Annual report pursuant to Section 13 and 15(d)

TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)

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TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Contract Liability Balance
The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts:
Contract Liability(1)
December 31, 2023 December 31, 2022
Beginning Balance January 1 $ 5,927,873  $ 5,339,364 
Unrecognized Performance Obligations 187,024  1,175,824 
Recognized Performance Obligations (1,052,386) (587,315)
Ending Balance(2)
$ 5,062,511  $ 5,927,873 
(1) As of December 31, 2023, the contract liability balance is included in unearned revenue (Crimson portion) and liabilities held-for-sale (MoGas and Omega portion) in the Consolidated Balance Sheets. As of December 31, 2022, the contract liability balance was included in unearned revenue in the Consolidated Balance Sheets.
(2) As of December 31, 2023, the contract liability balance for MoGas and Omega was $4.7 million and is recorded in liabilities held-for-sale on the Consolidated Balance Sheets.
Schedules of Concentration of Risk
The following is a breakout of the Company's transportation and distribution revenue for the years ended December 31, 2023, 2022 and 2021:
For the Years Ended December 31,
2023 2022 2021
Crude oil transportation revenue $ 96,442,533  81.4  % $ 100,710,014  82.3  % $ 96,253,911  81.7  %
Natural gas transportation contracts 14,692,804  12.4  % 15,415,891  12.6  % 15,222,145  12.9  %
Natural gas distribution contracts 5,056,283  4.3  % 4,899,750  4.0  % 4,785,548  4.1  %
Other 2,268,879  1.9  % 1,341,500  1.1  % 1,593,760  1.3  %
Total $ 118,460,499  100.0  % $ 122,367,155  100.0  % $ 117,855,364  100.0  %