SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 11: SEGMENT INFORMATION

The Company operates as a single operating segment, as an energy services company that provides equipment and support services to the world’s energy and offshore industries. The Company’s chief operating decision maker “(CODM)” is its chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net income to monitor budget versus actual results in assessing segment performance and the allocation of resources. Significant segment expenses are presented in the Company’s consolidated statements of operations.

Total operating expenses are presented as follows:

	Years Ended December 31,
	2024			2023
Revenues	$	22,734		$	15,343
Share-based compensation and other personnel costs		9,426			8,221
Materials		4,064			2,452
Depreciation and amortization		571			605
Other cost of sales and selling, general and administrative expenses		6,116			5,675
Income tax expense		16			5
Interest and other (income) expense		(79	)		(61	)
Net income (loss)	$	2,620		$	(1,554	)

The CODM regularly reviews asset information by consolidated assets since we only have one reportable segment.