XML 298 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of disaggregated revenue
The following table presents the Company’s revenues disaggregated by type and percentage of total revenues for the periods indicated.
Year Ended December 31,
202320222021
RevenuePercentage of Total RevenueRevenuePercentage of Total RevenueRevenuePercentage of Total Revenue
Sand sales revenue$283,161 96 %$243,162 95 %$117,402 93 %
Shortfall revenue4,304 1 %5,010 2 %4,421 3 %
Logistics revenue8,509 3 %7,568 3 %4,825 4 %
Total revenues$295,974 100 %$255,740 100 %$126,648 100 %
Schedule Of Useful Life Property Plant And Equipment Depreciation is calculated using the straight-line method over the estimated useful lives of the property, plant and equipment, which are:
 Years
Machinery, equipment and tooling
3-15
SmartSystems
5-15
Vehicles
3-5
Furniture and fixtures
3-10
Plant and buildings
5-15
Real estate properties
10-40
Railroad and sidings
30
Land improvements
10
Deferred stripping costs
1-9
Reconciliation of weighted-average common shares outstanding used in the calculation of basic and diluted net income (loss) per share The following table reconciles the weighted-average common shares outstanding used in the calculation of basic net income per share to the weighted average common shares outstanding used in the calculation of diluted net income per share:
 Year Ended December 31,
 202320222021
Weighted average common shares outstanding38,948 42,408 41,775 
Assumed conversion of restricted stock98 — — 
Diluted weighted average common stock outstanding39,046 42,408 41,775 
Schedule of finite-lived intangible assets
Acquired finite-lived intangible assets are amortized on a straight-line basis over the following periods:
Estimated Useful Life (Years)
Developed technology13
The following table reflects the changes in the net carrying amounts of the Company’s intangible assets for the year ended December 31, 2023.
Balance at December 31, 2022Assets Acquired Pursuant to Business CombinationImpairment ChargesAmortization ExpenseBalance at December 31, 2023
Developed technology$6,669 $— $— $793 $5,876 
$6,669 $— $— $793 $5,876 
The following table reflects the changes in the net carrying amounts of the Company’s finite-lived intangible assets for the year ended December 31, 2022.
Balance at December 31, 2021Assets Acquired Pursuant to Business CombinationImpairment ChargesAmortization ExpenseBalance at December 31, 2022
Developed technology$7,461 $— $— $792 $6,669 
$7,461 $— $— $792 $6,669 
The following table reflects the carrying amounts of the Company's finite-lived intangible assets at December 31, 2023 and 2022.
December 31, 2023December 31, 2022
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Developed technology$10,300 $(4,424)$10,300 (3,631)
$10,300 $(4,424)$10,300 $(3,631)