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Contract Assets (Tables)

12 Months Ended

Dec. 31, 2024

Revenue Recognition [Abstract]

Schedule of Outstanding Contract Assets

Contract assets are as follows (in thousands):

			December 31, 2024						December 31, 2023
Contract assets			$	83,060					$	83,060
Less accumulated amortization			(14,016)						(8,404)
Contract assets, net			69,044						74,656
Less current contract assets			(5,939)						(5,836)
Contract assets, long term			$	63,105					$	68,820

The below table reflects our estimated amortization per year (in thousands) based on the Company’s current forecasted revenues from the ProFrac Agreement.

Years ending December 31,						Amortization
2025						$	5,939
2026						8,729
2027						10,358
2028						10,358
2029						10,358
Thereafter through May 2032						23,302
Total contract assets						$	69,044

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- References

No definition available.

+ Details

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