Quarterly report pursuant to Section 13 or 15(d)

Transportation and Distribution Revenue (Tables)

v3.20.2
Transportation and Distribution Revenue (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts as of September 30, 2020:
Contract Liability(1)
September 30, 2020 December 31, 2019
Beginning Balance January 1 $ 6,850,790  $ 6,522,354 
Unrecognized Performance Obligations 198,935  887,916 
Recognized Performance Obligations (1,017,097) (559,480)
Ending Balance $ 6,032,628  $ 6,850,790 
(1) The contract liability balance is included in unearned revenue in the Consolidated Balance Sheets.
Schedules of Concentration of Risk
The following is a breakout of the Company's transportation and distribution revenue for the three and nine months ended September 30, 2020 and 2019:
For the Three Months Ended For the Nine Months Ended
September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019
Natural gas transportation contracts 64.6  % 52.7  % 67.2  % 57.5  %
Natural gas distribution contracts 26.0  % 39.2  % 25.3  % 36.2  %