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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2022
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS

As of June 30, 2022, the Company had accounts receivable due from related parties of $274,000. This receivable is due from Breckenridge Geophysical, LLC, which is a wholly owned subsidiary of Wilks Brothers, LLC, the holder of approximately 75% of the Company’s outstanding common stock. This receivable is primarily related to rental of seismic equipment to Breckenridge.