0000000000-19-015739.txt : 20200210 0000000000-19-015739.hdr.sgml : 20200210 20191121150547 ACCESSION NUMBER: 0000000000-19-015739 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20191121 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Energy Recovery, Inc. CENTRAL INDEX KEY: 0001421517 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 010616867 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 1717 DOOLITTLE DRIVE CITY: SAN LEANDRO STATE: CA ZIP: 94577 BUSINESS PHONE: (510) 483-7370 MAIL ADDRESS: STREET 1: 1717 DOOLITTLE DRIVE CITY: SAN LEANDRO STATE: CA ZIP: 94577 PUBLIC REFERENCE ACCESSION NUMBER: 0001421517-19-000026 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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end TEXT-EXTRACT 2 filename2.txt November 21, 2019 Joshua Ballard Chief Financial Officer Energy Recovery, Inc. 1717 Doolittle Drive San Leandro, CA 94577 Re: Energy Recovery, Inc. Form 10-K for the Fiscal Year Ended December 31, 2018 Filed on March 7, 2019 File No. 001-34112 Dear Mr. Ballard: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2018 Consolidated Finanical Statements Notes to Consolidated Financial Statements Note 3 - Revenues License and Development Revenue Recognition - Oil & Gas Segment, page 77 1. Please clarify how you determined it is appropriate to use the cost to cost method to recognize revenue and how you have the ability to reasonably measure your progress toward full commercial launch. As part of your response, tell us how you considered ASC 606-10-25-37. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Joshua Ballard Energy Recovery, Inc. November 21, 2019 Page 2 You may contact Laura Veator, Staff Accountant, at 202-551-3716 or Stephen Krikorian, Accounting Branch Chief, at 202-551-3488 with any questions. FirstName LastNameJoshua Ballard Sincerely, Comapany NameEnergy Recovery, Inc. Division of Corporation Finance November 21, 2019 Page 2 Office of Technology FirstName LastName