Note 3 - Revenues From Contracts With Customers and Other Revenues

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

3. Revenues from Contracts with Customers and Other Revenues

The Company’s current and historical revenues have consisted of the following: (a) hydrocarbon revenue; (b) ethanol sales and related products revenue, net; and (c) other revenue, which primarily consists of rental income.

The following table sets forth the components of the Company’s revenues between those generated from contracts with customers and those generated from arrangements that do not constitute a contract with a customer (in thousands):

	Three Months Ended September 30, 2021
Major Goods/Service Line	Revenues from Contracts with Customers		Other Revenues			Total
Ethanol sales and related products, net	$	16	$	—		$	16
Hydrocarbon revenue		104		—			104
Other revenue		—		22			22
	$	120	$	22		$	142
Timing of Revenue Recognition
Goods transferred at a point in time	$	120	$	(3	)	$	117
Services transferred over time		—		25			25
	$	120	$	22		$	142

	Three Months Ended September 30, 2020
Major Goods/Service Line	Revenues from Contracts with Customers		Other Revenues		Total
Ethanol sales and related products, net	$	21	$	—	$	21
Hydrocarbon revenue		101		—		101
Other revenue		70		—		70
	$	192	$	—	$	192
Timing of Revenue Recognition
Goods transferred at a point in time	$	122	$	—	$	122
Services transferred over time		70		—		70
	$	192	$	—	$	192

	Nine Months Ended September 30, 2021
Major Goods/Service Line	Revenues from Contracts with Customers		Other Revenues		Total
Ethanol sales and related products, net	$	16	$	—	$	16
Hydrocarbon revenue		463		—		463
Other revenue		—		178		178
	$	479	$	178	$	657
Timing of Revenue Recognition
Goods transferred at a point in time	$	479	$	—	$	479
Services transferred over time		—		178		178
	$	479	$	178	$	657

	Nine Months Ended September 30, 2020
Major Goods/Service Line	Revenues from Contracts with Customers		Other Revenues		Total
Ethanol sales and related products, net	$	3,804	$	—	$	3,804
Hydrocarbon revenue		1,085		—		1,085
Other revenue		116		—		116
	$	5,005	$	—	$	5,005
Timing of Revenue Recognition
Goods transferred at a point in time	$	4,889	$	—	$	4,889
Services transferred over time		116		—		116
	$	5,005	$	—	$	5,005