Related Party Transactions

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Other Purchases and Sales

During the six months ended June 30, 2020 and 2019, the Company paid Applied Cryo Technologies, Inc. (“ACT”), a company owned 51% by Crenshaw Family Holdings International, Inc., $73 thousand and $158 thousand, respectively, for equipment repairs and services. During the three months ended June 30, 2020 and 2019, the Company paid ACT $40 thousand and $109 thousand, respectively, for equipment repairs and services. The Company had no sales to ACT during the three and six months ended June 30, 2020 and 2019, respectively. As of December 31, 2019, the Company had $4 thousand due from ACT included in accounts receivable on the condensed consolidated balance sheets. There was no receivable due from ACT as of June 30, 2020. As of December 31, 2019, the Company had $24 thousand, respectively, due to ACT included in accounts payable on the condensed consolidated balance sheets. There was no payable due to ACT as of June 30, 2020.

The Company purchases supplies and services from a subsidiary of The Modern Group. Casey Crenshaw is the beneficial owner of 25% of the Modern Group and is deemed to jointly control The Modern Group with family members. During the six months ended June 30, 2020 and 2019, the Company made purchases of supplies and services from a subsidiary of The Modern Group totaling $195 thousand and $31 thousand, respectively. During the three months ended June 30, 2020 and 2019, the

Company made purchases of supplies and services from a subsidiary of The Modern Group totaling $162 thousand and $17 thousand, respectively. There was no receivable due from The Modern Group as of June 30, 2020 and December 31, 2019. As of June 30, 2020 and December 31, 2019 the Company had $149 thousand and $22 thousand, respectively, due to The Modern Group included in accounts payable on the condensed consolidated balance sheets.

During the six months ended June 30, 2020, purchases from Chart Energy & Chemicals, Inc. (“Chart E&C”) totaled $20 thousand. The Company made no purchases during the six months ended June 30, 2019. During the three months ended June 30, 2020, purchases from Chart E&C totaled $10 thousand. The Company made no purchases during the three months ended June 30, 2019. As of June 30, 2020 and December 31, 2019 the Company had $9 thousand and $8 thousand, respectively, due to Chart E&C included in accounts payable on the condensed consolidated balance sheets.