| Schedule of Property, Plant, and Equipment |
Property, plant and equipment consists of the following:
|
|
|
|
|
Successor
|
| |
|
Useful Life
(years)
|
|
March 31,
2025
|
|
December 31,
2024
|
|
Land
|
|
|
|
$
|
5,955 |
|
|
$
|
5,950 |
|
|
Buildings and leasehold improvements
|
|
25 |
|
|
19,440 |
|
|
|
19,308 |
|
|
Computer, software, and office equipment
|
|
3 – 5 |
|
|
2,973 |
|
|
|
2,917 |
|
|
Machinery and equipment
|
|
3 – 10 |
|
|
132,699 |
|
|
|
122,932 |
|
|
Vehicles
|
|
5 |
|
|
53,848 |
|
|
|
53,154 |
|
|
Construction in progress
|
|
|
|
|
4,654 |
|
|
|
6,878 |
|
|
Total property, plant and equipment
|
|
|
|
|
219,569 |
|
|
|
211,139 |
|
|
Accumulated depreciation
|
|
|
|
|
(36,096 |
)
|
|
|
(21,906 |
)
|
|
Property, plant and equipment, net
|
|
|
|
$
|
183,473 |
|
|
$
|
189,233 |
|
Total depreciation expense for property, plant and equipment was recognized as follows:
|
|
|
Three Months Ended
March 31,
|
| |
|
Successor
2025
|
|
Predecessor
2024
|
|
Cost of revenue
|
|
$
|
15,362 |
|
$
|
9,061 |
|
Selling, general and administrative expenses
|
|
|
235 |
|
|
132 |
|
Total depreciation expense
|
|
$
|
15,597 |
|
$
|
9,193 |
|
Property, plant and equipment consists of the following:
|
|
|
Useful Life
(years)
|
|
Successor
December 31,
2024
|
|
Predecessor
December 31,
2023
|
|
Land
|
|
|
|
$
|
5,950 |
|
|
$
|
5,387 |
|
|
Buildings and leasehold improvements
|
|
25 |
|
|
19,308 |
|
|
|
20,208 |
|
|
Computer, software, and office equipment
|
|
3 – 5 |
|
|
2,917 |
|
|
|
4,669 |
|
|
Machinery and equipment
|
|
3 – 10 |
|
|
122,932 |
|
|
|
167,261 |
|
|
Vehicles
|
|
5 |
|
|
53,154 |
|
|
|
69,305 |
|
|
Construction in progress
|
|
|
|
|
6,878 |
|
|
|
2,904 |
|
|
Total property, plant and equipment
|
|
|
|
|
211,139 |
|
|
|
269,734 |
|
|
Accumulated depreciation
|
|
|
|
|
(21,906 |
)
|
|
|
(157,470 |
)
|
|
Property, plant and equipment, net
|
|
|
|
$
|
189,233 |
|
|
$
|
112,264 |
|
Total depreciation expense for property, plant and equipment was recognized as follows:
|
|
|
2024
|
|
2023
|
|
2022
|
| |
|
Successor
July 30 to
December 31
|
|
Predecessor
January 1 to
July 29
|
|
Predecessor
January 1 to
December 31
|
|
Predecessor
January 1 to
December 31
|
|
Cost of revenue
|
|
$
|
25,282 |
|
$
|
22,123 |
|
$
|
54,504 |
|
$
|
46,137 |
|
Selling, general and administrative expenses
|
|
|
237 |
|
|
222 |
|
|
898 |
|
|
1,204 |
|
Total depreciation expense
|
|
|
25,519 |
|
|
22,345 |
|
|
55,402 |
|
|
47,341 |
|