SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 12: 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:

	Three Months
	Ended March 31,
	2025			2024
Revenues	$	5,250		$	5,791
Share-based compensation and other personnel costs		2,381			2,077
Materials		635			1,313
Depreciation and amortization		146			144
Other cost of sales and selling, general and administrative expenses		2,163			1,687
Income tax expense		8			3
Interest and other (income) expense		(54	)		(9	)
Net (loss) income	$	(29	)	$	576

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