USD ($)

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 0.95

$ 0.95

Proceeds From Financed Insurance

$ 373,000

Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net

217,000

$ 295,000

Interest Expense, Debt

77,000

$ 70,000

Subsequent Event [Member]

Proceeds From Financed Insurance

$ 1,500,000

Chief Executive Officer [Member]

Proceeds from Convertible Debt

$ 100,000

Conversion of New Convertible Notes into Equity [Member]

Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares

$ 0.5

Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger

25%

Conversion of New Convertible Notes into Equity [Member] | Common Stock [Member]

Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares

$ 0.5

Conversion of New Convertible Notes into Equity [Member] | Scenario, Plan [Member]

Stock Issued During Period, Value, Conversion of Convertible Securities

$ 5,000,000

Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger

25%

Debt Instrument, Convertible, Premium as A Percentage of Outstanding Principal

25%

Debt Instrument, Convertible, Threshold Trading Days (Day) | d

5

One Parcels of Real Property in North Dakota [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]

Disposal Group, Including Discontinued Operation, Consideration

$ 550,000

Cross River Warrants [Member]

Warrants and Rights Outstanding, Term (Year)

5 years

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

568,720

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 2.11

Heat Waves Hot Oil Service LLC at Colorado [Member]

Maximum Percentage on Advance to Accounts Receivable Factored

85%

Maximum Amount on Advance to Accounts Receivable Factored

$ 10,000,000

Receivable Fee, Percentage of Receivable Purchased in Addition to Fund Usage Daily Fee

0.10%

Funds Usage Daily Fee, Percentage

0.021%

Utica Leaseco, LLC [Member] | Master Lease Agreement [Member] | Heat Waves Hot Oil Service LLC at Colorado [Member]

Debt Instrument, Face Amount

$ 6.225

Debt Instrument, Term (Month)

51 months

Debt Instrument, Periodic Payment, Total

$ 168,075

$ 203,000

Debt Instrument, Surcharge Percentage Per Month

1%

Debt Instrument, Percentage That Exceeds Prime Rate for Surcharge

0.25%

Debt Instrument, Minimum Prime Rate Percentage That Triggers Surcharge

3.25%

Debt Instrument, Covenant, Option, Payment of Lease Facility in Exchange for Reduced Payment schedule

$ 1,000,000

Utica Leaseco, LLC [Member] | Master Lease Agreement [Member] | Heat Waves Hot Oil Service LLC at Colorado [Member] | Minimum [Member]

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid, Percentage of Principle

1%

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 62,250

Utica Leaseco, LLC [Member] | Master Lease Agreement [Member] | Heat Waves Hot Oil Service LLC at Colorado [Member] | Maximum [Member]

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid, Percentage of Principle

10%

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

$ 622,500

Cross River [Member]

Debt Instrument, Interest Rate, Stated Percentage

16%

The 2022 Refinancing Agreement [Member] | East West Bank [Member] | Revolving Credit Facility [Member]

Repayments of Lines of Credit

$ 8,400,000

Lines of Credit, Percentage of Net Proceeds From Receivables Financing, Payments for Refinancing.

5%

Lines of Credit, Value of Net Proceeds From Receivables Financing, Payments for Refinancing

$ 1,000,000

The 2017 Credit Agreement [Member] | East West Bank [Member] | Revolving Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,000,000

Cross River Revolver [Member] | Cross River [Member]

Debt Instrument, Face Amount

$ 750,000

Cross River Exchange Note [Member] | Cross River [Member]

Payment of Financing and Stock Issuance Costs, Total

$ 450,000

November 2022 Convertible Note [Member] | Cross River [Member]

Debt Instrument, Face Amount

$ 1,200,000

Debt Instrument, Term (Month)

2 years

Debt Instrument, Interest Rate, Stated Percentage

10%

Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares

$ 2.11

November 2022 Convertible Note [Member] | Cross River [Member] | Minimum [Member]

Debt Instrument Convertible, Price Per Share, Minimum Equity Offering Amount Received

$ 2,000,000

Cross River Convertible Notes [Member]

Debt Instrument, Face Amount

$ 750,000

$ 750,000

Proceeds from Convertible Debt

150,000

Chesser Convertible Note [Member]

Debt Instrument, Face Amount

50,000

$ 50,000

Angel Capital Convertible Note [Member]

Debt Instrument, Face Amount

125,000

Proceeds from Convertible Debt

125,000

Equigen Convertible Note [Member]

Debt Instrument, Face Amount

$ 187,500

Proceeds from Convertible Debt

$ 187,500

Note 5 - Debt - Summary of Long

Note 5 - Debt - Summary of Long-term Debt (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Long-term debt	$ 8,454,000	$ 8,735,000
Less debt discount and debt issuance costs	(217,000)	(295,000)
Less current portion	(7,298,000)	(5,267,000)
Long-term debt, net of debt discount, debt issuance costs and current portion	939,000	3,173,000
March 2022 Convertible Note [Member]
Long-term debt	1,200,000	1,200,000
September and October 2023 Convertible Note [Member]
Long-term debt	1,675,000	1,675,000
Utica Leaseco, LLC [Member]
Long-term debt	2,840,000	3,388,000
L S Q [Member]
Long-term debt	$ 2,739,000	$ 2,472,000

Note 5 - Debt - Summary of Matu

Note 5 - Debt - Summary of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
2025	$ 7,298
2026	1,156
Total	$ 8,454	$ 8,735

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent (Rate)	21%	21%
Deferred Income Tax Liabilities, Net	$ 222,000		$ 222,000
Income Tax Provision, Before Adjustment	$ 0	$ 16,000

Note 7 - Commitments and Cont_3

Note 7 - Commitments and Contingencies (Details Textual)	Mar. 04, 2024
Number of Officers Involved in Class Action Complaint	2
Number of Days for Class Action Appeal (Day)	0 days

Note 7 - Commitments and Cont_4

Note 7 - Commitments and Contingencies - Future Minimum Lease Commitments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
2025, operating leases	$ 435
2025, finance leases	16
2026, operating leases	364
2026, finance leases	0
2027, operating leases	90
2027, finance leases	0
Total future lease payments, operating leases	889
Total future lease payments, finance leases	16
Less: imputed interest, operating leases	(58)
Less: imputed interest, finance leases	0
Discounted value of lease obligations, operating leases	831
Discounted value of lease obligations, finance leases	$ 16

Note 7 - Commitments and Cont_5

Note 7 - Commitments and Contingencies - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Current lease cost	$ 65	$ 24
Long-term lease cost	146	163
Total operating lease cost	211	187
Amortization of right-of-use assets	3	3
Interest on lease liabilities	0	0
Total finance lease cost	$ 3	$ 3
Weighted-average lease term (years), operating (Year)	2 years 1 month 2 days		2 years 8 months 19 days
Weighted-average discount rate, operating	6.40%		6.39%
Weighted-average lease term (years), financing (Year)	7 months 2 days		1 year 5 months 23 days
Weighted-average discount rate, financing	5.59%		5.59%

Note 8 - Stockholders' Equity_2

Note 8 - Stockholders' Equity (Details Textual) $ in Millions	May 02, 2023 USD ($)
New York Stock Exchange, Required Equity Balance	$ 2

Note 8 - Stockholders' Equity -

Note 8 - Stockholders' Equity - Summary of Warrant Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Outstanding (in shares)	11,160,805	11,160,805
Outstanding, weighted average exercise price (in dollars per share)	$ 0.95	$ 0.95
Outstanding, weighted average remaining contractual life (Year)	3 years 8 months 12 days	3 years 11 months 12 days
Exercisable (in shares)	11,160,805
Exercisable, weighted average exercise price (in dollars per share)	$ 0.95
Exercisable, weighted average remaining contractual life (Year)	3 years 8 months 12 days

Note 9 - Restricted Stock and_3

Note 9 - Restricted Stock and Stock Options (Details Textual) - USD ($)		3 Months Ended
	Sep. 11, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement, Employee [Member]
Share-Based Payment Arrangement, Expense		$ 16,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 50,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	500,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 0.41
Share-Based Payment Arrangement, Employee [Member] | Vesting January 1, 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	50%
The 2016 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)		250,000
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense			$ 196,000
Director [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)		476,192
Share-Based Payment Arrangement, Expense		$ 60,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 60,000

Note 9 - Restricted Stock and_4

Note 9 - Restricted Stock and Stock Options - Summary of Restricted Stock Options (Details) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Balance, Restricted shares (in shares) | shares	115,000
Balance, Restricted shares, Weighted average grant date fair value (in dollars per share) | $ / shares	$ 2.68
Granted, Restricted shares (in shares) | shares	476,192
Granted, Restricted shares, Weighted average grant date fair value (in dollars per share) | $ / shares	$ 0.25
Vested, non-vested (in shares) | shares	(115,000)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 2.68
Balance, Restricted shares (in shares) | shares	476,192
Balance, Restricted shares, Weighted average grant date fair value (in dollars per share) | $ / shares	$ 0.25

Note 10 - Segment Reporting - R

Note 10 - Segment Reporting - Reportable Segments (Details) - USD ($)		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Revenues		$ 9,792,000	$ 8,912,000
Cost of revenues		6,531,000	6,897,000
Segment profit		3,261,000	2,015,000
Depreciation and amortization		767,000	971,000
Capital expenditures		77,000	49,000
Identifiable assets	[1]	12,123,000	18,284,000
Sales, general, and administrative		(1,232,000)	(1,503,000)
Severance and transition		0	(1,000)
Gain on disposal of assets		0	1,000
Depreciation and amortization		(767,000)	(971,000)
Operating Income (Loss)		1,262,000	(459,000)
Production Services [Member]
Revenues		2,485,000	2,863,000
Cost of revenues		2,121,000	2,317,000
Segment profit		364,000	546,000
Depreciation and amortization		306,000	349,000
Capital expenditures		31,000	23,000
Identifiable assets	[1]	4,752,000	7,540,000
Depreciation and amortization		(306,000)	(349,000)
Completion Services [Member]
Revenues		7,307,000	6,049,000
Cost of revenues		4,410,000	4,580,000
Segment profit		2,897,000	1,469,000
Depreciation and amortization		444,000	409,000
Capital expenditures		46,000	26,000
Identifiable assets	[1]	6,903,000	8,847,000
Depreciation and amortization		(444,000)	(409,000)
Unallocated and Other Segments [Member]
Revenues		0	0
Cost of revenues		0	0
Segment profit		0	0
Depreciation and amortization		17,000	213,000
Capital expenditures		0	0
Identifiable assets	[1]	468,000	1,897,000
Depreciation and amortization		$ (17,000)	$ (213,000)
[1]Identifiable assets is calculated by summing the balances of accounts receivable, net; inventories; property and equipment, net; net right-of-use lease assets; assets held for sale; and other assets.