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Contract Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue Recognition [Abstract]  
Schedule of outstanding contract assets
Contract assets are as follows (in thousands):
June 30, 2023December 31, 2022
Contract assets$83,060 $83,060 
Less accumulated amortization(5,761)(3,371)
Contract assets, net77,299 79,689 
Less current contract assets(7,716)(7,113)
Contract assets, long term$69,583 $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 six months ended June 30, 2023)
$3,226 
20248,980 
20258,980 
20268,980 
20278,980 
Thereafter through May 203238,153 
Total contract assets$77,299