VARIABLE INTEREST ENTITIES	12 Months Ended
Dec. 31, 2019
Noncontrolling Interest [Abstract]
VARIABLE INTEREST ENTITIES	NOTE 13. VARIABLE INTEREST ENTITIES We have two entities that meet the definition of a VIE and, based on our determination that we are the primary beneficiary of these entities, we have consolidated the operating results, assets and liabilities of these entities. We have a 49% interest in a business venture with Kuukpik Corporation (“Kuukpik”) that performs contracts for the acquisition and development of geophysical and seismic data and for geophysical and seismic services and any and all related work anywhere on the North Slope of Alaska (onshore or offshore). The entity receives 10% of our gross revenues from all North Slope of Alaska contracts and will expire in December 2020. ASV is a multiclient seismic data library company (see Note 2) and we performed seismic services for ASV in 2015 and 2016. As of December 31, 2019 and 2018, the carrying value of assets of our VIEs that are included in the accompanying consolidated balance sheets include cash and cash equivalents of $0.4 million and $0.4 million, prepaid expenses and other current assets of $31 thousand and $31 thousand, multiclient seismic data library, net, of $2.7 million and $4.7 million and tax credits receivable, net of $12.1 million and $13.2 million, respectively. The assets presented above are net of intercompany eliminations. All liabilities associated with our VIEs as of December 31, 2019 and 2018 are eliminated in consolidation. Losses incurred by ASV were initially applied to the 100% noncontrolling equity investors until their investment balances were reduced to zero, which occurred in 2015. All subsequent losses incurred by ASV are fully absorbed by us and not allocated to the noncontrolling shareholders as we are the entity that carries the risk of loss related to ASV.

VARIABLE INTEREST ENTITIES

12 Months Ended

Dec. 31, 2019

NOTE 13. VARIABLE INTEREST ENTITIES

We have two entities that meet the definition of a VIE and, based on our determination that we are the primary beneficiary of these entities, we have consolidated the operating results, assets and liabilities of these entities. We have a 49% interest in a business venture with Kuukpik Corporation (“Kuukpik”) that performs contracts for the acquisition and development of geophysical and seismic data and for geophysical and seismic services and any and all related work anywhere on the North Slope of Alaska (onshore or offshore). The entity receives 10% of our gross revenues from all North Slope of Alaska contracts and will expire in December 2020. ASV is a multiclient seismic data library company (see Note 2) and we performed seismic services for ASV in 2015 and 2016.

As of December 31, 2019 and 2018, the carrying value of assets of our VIEs that are included in the accompanying consolidated balance sheets include cash and cash equivalents of $0.4 million and $0.4 million, prepaid expenses and other current assets of $31 thousand and $31 thousand, multiclient seismic data library, net, of $2.7 million and $4.7 million and tax credits receivable, net of $12.1 million and $13.2 million, respectively. The assets presented above are net of intercompany eliminations. All liabilities associated with our VIEs as of December 31, 2019 and 2018 are eliminated in consolidation. Losses incurred by ASV were initially applied to the 100% noncontrolling equity investors until their investment balances were reduced to zero, which occurred in 2015. All subsequent losses incurred by ASV are fully absorbed by us and not allocated to the noncontrolling shareholders as we are the entity that carries the risk of loss related to ASV.