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Contract Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue Recognition [Abstract]  
Schedule of outstanding contract assets
Contract assets are as follows (in thousands):
March 31, 2023December 31, 2022
Contract assets$83,060 $83,060 
Less accumulated amortization(4,622)(3,371)
Contract assets, net78,438 79,689 
Less current contract assets(7,066)(7,113)
Contract assets, long term$71,372 $72,576 
The below table reflects our estimated amortization per year (in thousands) based on the Company’s current forecasted revenues from the ProFrac Agreement.
Years ending December 31,Amortization
2023 (excluding the three months ended March 31, 2023)
$4,924 
20248,565 
20258,961 
20268,961 
20278,961 
Thereafter through May 203238,066 
Total contract assets$78,438