Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

v3.19.1
Basis of Presentation and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Revenue Activities

Revenue activities from continuing operations during twelve months ended December 31, 2018 and 2017, respectively were as follows:

 

    Year Ended December 31,  
    2018     2017  
             
Revenues by service type:                
Well stimulation   $ 40,709,621     $ 24,464,164  
Total   $ 40,709,621     $ 24,464,164  

Schedule of Estimated Useful Lives of Property, Plant and Equipment

The estimated useful lives of our major classes of PPE are as follows:

 

Major Classes of PPE   Estimated Useful Lives
Machinery and equipment   2-7 years
Vehicles   5 years
Leasehold improvements   5 years (or the life of the lease)
Furniture and office equipment   3-5 years