Natural Gas Services (NGS) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-31398
Entity Registrant Name	NATURAL GAS SERVICES GROUP, INC.
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	75-2811855
Entity Address, Address Line One	404 Veterans Airpark Ln., Ste 300
Entity Address, City or Town	Midland
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	79705
City Area Code	432
Local Phone Number	262-2700
Title of 12(b) Security	Common Stock, Par Value $0.01
Trading Symbol	NGS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,424,026
Entity Central Index Key	0001084991
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 2,586	$ 22,942
Trade accounts receivable, net	12,599	10,389
Inventory	21,761	19,329
Federal income tax receivable	11,538	11,538
Prepaid income taxes	43	51
Prepaid expenses and other	1,279	854
Total current assets	49,806	65,103
Long-term inventory, net	1,726	1,582
Rental equipment, net	224,964	206,985
Property and equipment, net	20,015	20,828
Right of use assets - operating leases, net	277	285
Intangibles, net	931	1,025
Other assets	2,394	2,698
Total assets	300,113	298,506
Current Liabilities:
Accounts payable	9,968	4,795
Accrued liabilities	15,522	14,103
Current operating leases	82	68
Deferred income	0	1,312
Total current liabilities	25,572	20,278
Long-term debt	2,000	0
Deferred income tax liability	39,573	39,288
Long-term operating leases	194	217
Other long-term liabilities	2,515	2,813
Total liabilities	69,854	62,596
Commitments and contingencies (Note 9)
Stockholders’ Equity:
Preferred stock, 5,000 shares authorized, no shares issued or outstanding	0	0
Common stock, 30,000 shares authorized, par value $0.01; 13,499 and 13,394 shares issued, respectively	135	134
Additional paid-in capital	114,838	114,017
Retained earnings	130,290	130,103
Treasury Shares, at cost, 1,310 and 775 shares, respectively	(15,004)	(8,344)
Total stockholders' equity	230,259	235,910
Total liabilities and stockholders' equity	$ 300,113	$ 298,506

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Thousands	Sep. 30, 2022	Dec. 31, 2021
Stockholders’ Equity:
Preferred stock, shares authorized (in shares)	5,000	5,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	30,000	30,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	13,499	13,394
Treasury shares (in shares)	1,310	775

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Rental income	$ 18,631	$ 16,195	$ 53,905	$ 47,149
Revenue from contracts with customers	2,112	2,050	7,099	7,242
Total revenue	20,743	18,245	61,004	54,391
Operating costs and expenses:
Cost of rentals, exclusive of depreciation stated separately below	9,988	8,826	28,460	25,065
Cost of sales, exclusive of depreciation stated separately below	1,987	1,563	5,416	5,955
Cost of service and maintenance, exclusive of depreciation stated separately below	186	327	593	625
Selling, general and administrative expenses	4,064	2,705	8,875	7,960
Depreciation and amortization	6,016	6,387	18,118	19,010
Total operating costs and expenses	22,241	19,808	61,462	58,615
Operating loss	(1,498)	(1,563)	(458)	(4,224)
Other income (expense):
Interest expense	(25)	(25)	(74)	(40)
Other income, net	1,370	119	1,007	270
Total other income, net	1,345	94	933	230
Income (loss) before provision for income taxes	(153)	(1,469)	475	(3,994)
Income tax benefit (expense)	73	212	(288)	425
Net income (loss)	$ (80)	$ (1,257)	$ 187	$ (3,569)
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.01)	$ (0.10)	$ 0.02	$ (0.27)
Diluted (in dollars per share)	$ (0.01)	$ (0.10)	$ 0.02	$ (0.27)
Weighted average shares outstanding:
Basic (in shares)	12,192	13,121	12,344	13,225
Diluted (in shares)	12,192	13,121	12,434	13,225
Sales
Revenue:
Revenue from contracts with customers	$ 1,786	$ 1,472	$ 5,970	$ 5,756
Service and maintenance income
Revenue:
Revenue from contracts with customers	$ 326	$ 578	$ 1,129	$ 1,486

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2020		0
Beginning balance at Dec. 31, 2020	$ 251,544	$ 0	$ 133	$ 112,615	$ 139,286	$ (490)
Beginning balance (in shares) at Dec. 31, 2020			13,296
Beginning balance (in shares) at Dec. 31, 2020						38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock (in shares)			62
Compensation expense on restricted common stock	474		$ 1	473
Taxes paid related to net shares settlement of equity awards	(224)			(224)
Net income (loss)	(394)				(394)
Ending balance (in shares) at Mar. 31, 2021		0
Ending balance at Mar. 31, 2021	251,400	$ 0	$ 134	112,864	138,892	$ (490)
Ending balance (in shares) at Mar. 31, 2021			13,358
Ending balance (in shares) at Mar. 31, 2021						38
Beginning balance (in shares) at Dec. 31, 2020		0
Beginning balance at Dec. 31, 2020	251,544	$ 0	$ 133	112,615	139,286	$ (490)
Beginning balance (in shares) at Dec. 31, 2020			13,296
Beginning balance (in shares) at Dec. 31, 2020						38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(3,569)
Ending balance (in shares) at Sep. 30, 2021		0
Ending balance at Sep. 30, 2021	244,525	$ 0	$ 134	113,596	135,717	$ (4,922)
Ending balance (in shares) at Sep. 30, 2021			13,394
Ending balance (in shares) at Sep. 30, 2021						471
Beginning balance (in shares) at Mar. 31, 2021		0
Beginning balance at Mar. 31, 2021	251,400	$ 0	$ 134	112,864	138,892	$ (490)
Beginning balance (in shares) at Mar. 31, 2021			13,358
Beginning balance (in shares) at Mar. 31, 2021						38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock (in shares)			36
Compensation expense on restricted common stock	421			421
Taxes paid related to net shares settlement of equity awards	(110)			(110)
Purchase of treasury shares (in shares)						175
Purchase of treasury shares	(1,892)					$ (1,892)
Net income (loss)	(1,918)				(1,918)
Ending balance (in shares) at Jun. 30, 2021		0
Ending balance at Jun. 30, 2021	247,901	$ 0	$ 134	113,175	136,974	$ (2,382)
Ending balance (in shares) at Jun. 30, 2021			13,394
Ending balance (in shares) at Jun. 30, 2021						213
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Compensation expense on common stock options	421			421
Purchase of treasury shares (in shares)						258
Purchase of treasury shares	(2,540)					$ (2,540)
Net income (loss)	(1,257)				(1,257)
Ending balance (in shares) at Sep. 30, 2021		0
Ending balance at Sep. 30, 2021	$ 244,525	$ 0	$ 134	113,596	135,717	$ (4,922)
Ending balance (in shares) at Sep. 30, 2021			13,394
Ending balance (in shares) at Sep. 30, 2021						471
Beginning balance (in shares) at Dec. 31, 2021	0	0
Beginning balance at Dec. 31, 2021	$ 235,910	$ 0	$ 134	114,017	130,103	$ (8,344)
Beginning balance (in shares) at Dec. 31, 2021			13,394
Beginning balance (in shares) at Dec. 31, 2021	775					775
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Compensation expense on common stock options	$ 21			21
Issuance of restricted stock (in shares)			79
Compensation expense on restricted common stock	402		$ 1	401
Taxes paid related to net shares settlement of equity awards	(359)			(359)
Purchase of treasury shares (in shares)						247
Purchase of treasury shares	(2,928)					$ (2,928)
Net income (loss)	337				337
Ending balance (in shares) at Mar. 31, 2022		0
Ending balance at Mar. 31, 2022	$ 233,383	$ 0	$ 135	114,080	130,440	$ (11,272)
Ending balance (in shares) at Mar. 31, 2022			13,473
Ending balance (in shares) at Mar. 31, 2022						1,022
Beginning balance (in shares) at Dec. 31, 2021	0	0
Beginning balance at Dec. 31, 2021	$ 235,910	$ 0	$ 134	114,017	130,103	$ (8,344)
Beginning balance (in shares) at Dec. 31, 2021			13,394
Beginning balance (in shares) at Dec. 31, 2021	775					775
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 187
Ending balance (in shares) at Sep. 30, 2022	0	0
Ending balance at Sep. 30, 2022	$ 230,259	$ 0	$ 135	114,838	130,290	$ (15,004)
Ending balance (in shares) at Sep. 30, 2022			13,499
Ending balance (in shares) at Sep. 30, 2022	1,310					1,310
Beginning balance (in shares) at Mar. 31, 2022		0
Beginning balance at Mar. 31, 2022	$ 233,383	$ 0	$ 135	114,080	130,440	$ (11,272)
Beginning balance (in shares) at Mar. 31, 2022			13,473
Beginning balance (in shares) at Mar. 31, 2022						1,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Compensation expense on common stock options	147			147
Issuance of restricted stock (in shares)			26
Compensation expense on restricted common stock	184			184
Taxes paid related to net shares settlement of equity awards	(156)			(156)
Purchase of treasury shares (in shares)						288
Purchase of treasury shares	(3,732)					$ (3,732)
Net income (loss)	(70)				(70)
Ending balance (in shares) at Jun. 30, 2022		0
Ending balance at Jun. 30, 2022	229,756	$ 0	$ 135	114,255	130,370	$ (15,004)
Ending balance (in shares) at Jun. 30, 2022			13,499
Ending balance (in shares) at Jun. 30, 2022						1,310
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Compensation expense on common stock options	193			193
Compensation expense on restricted common stock	390			390
Net income (loss)	$ (80)				(80)
Ending balance (in shares) at Sep. 30, 2022	0	0
Ending balance at Sep. 30, 2022	$ 230,259	$ 0	$ 135	$ 114,838	$ 130,290	$ (15,004)
Ending balance (in shares) at Sep. 30, 2022			13,499
Ending balance (in shares) at Sep. 30, 2022	1,310					1,310

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 187	$ (3,569)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	18,118	19,010
Amortization of debt issuance costs	35	18
Deferred income tax (benefit) expense	285	(442)
Stock-based compensation	1,337	1,316
Bad debt allowance	0	65
Gain on sale of assets	(1,449)	(127)
Loss (gain) on company owned life insurance	551	(162)
Changes in operating assets and liabilities:
Trade accounts receivables	(2,210)	225
Inventory	(2,576)	(1,682)
Prepaid expenses and prepaid income taxes	(417)	(256)
Accounts payable and accrued liabilities	6,592	5,599
Deferred income	(1,312)	(410)
Other	(256)	373
NET CASH PROVIDED BY OPERATING ACTIVITIES	18,885	19,958
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of rental equipment, property and other equipment	(35,338)	(19,080)
Purchase of company owned life insurance	(272)	(98)
Proceeds from sale of property and equipment	1,546	141
NET CASH USED IN INVESTING ACTIVITIES	(34,064)	(19,037)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan	2,000	0
Payments of other long-term liabilities, net	(2)	(1)
Payments of debt issuance costs	0	(237)
Repayments of line of credit, net	0	(417)
Purchase of treasury shares	(6,660)	(4,432)
Taxes paid related to net share settlement of equity awards	(515)	(335)
NET CASH USED IN FINANCING ACTIVITIES	(5,177)	(5,422)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(20,356)	(4,501)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	22,942	28,925
CASH AND CASH EQUIVALENTS AT END OF PERIOD	2,586	24,424
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	38	25
NON-CASH TRANSACTIONS
Right of use asset acquired through an operating lease	$ 118	$ 0

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of BusinessNatural Gas Services Group, Inc. (the "Company", “NGS”, "Natural Gas Services Group", "we" or "our") (a Colorado corporation), is a provider of natural gas compression equipment and services to the energy industry. The Company manufactures, fabricates, rents, sells and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. NGS is headquartered in Midland, Texas, with fabrication facilities located in Tulsa, Oklahoma and Midland, Texas, and service facilities located in major oil and natural gas producing basins in the U.S.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company, its subsidiary, NGSG Properties, LLC and the rabbi trust associated with the Company's deferred compensation plan. All significant intercompany accounts and transactions for the periods presented have been eliminated in consolidation. These financial statements include all adjustments, consisting of only normal recurring adjustments, which are necessary to make our financial position at September 30, 2022 and the results of our operations for the three and nine months ended September 30, 2022 and 2021 not misleading. As permitted by the rules and regulations of the Securities and Exchange Commission (the "SEC"), the accompanying condensed consolidated financial statements do not include all disclosures normally required by generally accepted accounting principles in the United States of America (GAAP). These financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 on file with the SEC. In our opinion, the condensed consolidated financial statements are a fair presentation of the financial position, results of operations, changes in stockholders' equity and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending December 31, 2022. Revenue Recognition Policy The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers ("ASC 606"), except for rental revenue as discussed below. Under ASC 606, revenue is measured based on a consideration specified in a customer’s contract, excluding any sale incentives and taxes collected on behalf of third parties (i.e. sales and property taxes). Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration that we expect to receive for those goods or services. To recognize revenue, we (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when, or as, we satisfy the performance obligation(s). Shipping and handling costs incurred are accounted for as fulfillment costs and are included in cost of revenues in our condensed consolidated statements of operations. Nature of Goods and Services The following is a description of principal activities from which the Company generates its revenue: Rental Revenue. The Company generates revenue from renting compressors and flare systems to our customers. These contracts, which all qualify as operating leases under ASC Topic 842, Leases (ASC 842), may also include a fee for servicing the compressor or flare during the rental contract period. Our rental contracts typically range from six Sales Revenue. The Company generates revenue by the sale of custom/fabricated compressors, flare systems and parts, as well as, exchange/rebuilding customer owned compressors and sale of used rental equipment. Custom/fabricated compressors and flare systems - The Company designs and fabricates compressors and flares based on the customer’s specifications outlined in their contract. Though the equipment being built is customized by the customer, control under these contracts does not pass to the customer until the compressor or flare package is complete and shipped, or in accordance with a bill and hold arrangement, the customer accepts title and assumes the risk and rewards of ownership. We request some of our customers to make progressive payments as the product is being built; these payments are recorded as a contract liability on the Deferred Income line on the condensed consolidated balance sheet until control has been transferred. These contracts also may include an assurance warranty clause to guarantee the product is free from defects in material and workmanship for a set duration of time; this is a standard industry practice and is not considered a performance obligation. From time to time we recognize revenue when manufacturing is complete and the equipment is ready for shipment. At the customer’s request, we will bill the customer upon completing all performance obligations, but before shipment. The customer will formally request that we ship the equipment per their direction from our manufacturing facility at a later specified date and that we segregate the equipment from our finished goods, such that they are not available to fill other orders. Per the customer’s agreement change of control is passed to the customer once the equipment is complete and ready for shipment. We have operated using bill and hold agreements with certain customers for many years, with consistent and satisfactory results for both the customer and us. The credit terms on these agreements are consistent with the credit terms on all other sales. All control is maintained by the customer and there are no exceptions to the customer’s commitment to accept and pay for the manufactured equipment. There was no revenue recognized for bill and hold arrangements for the nine months ended September 30, 2022 or 2021. Parts - Revenue is recognized after the customer obtains control of the parts. Control is passed either by the customer taking physical possession or the parts being shipped. The amount of revenue recognized is not adjusted for expected returns, as our historical part returns have been de minimis. Exchange or rebuilding customer owned compressors - Based on the contract, the Company will either exchange a new/rebuilt compressor for the customer’s malfunctioning compressor or rebuild the customer’s compressor. Revenue is recognized after control of the replacement compressor has transferred to the customer based on the terms of the contract, i.e., by physical delivery, delivery and installment, or shipment of the compressor. Used compressors or flares - From time to time, a customer may request to purchase a used compressor or flare out of our rental fleet. Revenue from the sale of rental equipment is recognized when the control has passed to the customer based on the terms of the contract, i.e., when the customer has taken physical possession or the equipment has been shipped. Service and Maintenance Revenue . The Company provides routine or call-out services on customer owned equipment. Revenue is recognized after services in the contract are rendered. Payment terms for sales revenue and service and maintenance revenue discussed above are generally 30 to 60 days, although terms for specific customers can vary. Also, transaction prices are not subject to variable consideration constraints. Disaggregation of Revenue The following table shows the Company's revenue disaggregated by product or service type for the three and nine months ended September 30, 2022 and 2021: Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Compressors - sales $ — $ — $ 2,253 $ 1,891 Flares - sales 131 74 214 149 Other (parts/rebuilds) - sales 1,655 1,398 3,503 3,716 Service and maintenance 326 578 1,129 1,486 Total revenue from contracts with customers 2,112 2,050 7,099 7,242 Add: ASC 842 rental revenue 18,631 16,195 53,905 47,149 Total revenue $ 20,743 $ 18,245 $ 61,004 $ 54,391 Contract Balances As of September 30, 2022 and December 31, 2021, we had the following receivables and deferred income from contracts with customers: September 30, 2022 December 31, 2021 (in thousands) Accounts Receivable Accounts receivable - contracts with customers $ 5,188 $ 3,354 Accounts receivable - ASC 842 7,782 8,164 Total Accounts Receivable 12,970 11,518 Less: Allowance for doubtful accounts (371) (1,129) Total Accounts Receivable, net $ 12,599 $ 10,389 Deferred income $ — $ 1,312 The Company recognized sales revenues of $1.3 million for the nine months ended September 30, 2022 that was included in deferred income at the beginning of 2022. For the year ended December 31, 2021, the Company recognized sales revenues of $1.1 million that was included in deferred income at the beginning of 2021. The increase of accounts receivable and decrease of deferred income were primarily due to normal timing differences between our performance and the customers’ payments. Remaining Performance Obligations As of September 30, 2022, the Company did not have deferred revenue related to unsatisfied performance obligations. Contract Costs The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. These costs are included in selling, general and administrative expenses on our condensed consolidated statements of operations. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established to reduce deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized. To the extent we establish a valuation allowance or increase this allowance in a period, we include an expense in the tax provision in our condensed consolidated statements of operations. We account for uncertain tax positions in accordance with guidance in ASC 740, which prescribes the minimum recognition threshold a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the condensed consolidated financial statements. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50% likely to be realized upon settlement. A liability for unrecognized tax benefits is recorded for any tax benefits claimed in our tax returns that do not meet these recognition and measurement standards. We have no liabilities for uncertain tax positions as of September 30, 2022. Our policy regarding income tax interest and penalties is to expense those items as interest expense and other expense, respectively. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (ASC Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments to ASC Topic 326 require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets, including trade receivables. For companies that qualify as smaller reporting companies, the amendments in this update are effective for interim and annual periods beginning after January 1, 2023. We are currently evaluating the impact of ASU 2016-13 on our consolidated financial statements and note disclosures.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory Our inventory, net of allowance for obsolescence of $37,000 at September 30, 2022 and $64,000 at December 31, 2021, consisted of the following amounts: September 30, 2022 December 31, 2021 (in thousands) Raw materials - current $ 18,608 $ 17,528 Work-in-process 3,153 1,801 Inventory - current 21,761 19,329 Raw materials - long term (net of allowances of $37 and $64, respectively) 1,726 1,582 Inventory - total $ 23,487 $ 20,911 Our long-term inventory consists of raw materials that remain viable but that the Company does not expect to sell or use within the year. Inventory Allowance We routinely review our inventory allowance balance to account for slow moving or obsolete inventory costs that may not be recoverable in the future. A summary of our inventory allowance is as follows: September 30, 2022 December 31, 2021 (in thousands) Beginning balance $ 64 $ 221 Accruals — 208 Write-offs (27) (365) Ending balance $ 37 $ 64

Federal Income Tax Receivable

Federal Income Tax Receivable	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Federal Income Tax Receivable	Federal Income Tax ReceivableOn March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was enacted in response to the economic impact caused by the COVID-19 pandemic. The CARES Act allowed NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid federal income taxes. The Company generated significant NOLs during 2018 and 2019, and has filed amended returns to carryback these losses for five years. Accordingly, during 2020, the Company recorded a federal income tax receivable of $15.0 million and an increase to its deferred income tax liability of $10.1 million on its condensed consolidated balance sheet. During the third quarter of 2020, the Company received refunds totaling $3.9 million related to its 2018 NOLs, which reduced its federal income tax receivable to $11.5 million on its condensed consolidated balance sheet as of September 30, 2022.

Rental Equipment

Rental Equipment	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Rental Equipment	Rental Equipment Our rental equipment and associated accumulated depreciation as of September 30, 2022 and December 31, 2021, respectively, consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Compressor units $ 387,476 $ 374,336 Work-in-process 22,018 5,212 Rental equipment 409,494 379,548 Accumulated depreciation (184,530) (172,563) Rental equipment, net of accumulated depreciation $ 224,964 $ 206,985

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Our long-term debt consists of the following: September 30, 2022 December 31, 2021 (in thousands) Revolving credit facility $ 2,000 $ — Previous Credit Agreement We had a senior secured revolving credit agreement the ("Previous Credit Agreement") with JP Morgan Chase Bank, N.A (the "Lender") that matured on March 31, 2021. Prior to maturation, the outstanding balance of $0.4 million was repaid. The Previous Credit Agreement had an aggregate commitment of $30 million, subject to collateral availability. New Credit Agreement On May 11, 2021, we entered into a five year senior secured revolving credit agreement ("New Credit Agreement") with Texas Capital Bank, National Association (the "Lender") with an initial commitment of $20 million and an accordion feature that would increase the maximum commitment to $30 million, subject to collateral availability. We also have a right to request from the Lender, on an uncommitted basis, an increase of up to $30 million on the aggregate commitment; provided, however, the aggregate commitment amount is not permitted to exceed $50 million. The maturity date of the New Credit Agreement is May 11, 2026. The obligations under the New Credit Agreement are secured by a first priority lien on a variety of our assets, including inventory and accounts receivable as well as a variable number of our leased compressor equipment. Borrowing Base. At any time before the maturity of the New Credit Agreement, we may draw, repay and re-borrow amounts available under the borrowing base up to the maximum aggregate availability discussed above. Generally, the borrowing base equals the sum of (a) 90% of eligible accounts receivable owed to the Company by investment grade debtors, plus (b) 85% of the eligible accounts receivable owing by non-investment grade debtors, plus (c) 50% of the eligible inventory, valued at the lower of cost or market value at such time, subject to a cap of this component not to exceed $2.0 million, plus (d) the lesser of (i) 95% of the net book value of the compressors that the Lender has determined are eligible for the extension of credit, valued at the lower of cost or market value with depreciation not to exceed 25 years, at such time and (ii) 80% of the net liquidation value percentage of the net book value of the eligible compressors that the Lender has determined are eligible for the extension of credit, valued at the lower of cost or market value with depreciation not to exceed 25 years, at such time, plus (e) 80% of the value at cost (excluding any costs for capitalized interest or other non-cash capitalized costs) of the eligible new compressor fleet, minus (f) any required availability reserves determined by the Lender in its sole discretion. The Lender may adjust the borrowing base components if material deviations in the collateral are discovered in future audits of the collateral. As of September 30, 2022, our allowable borrowing base was $18.0 million. Interest and Fees. Under the terms of the New Credit Agreement, we have the option of selecting the applicable variable rate for each revolving loan, or portion thereof, of either (a) the Base Rate (as defined below) plus the Applicable Margin, or (b) in the case of a Eurodollar Rate Loan, the Adjusted Eurodollar Rate plus the Applicable Margin. "Base Rate" means, for any day, a rate of interest per annum equal to the highest of (a) the prime rate for such day; (b) the sum of the federal funds rate for such day plus 0.50%; and (c) the Adjusted Eurodollar Rate for such day plus 1.00%. The Applicable Margin is determined based upon the leverage ratio as set forth in the most recent compliance certificate received by the Lender for each fiscal quarter from time to time pursuant to the New Credit Agreement. Depending on the leverage ratio, the Applicable Margin can be 0.25% to 0.75% for Base Rate Loans (as defined in the New Credit Agreement) and 1.25% to 1.75% for Eurodollar Rate Loans and for requested letters of credit. In addition, we are required to pay a monthly commitment fee on the daily average unused amount of the commitment while the New Credit Agreement is in effect at an annual rate equal to 0.25% of the unused commitment amount. Accrued interest is payable monthly on outstanding principal amounts and unused commitment fee, provided that accrued interest on Eurodollar Rate Loans is payable at the end of each interest period, but in no event less frequently than quarterly. Covenants. The New Credit Agreement contains customary representations and warranties, as well as covenants which, among other things, condition or limit our ability to incur additional indebtedness and liens; enter into transactions with affiliates; make acquisitions in excess of certain amounts; pay dividends; redeem or repurchase capital stock or senior notes; make investments or loans; make negative pledges; consolidate, merge or effect asset sales; or change the nature of our business. In addition, we also have certain financial covenants that are applicable during certain trigger periods specified in the Credit Agreement and require us during such trigger periods to maintain a leverage ratio less than or equal to 3.00 to 1.00 as of the last day of each fiscal quarter and a fixed charge coverage ratio greater than or equal to 1.00 to 1.00 as of the last day of each fiscal quarter. Events of Default and Acceleration. The New Credit Agreement contains customary events of default for credit facilities of this size and type, and includes, without limitation, payment defaults; defaults in performance of covenants or other agreements contained in the Credit Agreement and the other transaction documents; inaccuracies in representations and warranties; certain defaults, termination events or similar events; certain defaults with respect to any other Company indebtedness in excess of $1.0 million; certain bankruptcy or insolvency events; the rendering of certain judgments in excess of $1.0 million; certain ERISA events; certain change in control events and the defectiveness of any liens under the secured revolving credit agreement. Obligations outstanding under the Credit Agreement may be accelerated upon the occurrence of an event of default. As of September 30, 2022, we were in compliance with all financial covenants in our New Credit Agreement. At September 30, 2022, we had $2.0 million outstanding under the New Credit Agreement with an interest rate of 6.50% as of September 30, 2022.

Stock-Based and Other Long-Term

Stock-Based and Other Long-Term Incentive Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based and Other Long-Term Incentive Compensation	Stock-Based and Other Long-Term Incentive Compensation Stock Options A summary of all option activity as of December 31, 2021, and changes during the nine months ended September 30, 2022 is presented below. Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in thousands) Outstanding, December 31, 2021 200,834 $ 21.17 4.83 $ — Granted 190,000 $ 15.95 — $ — Cancelled / Forfeited (50,750) $ 22.78 — $ 11 Expired (13,500) $ 13.29 — $ — Outstanding, September 30, 2022 326,584 $ 18.21 3.33 $ — Exercisable, September 30, 2022 120,584 $ 23.72 1.96 $ — The following table summarizes information about our stock options outstanding at September 30, 2022: Range of Exercise Prices Options Outstanding Options Exercisable Shares Weighted Average Remaining Contractual Life (years) Weighted Average Exercise Price Shares Weighted Average Exercise Price $0.01-18.00 231,000 3.76 $ 14.98 25,000 $ 15.00 $18.01-22.00 13,000 0.47 $ 18.75 13,000 $ 18.75 $22.01-26.00 29,667 2.54 $ 22.90 29,667 $ 22.90 $26.01-30.00 20,750 4.38 $ 28.15 20,750 $ 28.15 $30.01-34.00 32,167 1.47 $ 30.41 32,167 $ 30.41 326,584 3.33 $ 18.21 120,584 $ 23.72 The summary of the status of our unvested stock options as of December 31, 2021 and changes during the nine months ended September 30, 2022 is presented below: Unvested Stock Options: Shares Weighted Average Grant Date Fair Value Per Share Unvested at December 31, 2021 55,500 $ 5.15 Granted 190,000 $ 4.38 Vested (30,000) $ 2.85 Exercised — $ — Cancelled/Forfeited (9,500) $ 5.42 Unvested at September 30, 2022 206,000 $ 4.76 As of September 30, 2022, there was $0.7 million of unrecognized compensation cost related to unvested options. For the nine months ended September 30, 2022 there was $0.4 million of compensation expense for stock options. For the nine months ended September 30, 2021, there was no compensation expense for stock options. Restricted Shares/Units On March 18, 2021, the Compensation Committee awarded 129,212 shares of restricted common stock to two executive officers that vest ratably over three years, beginning on March 18, 2022. On June 17, 2021, the Compensation Committee awarded 5,000 shares of restricted stock to an executive officer that vests ratably over three years beginning on June 17, 2022. In addition, on March 18, 2021, 5,612 shares of restricted common stock were awarded to each of our three independent Board members. Lastly, on April 1, 2021, 5,291 shares of restricted common stock were awarded to a newly appointed Board member. On April 26, 2022, 4,212 shares of restricted common stock were awarded to each of our four independent Board members. The restricted stock issued to these directors vest in one year from the date of grant. On August 15, 2022, the Compensation Committee awarded 32,040 shares of restricted common stock to two executive officers that vest ratably over 3 years, beginning on April 25, 2023. In addition, on August 15, 2022, the Compensation Committee awarded 60,839 shares of restricted stock to Mr. Stephen Taylor, our former Chief Executive Officer. The restricted shares granted to Mr. Taylor will vest in full on June 30, 2023. Total compensation expense related to these and previously granted restricted stock awards was $1.0 million and $1.3 million for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, there was a total of $1.5 million of unrecognized compensation expense related to these shares/units which is expected to be recognized over the next 1.7 years. A summary of all restricted stock/units outstanding as of December 31, 2021 and activity during the nine months ended September 30, 2022 is presented below: Number Weighted Average Weighted Aggregate Intrinsic Value (in thousands) Outstanding, December 31, 2021 276,319 $ 9.67 1.77 $ 2,893 Granted 109,727 $ 10.09 $ 1,107 Vested (152,134) $ 10.99 $ 1,778 Canceled/Forfeited — $ — $ — Outstanding, September 30, 2022 233,912 $ 9.01 1.71 $ 2,179 Other Long-Term Incentive Compensation On March 18, 2021, the Compensation Committee issued a long-term incentive award of $1.0 million to an executive officer that vests in equal, annual tranches over 3 years beginning on the anniversary of the grant date. In addition, on March 18, 2021, we issued a $50,000 award to three of our independent members of our Board of Directors as partial payment for their services in 2021. On April 1, 2021, we issued a $50,000 award to a newly appointed independent member of our Board of Directors as partial payment for his services in 2021. On April 26, 2022, we issued a $50,000 award to each of our three independent Board members. These awards vest one year from the date of grant and are payable in cash upon vesting. There were no long-term incentive awards issued to executives during the nine months ended September 30, 2022. The Company accounts for these other long-term incentive awards as liabilities under accrued liabilities on our condensed consolidated balance sheet. The vesting of these awards is subject to acceleration upon certain events, such as (i) death or disability of the recipient, (ii) certain circumstances in connection with a change of control of the Company, (iii) for executive officers, termination without cause (as defined in the agreement), and (iv) for executive officers, resignation for good reason (as defined). Total compensation expense related to these other long-term incentive awards was approximately $0.7 million and $0.6 million for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, there was a total of $0.8 million of unrecognized compensation expense related to these other long-term incentive awards which is expected to be recognized over the next 0.6 years.

Earnings (Loss) per Share

Earnings (Loss) per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings (Loss) per Share	Earnings (Loss) per Share The following table reconciles the numerators and denominators of the basic and diluted earnings (loss) per share computation: Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 (in thousands, except per share data) Numerator: Net income (loss) $ (80) $ (1,257) $ 187 $ (3,569) Denominator for earnings (loss) per basic common share: Weighted average common shares outstanding 12,192 13,121 12,344 13,225 Denominator for earnings (loss) per diluted common share: Weighted average common shares outstanding 12,192 13,121 12,344 13,225 Dilutive effect of stock options and restricted stock/units — — 90 — Diluted weighted average shares 12,192 13,121 12,434 13,225 Earnings (loss) per common share: Basic $ (0.01) $ (0.10) $ 0.02 $ (0.27) Diluted $ (0.01) $ (0.10) $ 0.02 $ (0.27) For the three and nine months ended September 30, 2022, 233,912 and 143,891 restricted stock/units, respectively, were not included in the computation of diluted earnings per share due to their antidilutive effect. For the three and nine months ended September 30, 2022 326,584 stock options were not included in the computation of diluted loss per share due to their antidilutive effect. For the three and nine months ended September 30, 2021, 276,319 restricted stock/units and 145,334 stock options were not included in the computation of diluted loss per share due to their antidilutive effect.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesFrom time to time, we are a party to various legal proceedings in the ordinary course of our business. While management is unable to predict the ultimate outcome of these actions, it believes that any ultimate liability arising from these actions will not have a material adverse effect on our financial position, results of operations or cash flow. We are not currently a party to any material legal proceedings, and we are not aware of any threatened material litigation.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsIn accordance with ASC 855 - Subsequent Events - the Company has evaluated all events subsequent to the balance sheet date as of September 30, 2022 through the date of this report and believes nothing is required thereunder.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company, its subsidiary, NGSG Properties, LLC and the rabbi trust associated with the Company's deferred compensation plan. All significant intercompany accounts and transactions for the periods presented have been eliminated in consolidation. These financial statements include all adjustments, consisting of only normal recurring adjustments, which are necessary to make our financial position at September 30, 2022 and the results of our operations for the three and nine months ended September 30, 2022 and 2021 not misleading. As permitted by the rules and regulations of the Securities and Exchange Commission (the "SEC"), the accompanying condensed consolidated financial statements do not include all disclosures normally required by generally accepted accounting principles in the United States of America (GAAP). These financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 on file with the SEC. In our opinion, the condensed consolidated financial statements are a fair presentation of the financial position, results of operations, changes in stockholders' equity and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending December 31, 2022.
Revenue Recognition Policy and Contract Costs	Revenue Recognition Policy The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers ("ASC 606"), except for rental revenue as discussed below. Under ASC 606, revenue is measured based on a consideration specified in a customer’s contract, excluding any sale incentives and taxes collected on behalf of third parties (i.e. sales and property taxes). Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration that we expect to receive for those goods or services. To recognize revenue, we (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when, or as, we satisfy the performance obligation(s). Shipping and handling costs incurred are accounted for as fulfillment costs and are included in cost of revenues in our condensed consolidated statements of operations. Nature of Goods and Services The following is a description of principal activities from which the Company generates its revenue: Rental Revenue. The Company generates revenue from renting compressors and flare systems to our customers. These contracts, which all qualify as operating leases under ASC Topic 842, Leases (ASC 842), may also include a fee for servicing the compressor or flare during the rental contract period. Our rental contracts typically range from six Sales Revenue. The Company generates revenue by the sale of custom/fabricated compressors, flare systems and parts, as well as, exchange/rebuilding customer owned compressors and sale of used rental equipment. Custom/fabricated compressors and flare systems - The Company designs and fabricates compressors and flares based on the customer’s specifications outlined in their contract. Though the equipment being built is customized by the customer, control under these contracts does not pass to the customer until the compressor or flare package is complete and shipped, or in accordance with a bill and hold arrangement, the customer accepts title and assumes the risk and rewards of ownership. We request some of our customers to make progressive payments as the product is being built; these payments are recorded as a contract liability on the Deferred Income line on the condensed consolidated balance sheet until control has been transferred. These contracts also may include an assurance warranty clause to guarantee the product is free from defects in material and workmanship for a set duration of time; this is a standard industry practice and is not considered a performance obligation. From time to time we recognize revenue when manufacturing is complete and the equipment is ready for shipment. At the customer’s request, we will bill the customer upon completing all performance obligations, but before shipment. The customer will formally request that we ship the equipment per their direction from our manufacturing facility at a later specified date and that we segregate the equipment from our finished goods, such that they are not available to fill other orders. Per the customer’s agreement change of control is passed to the customer once the equipment is complete and ready for shipment. We have operated using bill and hold agreements with certain customers for many years, with consistent and satisfactory results for both the customer and us. The credit terms on these agreements are consistent with the credit terms on all other sales. All control is maintained by the customer and there are no exceptions to the customer’s commitment to accept and pay for the manufactured equipment. There was no revenue recognized for bill and hold arrangements for the nine months ended September 30, 2022 or 2021. Parts - Revenue is recognized after the customer obtains control of the parts. Control is passed either by the customer taking physical possession or the parts being shipped. The amount of revenue recognized is not adjusted for expected returns, as our historical part returns have been de minimis. Exchange or rebuilding customer owned compressors - Based on the contract, the Company will either exchange a new/rebuilt compressor for the customer’s malfunctioning compressor or rebuild the customer’s compressor. Revenue is recognized after control of the replacement compressor has transferred to the customer based on the terms of the contract, i.e., by physical delivery, delivery and installment, or shipment of the compressor. Used compressors or flares - From time to time, a customer may request to purchase a used compressor or flare out of our rental fleet. Revenue from the sale of rental equipment is recognized when the control has passed to the customer based on the terms of the contract, i.e., when the customer has taken physical possession or the equipment has been shipped. Service and Maintenance Revenue . The Company provides routine or call-out services on customer owned equipment. Revenue is recognized after services in the contract are rendered. Payment terms for sales revenue and service and maintenance revenue discussed above are generally 30 to 60 days, although terms for specific customers can vary. Also, transaction prices are not subject to variable consideration constraints. Contract Costs The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. These costs are included in selling, general and administrative expenses on our condensed consolidated statements of operations.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established to reduce deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized. To the extent we establish a valuation allowance or increase this allowance in a period, we include an expense in the tax provision in our condensed consolidated statements of operations. We account for uncertain tax positions in accordance with guidance in ASC 740, which prescribes the minimum recognition threshold a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the condensed consolidated financial statements. Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50% likely to be realized upon settlement. A liability for unrecognized tax benefits is recorded for any tax benefits claimed in our tax returns that do not meet these recognition and measurement standards. We have no liabilities for uncertain tax positions as of September 30, 2022. Our policy regarding income tax interest and penalties is to expense those items as interest expense and other expense, respectively.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (ASC Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments to ASC Topic 326 require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets, including trade receivables. For companies that qualify as smaller reporting companies, the amendments in this update are effective for interim and annual periods beginning after January 1, 2023. We are currently evaluating the impact of ASU 2016-13 on our consolidated financial statements and note disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Schedule of Disaggregation of Revenue	The following table shows the Company's revenue disaggregated by product or service type for the three and nine months ended September 30, 2022 and 2021: Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (in thousands) (in thousands) Compressors - sales $ — $ — $ 2,253 $ 1,891 Flares - sales 131 74 214 149 Other (parts/rebuilds) - sales 1,655 1,398 3,503 3,716 Service and maintenance 326 578 1,129 1,486 Total revenue from contracts with customers 2,112 2,050 7,099 7,242 Add: ASC 842 rental revenue 18,631 16,195 53,905 47,149 Total revenue $ 20,743 $ 18,245 $ 61,004 $ 54,391
Schedule of Contract with Customer, Asset and Liability	As of September 30, 2022 and December 31, 2021, we had the following receivables and deferred income from contracts with customers: September 30, 2022 December 31, 2021 (in thousands) Accounts Receivable Accounts receivable - contracts with customers $ 5,188 $ 3,354 Accounts receivable - ASC 842 7,782 8,164 Total Accounts Receivable 12,970 11,518 Less: Allowance for doubtful accounts (371) (1,129) Total Accounts Receivable, net $ 12,599 $ 10,389 Deferred income $ — $ 1,312

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	Our inventory, net of allowance for obsolescence of $37,000 at September 30, 2022 and $64,000 at December 31, 2021, consisted of the following amounts: September 30, 2022 December 31, 2021 (in thousands) Raw materials - current $ 18,608 $ 17,528 Work-in-process 3,153 1,801 Inventory - current 21,761 19,329 Raw materials - long term (net of allowances of $37 and $64, respectively) 1,726 1,582 Inventory - total $ 23,487 $ 20,911 A summary of our inventory allowance is as follows: September 30, 2022 December 31, 2021 (in thousands) Beginning balance $ 64 $ 221 Accruals — 208 Write-offs (27) (365) Ending balance $ 37 $ 64

Rental Equipment (Tables)

Rental Equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Rental Equipment	Our rental equipment and associated accumulated depreciation as of September 30, 2022 and December 31, 2021, respectively, consisted of the following: September 30, 2022 December 31, 2021 (in thousands) Compressor units $ 387,476 $ 374,336 Work-in-process 22,018 5,212 Rental equipment 409,494 379,548 Accumulated depreciation (184,530) (172,563) Rental equipment, net of accumulated depreciation $ 224,964 $ 206,985

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	Our long-term debt consists of the following: September 30, 2022 December 31, 2021 (in thousands) Revolving credit facility $ 2,000 $ —

Stock-Based and Other Long-Te_2

Stock-Based and Other Long-Term Incentive Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Option Activity	A summary of all option activity as of December 31, 2021, and changes during the nine months ended September 30, 2022 is presented below. Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value (in thousands) Outstanding, December 31, 2021 200,834 $ 21.17 4.83 $ — Granted 190,000 $ 15.95 — $ — Cancelled / Forfeited (50,750) $ 22.78 — $ 11 Expired (13,500) $ 13.29 — $ — Outstanding, September 30, 2022 326,584 $ 18.21 3.33 $ — Exercisable, September 30, 2022 120,584 $ 23.72 1.96 $ —
Schedule of Stock Options Outstanding	The following table summarizes information about our stock options outstanding at September 30, 2022: Range of Exercise Prices Options Outstanding Options Exercisable Shares Weighted Average Remaining Contractual Life (years) Weighted Average Exercise Price Shares Weighted Average Exercise Price $0.01-18.00 231,000 3.76 $ 14.98 25,000 $ 15.00 $18.01-22.00 13,000 0.47 $ 18.75 13,000 $ 18.75 $22.01-26.00 29,667 2.54 $ 22.90 29,667 $ 22.90 $26.01-30.00 20,750 4.38 $ 28.15 20,750 $ 28.15 $30.01-34.00 32,167 1.47 $ 30.41 32,167 $ 30.41 326,584 3.33 $ 18.21 120,584 $ 23.72
Schedule of Status of Unvested Stock Options	The summary of the status of our unvested stock options as of December 31, 2021 and changes during the nine months ended September 30, 2022 is presented below: Unvested Stock Options: Shares Weighted Average Grant Date Fair Value Per Share Unvested at December 31, 2021 55,500 $ 5.15 Granted 190,000 $ 4.38 Vested (30,000) $ 2.85 Exercised — $ — Cancelled/Forfeited (9,500) $ 5.42 Unvested at September 30, 2022 206,000 $ 4.76
Schedule of Restricted Stock Activity	A summary of all restricted stock/units outstanding as of December 31, 2021 and activity during the nine months ended September 30, 2022 is presented below: Number Weighted Average Weighted Aggregate Intrinsic Value (in thousands) Outstanding, December 31, 2021 276,319 $ 9.67 1.77 $ 2,893 Granted 109,727 $ 10.09 $ 1,107 Vested (152,134) $ 10.99 $ 1,778 Canceled/Forfeited — $ — $ — Outstanding, September 30, 2022 233,912 $ 9.01 1.71 $ 2,179

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the numerators and denominators of the basic and diluted earnings (loss) per share computation: Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 (in thousands, except per share data) Numerator: Net income (loss) $ (80) $ (1,257) $ 187 $ (3,569) Denominator for earnings (loss) per basic common share: Weighted average common shares outstanding 12,192 13,121 12,344 13,225 Denominator for earnings (loss) per diluted common share: Weighted average common shares outstanding 12,192 13,121 12,344 13,225 Dilutive effect of stock options and restricted stock/units — — 90 — Diluted weighted average shares 12,192 13,121 12,434 13,225 Earnings (loss) per common share: Basic $ (0.01) $ (0.10) $ 0.02 $ (0.27) Diluted $ (0.01) $ (0.10) $ 0.02 $ (0.27)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenue from External Customer [Line Items]
Revenue	$ 20,743	$ 18,245	$ 61,004	$ 54,391
Revenue related to unsatisfied performance obligations	0		0
Uncertain tax position	$ 0		0
Sales
Revenue from External Customer [Line Items]
Revenue recognized			1,300		$ 1,100
Bill and Hold Arrangement
Revenue from External Customer [Line Items]
Revenue			$ 0	$ 0
Minimum
Revenue from External Customer [Line Items]
Amortization period of capitalized contract costs	1 year		1 year
Rental Contracts, Excluding Large Horsepower Compressors | Minimum
Revenue from External Customer [Line Items]
Rental contract term	6 months		6 months
Rental Contracts, Excluding Large Horsepower Compressors | Maximum
Revenue from External Customer [Line Items]
Rental contract term	24 months		24 months
Rental Contracts, Large Horsepower Compressors | Maximum
Revenue from External Customer [Line Items]
Rental contract term	60 months		60 months

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 2,112	$ 2,050	$ 7,099	$ 7,242
Rental income	18,631	16,195	53,905	47,149
Total revenue	20,743	18,245	61,004	54,391
Compressors - sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	0	0	2,253	1,891
Flares - sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	131	74	214	149
Other (parts/rebuilds) - sales
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	1,655	1,398	3,503	3,716
Service and maintenance
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 326	$ 578	$ 1,129	$ 1,486

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Contract Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts Receivable
Accounts receivable - contracts with customers	$ 5,188	$ 3,354
Accounts receivable - ASC 842	7,782	8,164
Total Accounts Receivable	12,970	11,518
Less: Allowance for doubtful accounts	(371)	(1,129)
Total Accounts Receivable, net	12,599	10,389
Deferred income	$ 0	$ 1,312

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Allowance for obsolescence	$ 37	$ 64	$ 221
Raw materials - current	18,608	17,528
Work-in-process	3,153	1,801
Inventory - current	21,761	19,329
Raw materials - long term (net of allowances of $37 and $64, respectively)	1,726	1,582
Inventory - total	$ 23,487	$ 20,911

Inventory - Schedule of Inven_2

Inventory - Schedule of Inventory Allowance (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Inventory Valuation Reserves [Roll Forward]
Beginning balance	$ 64	$ 221
Accruals	0	208
Write-offs	(27)	(365)
Ending balance	$ 37	$ 64

Federal Income Tax Receivable (

Federal Income Tax Receivable (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2020	Sep. 30, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal income tax receivable		$ 15,000	$ 11,538	$ 11,538
Deferred tax liability increase due to tax law change		$ 10,100
Income tax received refunds	$ 3,900

Rental Equipment (Details)

Rental Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Rental equipment, gross	$ 409,494	$ 379,548
Accumulated depreciation	(184,530)	(172,563)
Rental equipment, net of accumulated depreciation	224,964	206,985
Impairment of rental equipment	0
Compressor units
Property, Plant and Equipment [Line Items]
Rental equipment, gross	387,476	374,336
Work-in-process
Property, Plant and Equipment [Line Items]
Rental equipment, gross	$ 22,018	$ 5,212

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit facility	$ 2,000	$ 0

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - Revolving Credit Facility - USD ($) $ in Millions		3 Months Ended
	May 11, 2021	Sep. 30, 2022	Mar. 30, 2021
Line of Credit Facility [Line Items]
Line of credit			$ 0.4
Aggregate credit agreement commitment	$ 30		$ 30
Debt instrument, term	5 years
Borrowing base amount available	$ 20	$ 18
Potential increase in borrowing capacity	30
Potential maximum borrowing capacity	$ 50
Borrowing base, component, percentage of eligible accounts receivable	90%
Percentage of eligible non investment grade decors	85%
Percentage of eligible inventory	50%
Line of credit facility, non exceeding cap of components	$ 2
Percentage of eligible compressors for extension of credit	95%
Term for depreciation	25 years
Percentage of net liquidation value of eligible compressors for extension of credit	80%
Percentage of eligible value at cost	80%
Unused commitment fee, rate	0.25%
Maximum leverage ratio allowed	3
Fixed charge coverage ratio	1
New Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Outstanding credit facility		$ 2
Weighted average interest rate		6.50%
Maximum
Line of Credit Facility [Line Items]
Default trigger, certain defaults of other company indebtedness, amount	$ 1
Default trigger, rendering of certain judgments, amount	$ 1
Federal Fund Rate
Line of Credit Facility [Line Items]
Variable rate, applicable margin	0.50%
Euro Dollar Rate
Line of Credit Facility [Line Items]
Variable rate, applicable margin	1%
Euro Dollar Rate | Minimum
Line of Credit Facility [Line Items]
Variable rate, applicable margin	1.25%
Euro Dollar Rate | Maximum
Line of Credit Facility [Line Items]
Variable rate, applicable margin	1.75%
Base Rate | Minimum
Line of Credit Facility [Line Items]
Variable rate, applicable margin	0.25%
Base Rate | Maximum
Line of Credit Facility [Line Items]
Variable rate, applicable margin	0.75%

Stock-Based and Other Long-Te_3

Stock-Based and Other Long-Term Incentive Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Number  of Stock Options
Outstanding, beginning of period (in shares)	200,834
Granted (in shares)	190,000
Canceled/Forfeited (in shares)	(50,750)
Expired (in shares)	(13,500)
Outstanding, end of period (in shares)	326,584	200,834
Exercisable (in shares)	120,584
Weighted AverageExercise Price
Outstanding, beginning of period (in dollars per share)	$ 21.17
Granted (in dollars per share)	15.95
Canceled/Forfeited (in dollars per share)	22.78
Expired (in dollars per share)	13.29
Outstanding, end of period (in dollars per share)	18.21	$ 21.17
Exercisable (in dollars per share)	$ 23.72
WeightedAverageRemainingContractual Life (years)
Outstanding, weighted average remaining contractual life	3 years 3 months 29 days	4 years 9 months 29 days
Exercisable, weighted average remaining contractual life	1 year 11 months 15 days
AggregateIntrinsicValue(in thousands)
Outstanding, aggregate intrinsic value	$ 0	$ 0
Cancelled / Forfeited, intrinsic value	11
Exercisable, aggregate intrinsic value	$ 0

Stock-Based and Other Long-Te_4

Stock-Based and Other Long-Term Incentive Compensation - Stock Options Outstanding (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, shares (in shares) | shares	326,584
Options outstanding, weighted average remaining contractual life (years)	3 years 3 months 29 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 18.21
Options exercisable, shares (in shares) | shares	120,584
Options exercisable, weighted average exercise price (in dollars per share)	$ 23.72
$0.01-18.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower limit (in dollars per share)	0.01
Range of exercise prices, upper limit (in dollars per share)	$ 18
Options outstanding, shares (in shares) | shares	231,000
Options outstanding, weighted average remaining contractual life (years)	3 years 9 months 3 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 14.98
Options exercisable, shares (in shares) | shares	25,000
Options exercisable, weighted average exercise price (in dollars per share)	$ 15
$18.01-22.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower limit (in dollars per share)	18.01
Range of exercise prices, upper limit (in dollars per share)	$ 22
Options outstanding, shares (in shares) | shares	13,000
Options outstanding, weighted average remaining contractual life (years)	5 months 19 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 18.75
Options exercisable, shares (in shares) | shares	13,000
Options exercisable, weighted average exercise price (in dollars per share)	$ 18.75
$22.01-26.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower limit (in dollars per share)	22.01
Range of exercise prices, upper limit (in dollars per share)	$ 26
Options outstanding, shares (in shares) | shares	29,667
Options outstanding, weighted average remaining contractual life (years)	2 years 6 months 14 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 22.90
Options exercisable, shares (in shares) | shares	29,667
Options exercisable, weighted average exercise price (in dollars per share)	$ 22.90
$26.01-30.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower limit (in dollars per share)	26.01
Range of exercise prices, upper limit (in dollars per share)	$ 30
Options outstanding, shares (in shares) | shares	20,750
Options outstanding, weighted average remaining contractual life (years)	4 years 4 months 17 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 28.15
Options exercisable, shares (in shares) | shares	20,750
Options exercisable, weighted average exercise price (in dollars per share)	$ 28.15
$30.01-34.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower limit (in dollars per share)	30.01
Range of exercise prices, upper limit (in dollars per share)	$ 34
Options outstanding, shares (in shares) | shares	32,167
Options outstanding, weighted average remaining contractual life (years)	1 year 5 months 19 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 30.41
Options exercisable, shares (in shares) | shares	32,167
Options exercisable, weighted average exercise price (in dollars per share)	$ 30.41

Stock-Based and Other Long-Te_5

Stock-Based and Other Long-Term Incentive Compensation - Summary of Unvested Stock Options (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Shares
Unvested, beginning of period (in shares) | shares	55,500
Granted (in shares) | shares	190,000
Vested (in shares) | shares	(30,000)
Exercised (in shares) | shares	0
Canceled/Forfeited (in shares) | shares	(9,500)
Unvested, end of period (in shares) | shares	206,000
Weighted Average Grant Date Fair Value Per Share
Unvested, weighted average grant date fair value, beginning of period (in USD per share) | $ / shares	$ 5.15
Granted (in dollar per share) | $ / shares	4.38
Vested, weighted average grant date fair value (in USD per share) | $ / shares	2.85
Exercised (in dollar per shares) | $ / shares	0
Canceled/Forfeited (in dollars per share) | $ / shares	5.42
Unvested, weighted average grant date fair value, end of period (in USD per share) | $ / shares	$ 4.76

Stock-Based and Other Long-Te_6

Stock-Based and Other Long-Term Incentive Compensation - Stock Option, Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense	$ 0.7
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 0.4	$ 0

Stock-Based and Other Long-Te_7

Stock-Based and Other Long-Term Incentive Compensation - Restricted Stock, Narrative (Details) $ in Millions								9 Months Ended
	Aug. 15, 2022 executive_officer shares	Jun. 17, 2022	Apr. 26, 2022 independent_director shares	Mar. 18, 2022	Jun. 17, 2021 shares	Apr. 01, 2021 shares	Mar. 18, 2021 executive_officer independent_director shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense | $								$ 0.7
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)								109,727
Share-based compensation expense | $								$ 1	$ 1.3
Total unrecognized compensation expense | $								$ 1.5
Recognition period								1 year 8 months 12 days
Restricted Stock | Executive Officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	32,040				5,000		129,212
Number of executive officers | executive_officer	2						2
Award vesting period	3 years	3 years		3 years
Restricted Stock | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			4,212			5,291	5,612
Award vesting period			1 year
Number of independent directors | independent_director			4				3
Restricted Stock | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	60,839

Stock-Based and Other Long-Te_8

Stock-Based and Other Long-Term Incentive Compensation - Restricted Stock (Details) - Restricted Stock - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Number  of Shares
Outstanding, beginning of period (in shares)	276,319
Granted (in shares)	109,727
Vested (in shares)	(152,134)
Canceled/Forfeited (in shares)	0
Outstanding, beginning of period (in shares)	233,912	276,319
Weighted Average Grant Date Fair Value
Outstanding beginning of period (in dollars per share)	$ 9.67
Granted (in dollars per share)	10.09
Vested (in dollars per share)	10.99
Canceled/Forfeited (in dollars per share)	0
Outstanding ending of the period (in dollars per share)	$ 9.01	$ 9.67
Weighted Average Remaining Contractual Life (years)
Weighted average remaining contractual life (years)	1 year 8 months 15 days	1 year 9 months 7 days
Aggregate Intrinsic Value
Outstanding, begging balance	$ 2,893
Granted	1,107
Vested	1,778
Canceled/Forfeited	0
Outstanding, ending balance	$ 2,179	$ 2,893

Stock-Based and Other Long-Te_9

Stock-Based and Other Long-Term Incentive Compensation - Other Long-Term Incentive Compensation, Narrative (Details) $ in Thousands				9 Months Ended
	Apr. 26, 2022 USD ($) independent_director	Apr. 01, 2021 USD ($)	Mar. 18, 2021 USD ($) independent_director	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense				$ 700
Other Long-Term Incentive Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted			$ 1,000	$ 0
Award vesting period			3 years	1 year
Share-based compensation expense				$ 700	$ 600
Total unrecognized compensation expense				$ 800
Recognition period				7 months 6 days
Other Long-Term Incentive Compensation | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	$ 50	$ 50	$ 50
Number of independent directors | independent_director	3		3

Earnings (Loss) per Share- Sche

Earnings (Loss) per Share- Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net income (loss)	$ (80)	$ (70)	$ 337	$ (1,257)	$ (1,918)	$ (394)	$ 187	$ (3,569)
Denominator for earnings (loss) per basic common share:
Weighted average common shares outstanding (in shares)	12,192,000			13,121,000			12,344,000	13,225,000
Denominator for earnings (loss) per diluted common share:
Weighted average common shares outstanding (in shares)	12,192,000			13,121,000			12,344,000	13,225,000
Dilutive effect of stock options and restricted stock/units (in shares)	0			0			90,000	0
Diluted weighted average shares (in shares)	12,192,000			13,121,000			12,434,000	13,225,000
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.01)			$ (0.10)			$ 0.02	$ (0.27)
Diluted (in dollars per share)	$ (0.01)			$ (0.10)			$ 0.02	$ (0.27)
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares not included in the computation of dilutive income (loss) per share (in shares)	233,912			276,319			143,891	276,319
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares not included in the computation of dilutive income (loss) per share (in shares)	326,584			145,334			326,584	145,334