XML 83 R72.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Related Party Transactions (Details)
3 Months Ended 12 Months Ended
Sep. 25, 2023
shares
Sep. 06, 2023
shares
May 17, 2023
USD ($)
$ / shares
shares
Feb. 02, 2023
USD ($)
fleet
$ / shares
shares
May 17, 2022
USD ($)
fleet
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Feb. 02, 2022
USD ($)
Related Party Transaction                  
Reverse stock splits (shares) | shares 30,772,837                
Revenue from external customers           $ 40,374,000 $ 48,007,000    
Amortization of contract into revenue           1,300,000 1,300,000    
Cost of sales           31,553,000 46,127,000    
Contract Service Fee                  
Related Party Transaction                  
Amounts of transaction               $ 20,100,000  
Contract Service Fee Collected                  
Related Party Transaction                  
Amounts of transaction           15,100,000      
Related Party                  
Related Party Transaction                  
Revenue from external customers           27,194,000 36,355,000    
Amortization of contract into revenue           1,300,000 1,300,000    
Accounts receivable           38,655,000   $ 34,569,000  
Related Party | Contract Service Fee                  
Related Party Transaction                  
Amounts of transaction           8,700,000      
Accounts receivable           13,700,000      
Related Party | ProFrac Agreement Contract                  
Related Party Transaction                  
Increase in number of active hydraulic fleets | fleet       30          
Convertible Debt | February 2023 Warrants                  
Related Party Transaction                  
Conversion price (in dollar per share) | $ / shares       $ 0.0001          
Convertible Debt | ProFrac Agreement Contract                  
Related Party Transaction                  
Debt instrument, face amount                 $ 10,000,000
Convertible debt, fair value disclosures       $ 15,100,000          
Conversion price (in dollar per share) | $ / shares       $ 1.19          
Convertible Debt | Amended ProFrac Agreement                  
Related Party Transaction                  
Debt instrument, face amount         $ 50,000,000        
Convertible debt, fair value disclosures     $ 40,600,000            
Conversion price (in dollar per share) | $ / shares     $ 0.64            
Convertible Debt | Amended ProFrac Agreement | Reverse Stock Split                  
Related Party Transaction                  
Conversion of notes to common stock (in shares) | shares     10,582,821            
Convertible Debt | Related Party | ProFrac Agreement Contract                  
Related Party Transaction                  
Convertible notes payable       $ 11,000,000          
Paid-in-kind interest expense       1,000,000          
Conversion of notes to common stock (in shares) | shares   12,683,281              
Convertible debt, fair value disclosures       15,100,000          
Convertible Debt | Related Party | ProFrac Agreement Contract | Reverse Stock Split                  
Related Party Transaction                  
Conversion of notes to common stock (in shares) | shares   2,113,881              
Convertible Debt | Related Party | Amended ProFrac Agreement                  
Related Party Transaction                  
Convertible notes payable       11,000,000          
Paid-in-kind interest expense       $ 1,000,000          
Conversion of notes to common stock (in shares) | shares   12,683,280 63,496,922 12,683,280          
Convertible debt, fair value disclosures     $ 40,600,000            
Conversion price (in dollar per share) | $ / shares     $ 0.8705            
Reverse stock splits (shares) | shares     10,582,821            
Convertible Debt | Related Party | Amended ProFrac Agreement | Reverse Stock Split                  
Related Party Transaction                  
Conversion of notes to common stock (in shares) | shares   2,113,880              
Reverse stock splits (shares) | shares     10,582,821            
PIPE Transaction | Convertible Debt | Related Party                  
Related Party Transaction                  
Debt instrument, face amount                 $ 10,000,000
Fleet purchase commitment percentage                 33.00%
Conditional revenue shortfall rate (percent)                 25.00%
Amended ProFrac Agreement | Convertible Debt | Related Party                  
Related Party Transaction                  
Debt instrument, face amount         $ 50,000,000        
Fleet purchase commitment percentage         70.00%        
Increase in number of active hydraulic fleets | fleet         30        
Potential increase to contract term (years)         10 years        
ProFrac Holdings | Related Party                  
Related Party Transaction                  
Cost of sales           18,601,000 34,931,000    
ProFrac Holdings | Related Party | February 2023 Warrants                  
Related Party Transaction                  
Conversion of notes to common stock (in shares) | shares       12,683,281          
ProFrac Services, LLC | Related Party                  
Related Party Transaction                  
Revenue from external customers           $ 27,200,000 $ 36,400,000