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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2022
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS

As of March 31, 2022, the Company had accounts receivable due from related parties of $1,331,000. This receivable is due from Breckenridge Geophysical, LLC, which is a wholly owned subsidiary of Wilks Brothers, LLC, the holder of approximately 75% of the Company’s outstanding common stock. This receivable is primarily related to one seismic job recorded for Breckenridge and rental of seismic equipment to Breckenridge.