XML 41 R26.htm IDEA: XBRL DOCUMENT v3.21.1

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Allowance for Doubtful Accounts

A summary of our allowance for doubtful accounts is as follows:

			Year Ended December 31,
($ in thousands)			2020						2019
Beginning balance			$	(918)					$	(291)
Accruals			(329)						(664)
Recoveries			—						—
Write-offs			86						37
Ending balance			$	(1,161)					$	(918)

Disaggregation of Revenue

The following table shows the Company's revenue disaggregated by product or service type for the years ended:

			Year Ended December 31,
			2020						2019
			(in thousands)
Compressors - sales			$	2,211					$	15,185
Flares - sales			489						959
Other (Parts/Rebuilds) - sales			2,957						3,619
Service and maintenance			1,572						1,980
Total revenue from contracts with customers			7,229						21,743
Add: ASC 842 rental revenue			60,826						56,701
Total revenue			$	68,055					$	78,444

Contract with Customer, Asset and Liability

As of December 31, 2020 and 2019, we had the following receivables and deferred income from contracts with customers:

			December 31,
			2020						2019
			(in thousands)
Accounts Receivable
Accounts receivable - contracts with customers			$	3,243					$	3,061
Accounts receivable - ASC 842			9,802						6,963
Total Accounts Receivable			13,045						10,024
Less: Allowance for doubtful accounts			(1,161)						(918)
Total Accounts Receivable, net			11,884						9,106
Deferred income			$	1,103					$	640

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 ASC 842 was as follows:

			Balance at December 31, 2018						Adjustments due to ASC 842						Balance at January 1, 2019
			(in thousands)
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

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

+ Details

Name:	us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

+ Details

Name:	us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration