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2. LONG-TERM ASSET - CAROUSEL
12 Months Ended
Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
LONG-TERM ASSET - CAROUSEL

The long-term asset - Carousel balance of $3,117 at December 31, 2016 consisted of a 3.5 MT portable umbilical carousel, which we fabricated and bought back from a customer in November 2013 and were holding for sale or rental. In 2016, the Company reclassified the carousel from inventory into other assets until a sale was finalized. The reclassification was made due to the uncertainty of when it will be sold. As of December 31, 2017, a decision was made to reclassify the carousel into fixed assets, similar to other equipment in the Company’s rental pool, which are depreciated whether on rent contract or not. This is due to current ongoing discussions with customers for rental projects, rather than sales.