Spin-off of Apergy Corporation (Tables)

12 Months Ended

Dec. 31, 2019

Planned Spin-Off [Abstract]

Assets and Liabilities of Apergy Upon Spin Off [Table Text Block]

The following is a summary of the assets and liabilities transferred to Apergy as part of the separation on May 9, 2018:

Assets:
Cash and cash equivalents	$	10,357
Current assets	462,620
Non-current assets	1,438,760
	$	1,911,737
Liabilities:
Current liabilities	$	185,354
Non-current liabilities	119,568
	$	304,922
Net assets distributed to Apergy Corporation	$	1,606,815
Less: Cash received from Apergy Corporation	700,000
Net distribution to Apergy Corporation	$	906,815