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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table shows the Company's revenue disaggregated by product or service type for the three and six months ended June 30, 2019 and 2018:

			Three months ended June 30,																		Six months ended June 30,
			(in thousands)																		(in thousands)
			2019						2018						2019						2018
Compressors - sales			$	4,788					$	4,735					$	7,496					$	6,564
Flares - sales			106						969						541						1,491
Other (Parts/Rebuilds) - sales			920						679						1,902						1,326
Service and maintenance			509						394						988						643
Total revenue from contracts with customers			6,323						6,777						10,927						10,024
Add: non-ASC 606 rental revenue			13,572						11,427						26,959						22,898
Total revenue			$	19,895					$	18,204					$	37,886					$	32,922

Schedule of Contract with Customer, Asset and Liability

As of June 30, 2019 and December 31, 2018, we had the following receivables and deferred income from contracts with customers:

			June 30, 2019						December 31, 2018
			(in thousands)
Accounts Receivable
Accounts receivable - contracts with customers			$	5,458					$	2,250
Accounts receivable - non-ASC 606			6,258						5,260
Total Accounts Receivable			$	11,716					$	7,510
Less: Allowance for doubtful accounts			(333)						(291)
Total Accounts Receivable, net			$	11,383					$	7,219
Deferred income			$	113					$	81

Cumulative Effect of Changes from Adoption of ASU

The cumulative effect of the changes made to our consolidated balance sheet at January 1, 2019, for the adoption of ASU 2016-02, Leases, was as follows (in thousands):

			Balance at December 31, 2018						Adjustments due to ASU 2016-02						Balance at January 1, 2019
Balance Sheet
Assets
Right of use assets			$	—					$	451					$	451
Liabilities
Current portion of operating leases			$	—					$	126					$	126
Long term portion of operating leases			—						325						325
Total lease liabilities			$	—					$	451					$	451

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Tabular disclosure of contract balances and changes in contract balances.

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-Publisher FASB
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