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TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Contract Liability Balance
The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts as of December 31, 2022 and 2021:
Contract Liability(1)
December 31, 2022December 31, 2021
Beginning Balance January 1$5,339,364 $6,104,979 
Unrecognized Performance Obligations 1,175,824 199,405 
Recognized Performance Obligations (587,315)(965,020)
Ending Balance December 31$5,927,873 $5,339,364 
(1) The contract liability balance is included in unearned revenue in the Consolidated Balance Sheets.
Schedules of Concentration of Risk
The following is a breakout of the Company's transportation and distribution revenue for the years ended December 31, 2022, 2021 and 2020:
For the Years Ended December 31,
202220212020
Crude oil transportation revenue$100,351,627 82.2 %$94,935,160 81.5 %$— — %
Natural gas transportation contracts15,415,891 12.6 %15,222,145 13.1 %12,840,795 64.3 %
Natural gas distribution contracts4,899,750 4.0 %4,785,548 4.1 %4,782,284 23.9 %
Other1,341,500 1.2 %1,593,759 1.3 %2,349,272 11.8 %
Total$122,008,768 100.0 %$116,536,612 100.0 %$19,972,351 100.0 %