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Contract Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue Recognition [Abstract]  
Schedule of outstanding contract assets
Contract assets are as follows (in thousands):
September 30, 2023December 31, 2022
Contract assets$83,060 $83,060 
Less accumulated amortization(7,037)(3,371)
Contract assets, net76,023 79,689 
Less current contract assets(7,816)(7,113)
Contract assets, long term$68,207 $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 nine months ended September 30, 2023)
$1,658 
20248,432 
20259,094 
20269,094 
20279,094 
Thereafter through May 203238,651 
Total contract assets$76,023