XML 47 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
RESTATEMENT OF PREVIOUSLY REPORTED UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Effects of Restatement on Unaudited Condensed Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Error Corrections And Prior Period Adjustments Restatement [Line Items]        
Revenue from services $ 89,537 $ 16,883 $ 182,592 $ 54,006
Type of Revenue [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Cost of services $ 74,922 $ 19,710 $ 145,047 $ 45,715
Type of Cost, Good or Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Depreciation and amortization $ 3,613 $ 2,295 $ 6,475 $ 4,716
Gross profit (loss) 11,002 (5,122) 31,070 3,575
Operating expenses:        
Selling, general and administrative expenses 10,821 8,366 20,108 14,052
Misappropriation of funds 121 128 273 361
Total operating expenses 10,942 8,494 20,381 14,413
Operating loss 60 (13,616) 10,689 (10,838)
Other (expense) income, net:        
Interest expense, net (3,632) (2,346) (7,129) (5,487)
Foreign exchange gain (loss), net 373 (2,005) 500 (2,179)
Other income, net 784 92 913 237
Total other expense, net (2,475) (4,259) (5,716) (7,429)
(Loss) income before income taxes (2,415) (17,875) 4,973 (18,267)
Income taxes 2,853 (34) 6,519 (35)
Net loss (5,268) (17,841) (1,546) (18,232)
Less: net income attributable to noncontrolling interest 1,164 59 2,573 894
Net loss attributable to SAExploration $ (6,432) $ (17,900) $ (4,119) $ (19,126)
Loss per common share (basic and diluted) $ (0.81) $ (9.72) $ (0.53) $ (46.26)
Weighted average common shares outstanding (basic and diluted) 7,919 1,865 7,761 1,433
Previously Reported        
Error Corrections And Prior Period Adjustments Restatement [Line Items]        
Revenue from services   $ 16,883   $ 54,006
Type of Revenue [Extensible List]   us-gaap:ServiceMember   us-gaap:ServiceMember
Cost of services   $ 19,710   $ 45,715
Type of Cost, Good or Service [Extensible List]   us-gaap:ServiceMember   us-gaap:ServiceMember
Depreciation and amortization   $ 2,295   $ 4,716
Gross profit (loss)   (5,122)   3,575
Operating expenses:        
Selling, general and administrative expenses   25,763   32,140
Total operating expenses   25,763   32,140
Operating loss   (30,885)   (28,565)
Other (expense) income, net:        
Interest expense, net   (2,346)   (5,487)
Foreign exchange gain (loss), net   (2,005)   (2,179)
Other income, net   9   154
Total other expense, net   (4,342)   (7,512)
(Loss) income before income taxes   (35,227)   (36,077)
Income taxes   (1,881)   (1,257)
Net loss   (33,346)   (34,820)
Less: net income attributable to noncontrolling interest   59   894
Net loss attributable to SAExploration   $ (33,405)   $ (35,714)
Loss per common share (basic and diluted)   $ (44.90)   $ (128.90)
Weighted average common shares outstanding (basic and diluted)   749   643
Adjustments        
Error Corrections And Prior Period Adjustments Restatement [Line Items]        
Type of Revenue [Extensible List]   us-gaap:ServiceMember   us-gaap:ServiceMember
Type of Cost, Good or Service [Extensible List]   us-gaap:ServiceMember   us-gaap:ServiceMember
Operating expenses:        
Selling, general and administrative expenses   $ (17,397)   $ (18,088)
Misappropriation of funds   128   361
Total operating expenses   (17,269)   (17,727)
Operating loss   17,269   17,727
Other (expense) income, net:        
Other income, net   83   83
Total other expense, net   83   83
(Loss) income before income taxes   17,352   17,810
Income taxes   1,847   1,222
Net loss   15,505   16,588
Net loss attributable to SAExploration   $ 15,505   $ 16,588
Loss per common share (basic and diluted)   $ 35.18   $ 82.64
Weighted average common shares outstanding (basic and diluted)   1,116   790