Prepaid Expenses and Other Assets (Tables)

9 Months Ended

Sep. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid expenses and other assets

Prepaid expenses and other assets consist of the following:

	September 30, 2023		December 31, 2022
Equipment (1)	$	11	$	17
Insurance	9		31
Advertising reimbursements (2)	29		25
Income taxes (3)	102		235
Other (4)	65		73
Prepaid expenses and other assets	$	216	$	381

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(1)    Reflects refundable deposits on expected purchases, primarily of rental equipment, pursuant to advance purchase agreements. Such deposits are presented as a component of our cash flow from operations when paid.

(2)    Reflects reimbursements due for advertising that promotes a vendor’s products or services.

(3)    Primarily relates to tax depreciation benefits associated with the Ahern Rentals acquisition discussed in note 3 to the condensed consolidated financial statements. The tax depreciation deductions generated by the Ahern Rentals acquisition resulted in an income tax receivable associated with U.S. federal and state tax payments made prior to the acquisition. The decrease reflected above from December 31, 2022 to September 30, 2023 reflects the use of a portion of the receivable to reduce cash paid for income taxes, and we expect that the remaining receivable will further reduce the cash paid for income taxes throughout the remainder of 2023.

(4)    Includes multiple items, none of which are individually significant.