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Trade Accounts Receivable | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Trade Accounts Receivable | Trade Accounts Receivable The following table summarizes our trade accounts receivable from customers as of the dates presented:
| March 31, |  | December 31,
| 2025 |  | 2024
Trade accounts receivable |  |  |
Rentals | $ | 14,339 |  |  | $ | 14,218 |
Sales and aftermarket services | 1,624 |  |  | 2,657 |
| 15,963 |  |  | 16,875 |
Less: Allowance for credit losses | (548) |  |  | (1,249) |
Total trade accounts receivable, net | $ | 15,415 |  |  | $ | 15,626 |
Our trade accounts receivable consist of customer obligations due under normal trade terms for (i) operating leases for the use of our compressor equipment, (ii) the sale of compressors and related equipment and (iii) the performance of aftermarket services. Major Customers and Concentration of Credit Risk Rental revenue and sales from Occidental Permian, LTD. (“Oxy”) in the three months ended March 31, 2025 and 2024 amounted to 46 percent and 51 percent of revenue, respectively. No other single customer accounted for more than 10 percent of our revenues during these periods. Likewise, Oxy’s accounts receivable balances amounted to 47 percent and 52 percent of our accounts receivable as of March 31, 2025, and December 31, 2024, respectively. No other customers amounted to more than 10 percent of our accounts receivable as of these dates. Allowance for Credit Losses The following table summarizes the changes in our allowance for credit losses for the periods presented:
| Three months ended |  | Year ended
| March 31, |  | December 31,
| 2025 |  | 2024
Beginning balance | $ | 1,249 |  |  | $ | 823 |
Provision for credit losses | 208 |  |  | 433 |
Write-offs | (909) |  |  | (7) |
Ending balance | $ | 548 |  |  | $ | 1,249 |
Management believes that the allowance is adequate; however, actual write-offs may exceed the recorded allowance. The substantial write-off of the allowance for credit losses during the three months ended March 31, 2025 reflects certain aged receivables that are no longer deemed collectible.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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