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Commitments and Contingencies
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Future Minimum Commitments
The Company is obligated under certain contracts for minimum payments for the right to use land for extractive activities, which is not within the scope of leases under ASC 842. Future minimum annual commitments under such contracts at March 31, 2021 are as follows:
Remainder of 2021$1,746 
20222,467 
20232,573 
20242,469 
20252,462 
Thereafter26,886 
Total$38,603 

Litigation
In addition to the matters described below, we may be subject to various legal proceedings, claims and governmental inspections, audits or investigations arising out of our operations in the normal course of business, which cover matters such as general commercial, governmental and trade regulations, product liability, environmental, intellectual property, employment and other actions. Although the outcomes of these routine claims cannot be predicted with certainty, in the opinion of management, the ultimate resolution of these matters will not have a material adverse effect on our financial statements.
U.S. Well Services, LLC
On January 14, 2019, Smart Sand, Inc. (plaintiff) filed suit against U.S. Well Services, LLC (defendant) in the Superior Court of the State of Delaware in and for New Castle County (C.A. No. N19C-01-144-PRW [CCLD]). In the suit, plaintiff alleges that defendant is in breach of contract for failure to pay amounts due and payable under a long-term take-or-pay Master Product Purchase Agreement and coterminous Railcar Usage Agreement and is seeking unspecified monetary damages and other appropriate relief. Defendant filed an Answer, Affirmative Defenses and Amended Counterclaim but is no longer pursuing any counterclaims. Discovery was completed in the fall of 2020 and the trial took place in December 2020. The post-trial briefing has been completed and the parties are awaiting the Court’s decision. At this time, the Company is unable to express an opinion as to the likely outcome of the matter.
The Company recorded $0 and $2,378 of revenue for the three months ended March 31, 2021 and 2020, respectively, related to U.S. Well. As of March 31, 2021 and December 31, 2020, $54,592 of accounts receivables is attributable to U.S. Well. Amounts recorded as accounts receivable do not represent the full amounts sought in this lawsuit.
BondsThe Company has performance bonds with various public and private entities regarding reclamation, permitting and maintenance of public roadways. Total aggregate principal amount of performance bonds outstanding as of March 31, 2021 was $9,478.