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Spin-off of Apergy Corporation (Tables) | 12 Months Ended
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Dec. 31, 2020
Planned Spin-Off [Abstract] |
Assets and Liabilities of Apergy Upon Spin Off [Table Text Block] | The following is a summary of the assets and liabilities transferred to Apergy as part of the separation on May 9, 2018:
Assets: |  |
Cash and cash equivalents |  | $ | 10,357 |
Current assets |  | 462,620 |
Non-current assets |  | 1,438,760 |
|  | $ | 1,911,737 |
Liabilities: |  |
Current liabilities |  | $ | 185,354 |
Non-current liabilities |  | 119,568 |
|  | $ | 304,922 |
Net assets distributed to Apergy Corporation |  | $ | 1,606,815 |
Less: Cash received from Apergy Corporation |  | 700,000 |
Net distribution to Apergy Corporation |  | $ | 906,815 |

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