Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the assets and liabilities was as follows for DVSL JVCo:

(Dollars in thousands)	March 31, 2026		December 31, 2025
Current assets:
Cash and restricted cash	$	4,232	$	3,305
Accounts receivable, net	966		805
Other receivable, related party	1,549		1,661
Prepaid expenses and other current assets	84		85
Total current assets	6,831		5,856
Other assets, related party	2,091		2,091
Operating lease right-of-use assets	38		39
Deposits on equipment	-		-
Property, plant and equipment, net	11,750		12,035
Total assets	$	20,710	$	20,021
Current liabilities:
Due to intercompany	$	190	$	152
Accrued liabilities	710		909
Income tax payable	29		26
Current portion of debt	1,192		1,139
Customer deposits	840		789
Operating lease liability	4		4
Total current liabilities	2,965		3,019
Operating lease liability	33		34
Long term debt	2,823		2,920
Customer deposits- long term	848		320
Other liabilities, related party	699		699
Total liabilities	$	7,368	$	6,992

The carrying amount of the VIE’s assets and liabilities was as follows for DVCC:

(Dollars in thousands)	March 31, 2026		December 31, 2025
Current assets:
Cash and restricted cash	$	1,365	$	1,122
Accounts receivable	34		27
Prepaid expenses and other current assets	89		91
Other receivable, related party	437		584
Total current assets	1,925		1,824
Other assets, related party	2,091		2,091
Operating lease right-of-use assets	38		39
Property, plant and equipment, net	13,727		14,795
Total assets	$	17,781	$	18,749
Current liabilities:
Due to intercompany	$	1,643	$	1,583
Accounts payable	9		—
Accrued liabilities	706		833
Operating lease liability	4		4
Customer deposits	91		—
Income tax payable	—		6
Total current liabilities	2,453		2,426
Operating lease liability	33		34
Total liabilities	$	2,486	$	2,460

The carrying amount of the assets and liabilities was as follows for DVSL II JVCo:

(Dollars in thousands)	March 31, 2026		December 31, 2025
Current assets:
Cash and restricted cash	$	3,876	$	7,969
Accounts receivable, trade	6,613		3,054
Accounts receivable, intercompany	2,820		175
Prepaid expenses and other current assets	56		77
Other receivable, related party	790		2,580
Total current assets	14,155		13,855
Other assets, related party	4,036		4,036
Operating lease right-of-use assets	72		74
Property, plant and equipment, net	23,797		24,296
Total assets	$	42,060	$	42,261
Current liabilities:
Accounts payable, trade	$	—	$	8
Accounts payable, related party	771		627
Accrued liabilities	6,390		5,160
Income tax payable	14		13
Current portion of debt	2,431		2,574
Other current liabilities	—		91
Operating lease liability	8		8
Total current liabilities	9,614		8,481
Other liabilities	2,281		2,071
Other liabilities-related party	854		854
Long-term debt	7,320		7,293
Operating lease liability	64		66
Total liabilities	$	20,133	$	18,765

The carrying amount of the assets and liabilities was as follows for KKSL JVCo:

(Dollars in thousands)	March 31, 2026		December 31, 2025
Current assets:
Cash and restricted cash	$	2,407	$	1,621
Accounts receivable	274		—
Due from intercompany	922		725
Loan commitment assets	3,018		3,018
Prepaid expenses and other current assets	459		393
Total current assets	7,080		5,757
Other assets, related party	3,300		3,300
Finance lease right-of-use assets	1,795		2,246
Property, plant and equipment, net	22,832		15,918
Deposits on equipment	2,833		1,377
Total assets	$	37,840	$	28,598
Current liabilities:
Accounts payable, trade	$	1,593	$	2,236
Accounts payable, related party	2,935		2,590
Accrued liabilities	2,394		2,152
Finance lease liability	22		20
Total current liabilities	6,944		6,998
Other liabilities- related party	1,373		1,373
Finance lease liability	1,775		2,236
Total liabilities	$	10,092	$	10,607