Quarterly report pursuant to Section 13 or 15(d)

TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)

v3.22.1
TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31, 2022:
Contract Liability(1)
March 31, 2022 December 31, 2021
Beginning Balance January 1 $ 5,339,364  $ 6,104,979 
Unrecognized Performance Obligations 205,790  199,405 
Recognized Performance Obligations (169,524) (965,020)
Ending Balance $ 5,375,630  $ 5,339,364 
(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 months ended March 31, 2022 and 2021:
For the Three Months Ended
March 31, 2022 March 31, 2021
Crude oil transportation revenue $ 24,129,364  81.1  % $ 15,604,226  73.3  %
Natural gas transportation revenue 4,061,276  13.6  % 3,806,223  17.9  %
Natural gas distribution revenue 1,197,904  4.0  % 1,198,813  5.6  %
Other 372,810  1.3  % 685,877  3.2  %