XML 27 R17.htm IDEA: XBRL DOCUMENT

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Other Purchases and Sales Applied Cryo Technologies, Inc. (“ACT”), is a company that was owned 51% by Crenshaw Family Holdings, LP (“Crenshaw Family Holdings”). Crenshaw Family Holdings sold its interest in ACT on November 22, 2021. During the three and six months ended June 30, 2021, the Company purchased Applied Cryo Technologies, Inc. (“ACT”) $0.1 million and $0.5 million for equipment, repairs and services, respectively. The Company had no sales to ACT during the six months ended June 30, 2021. At December 31, 2021, the Company had $18 thousand due from ACT included in accounts receivable on the Condensed Consolidated Balance Sheets and $23 thousand due to ACT included in accounts payable on the Condensed Consolidated Balance Sheets. The Company purchases supplies and services from a subsidiary of The Modern Group. Casey Crenshaw is the beneficial owner of 25% of The Modern Group and is deemed to jointly control The Modern Group with family members. The Company made purchases of supplies and services from a subsidiary of The Modern Group totaling $0.1 million and $0.2 million for the three months ended June 30, 2022 and 2021, respectively, and $0.2 million and $0.7 million for the six months ended June 30, 2022 and 2021, respectively. The Company had no sales to The Modern Group during either the three or six months ended June 30, 2022 or 2021. The Company had no receivable due from The Modern Group at June 30, 2022 and December 31, 2021. As of June 30, 2022 and December 31, 2021, the Company had $0.4 million and $0.8 million, respectively, due to a subsidiary of The Modern Group included in accounts payable on the Condensed Consolidated Balance Sheets. Chart E&C beneficially owns 8.1% of our outstanding common stock at June 30, 2022, and was party to a Secured Term Note Payable with the Company prior to its repayment by the Company during 2021. The Company purchases services from Chart E&C. During the six months ended June 30, 2022 and 2021, purchases from Chart E&C totaled $51 thousand and $78 thousand, respectively. As of June 30, 2022 the Company had no amounts due to Chart. At December 31, 2021, the Company had $0.2 million due to Chart E&C included in accounts payable on the Condensed Consolidated Balance Sheets. Secured Promissory Note - Related Party The Company has a secured promissory note payable with M/G Finance Co., Ltd, a related party. See additional discussion in Note 9.