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ACCRUED CLOSURE COSTS AND ARO | 12 Months Ended
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Dec. 31, 2023
Asset Retirement Obligation Disclosure [Abstract] |
ACCRUED CLOSURE COSTS AND ARO | NOTE 12 ACCRUED CLOSURE COSTS AND ARO Accrued closure costs represent our estimated environmental liability to clean up our fixed-based regulated facilities as required by our permits, in the event of closure. Changes to reported closure liabilities (current and long-term) for the years ended December 31, 2023, and 2022, were as follows: SCHEDULE OF CHANGE IN ASSET RETIREMENT OBLIGATION
Amounts in thousands |  |  |
Balance as of December 31, 2021 |  | $ | 7,191 |
Accretion expense |  |  | 411 |
Addition to closure liability |  |  | 1,339 |
Spending |  |  | (975 | )
Balance as of December 31, 2022 |  | $ | 7,966 |
Accretion expense |  |  | 462 |
Spending |  |  | (298 | )
Balance as of December 31, 2023 |  | $ | 8,130 |
In 2022, the Company recorded a total of approximately $1,339,000 in additional estimated closure liabilities of which approximately $465,000 (within long-term) was recorded in connection with the footprint expansion at one of our facilities and an update to a processing enclosure area at another facility. The remaining additional closure liabilities was recorded for our EWOC facility for decommissioning activities due to changes in estimated closure costs. As of December 31, 2023, and December 31, 2022, the current portion of the closure liabilities totaled approximately $79,000 and $682,000, respectively, which reflect closure liabilities for our EWOC facility. The spending made in each of the years 2023 and 2022 was primarily for our EWOC facility. The reported closure asset or ARO, is reported as a component of “Net Property and equipment” in the Consolidated Balance Sheets as of December 31, 2023, and 2022 with the following activity for the years ended December 31, 2023, and 2022: SCHEDULE OF ASSET RETIREMENT OBLIGATIONS
Amounts in thousands |  |  |
Balance as of December 31, 2021 |  | $ | 3,576 |
Addition to closure and post-closure asset |  |  | 1,128 |
Amortization of closure and post-closure asset |  |  | (603 | )
Balance as of December 31, 2022 |  | $ | 4,101 |
Amortization of closure and post-closure asset |  |  | (878 | )
Balance as of December 31, 2023 |  | $ | 3,223 |
The addition to ARO in 2022 reflects closure obligations as discussed above.

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-2 + Details
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