| Schedule of segment reporting information |
2025 | | | | | | | | | | | | | | | | | | HFS - South | | Government | | WHS | | All Other | | Total | For the Six Months Ended June 30, 2025 | | | | | | | | | | | | | | | | Revenue | | $ | 72,234 | | $ | 33,204 | | $ | 20,245 | | $ | 5,820 | (a) | $ | 131,503 | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | Labor costs | | $ | 20,111 | | $ | 3,761 | | $ | 215 | | $ | 2,370 | | $ | 26,457 | Outside services | | | 249 | | | 73 | | | 34 | | | — | | | 356 | Community operating costs | | | 26,291 | | | 9,502 | | | 218 | | | 2,878 | | | 38,889 | Costs of construction | | | 4 | | | — | | | 14,777 | | | — | | | 14,781 | Repairs and maintenance | | | 2,908 | | | 1,600 | | | 19 | | | 241 | | | 4,768 | Other costs | | | 1,091 | | | 170 | | | 26 | | | 73 | | | 1,360 | Adjusted gross profit | | $ | 21,580 | | $ | 18,098 | | $ | 4,956 | | $ | 258 | | $ | 44,892 | Depreciation of specialty rental assets | | $ | 8,933 | | $ | 15,835 | | $ | 743 | | $ | 1,745 | | $ | 27,256 | Capital expenditures (c) | | $ | 4,234 | | $ | 6,885 | | $ | 15,760 | | $ | 19 | | | | Total Assets | | $ | 171,245 | | $ | 181,801 | | $ | 15,009 | | $ | 25,659 | | $ | 393,714 | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, 2025 | | | | | | | | | | | | | | | | Revenue | | $ | 36,166 | | $ | 7,487 | | $ | 15,042 | | $ | 2,911 | (a) | $ | 61,606 | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | Labor costs | | | 10,332 | | | 2,321 | | | 133 | | | 1,269 | | | 14,055 | Outside services | | | 166 | | | 4 | | | 20 | | | — | | | 190 | Community operating costs | | | 13,187 | | | 5,158 | | | 135 | | | 1,367 | | | 19,847 | Costs of construction | | | 4 | | | — | | | 11,033 | | | — | | | 11,037 | Repairs and maintenance | | | 1,439 | | | 1,005 | | | 14 | | | 135 | | | 2,593 | Other costs | | | 491 | | | 79 | | | 20 | | | 38 | | | 628 | Adjusted gross profit | | $ | 10,547 | | $ | (1,080) | | $ | 3,687 | | $ | 102 | | $ | 13,256 | Depreciation of specialty rental assets | | $ | 4,441 | | $ | 7,904 | | $ | 372 | | $ | 867 | | $ | 13,584 | Capital expenditures (c) | | $ | 1,581 | | $ | 4,287 | | $ | 113 | | $ | 1 | | | |
2024 | | | | | | | | | | | | | | | | | | HFS - South | | Government | | WHS | | All Other | | Total | For the Six Months Ended June 30, 2024 | | | | | | | | | | | | | | | | Revenue | | $ | 75,165 | | $ | 127,466 | | $ | — | | $ | 4,762 | (a) | $ | 207,393 | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | Labor costs | | $ | 19,911 | | $ | 7,662 | | $ | — | | $ | 2,489 | | $ | 30,062 | Outside services | | | 141 | | | 56 | | | — | | | 1 | | | 198 | Community operating costs | | | 25,605 | | | 15,520 | | | — | | | 2,794 | | | 43,919 | Repairs and maintenance | | | 2,595 | | | 1,921 | | | — | | | 376 | | | 4,892 | Other costs | | | 1,007 | | | 1,030 | | | — | | | 761 | | | 2,798 | Adjusted gross profit | | $ | 25,906 | | $ | 101,277 | | $ | — | | $ | (1,659) | | $ | 125,524 | Depreciation of specialty rental assets | | $ | 11,546 | | $ | 16,234 | | $ | — | | $ | 1,806 | | $ | 29,586 | Capital expenditures (c) | | $ | 8,467 | | $ | 9,313 | | $ | — | | $ | 94 | | | | Total Assets (as of December 31, 2024) | | $ | 176,907 | | $ | 190,751 | | $ | — | | $ | 27,389 | | $ | 395,047 | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, 2024 | | | | | | | | | | | | | | | | Revenue | | $ | 38,232 | | $ | 59,860 | | $ | — | | $ | 2,629 | (a) | $ | 100,721 | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | Labor costs | | | 10,356 | | | 3,162 | | | — | | | 1,401 | | | 14,919 | Outside services | | | 77 | | | 42 | | | — | | | — | | | 119 | Community operating costs | | | 13,138 | | | 6,787 | | | — | | | 1,305 | | | 21,230 | Repairs and maintenance | | | 1,122 | | | 919 | | | — | | | 122 | | | 2,163 | Other costs | | | 474 | | | 106 | | | — | | | 35 | | | 615 | Adjusted Gross Profit | | $ | 13,065 | | $ | 48,844 | | $ | — | | $ | (234) | | $ | 61,675 | Depreciation of specialty rental assets | | $ | 5,845 | | $ | 8,058 | | $ | — | | $ | 902 | | $ | 14,805 | Capital expenditures (c) | | $ | 5,691 | | $ | 2,745 | | $ | — | | $ | 86 | | | |
| (a) | Revenues from segments below the quantitative thresholds are reported in the “All Other” category previously described. |
| (b) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. There are no intersegment expenses. Note that community operating costs consist primarily of catering food purchases, lodge supplies, apparel and uniform expenses, linen expenses, operating lease expense for land, facilities, and equipment to service certain communities, property taxes, and utility costs. Other costs includes transportation and travel expenses, including the cost of relocating community assets. |
| (c) | The primary difference between capital expenditures allocated to segments included in the tables above and total capital expenditures for the Company is the amount of expenditures incurred for corporate unallocated amounts, which is not included in segment information. Such unallocated corporate capital expenditure amounts for the six months ended June 30, 2025 and 2024 were approximately $0.3 million and $0.5 million, respectively. Such unallocated corporate capital expenditure amounts for the three months ended June 30, 2025 and 2024 were less than $0.1 million and approximately $0.1 million, respectively. |
|
| Schedule of reconciliation of total segment adjusted gross profit |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | | | | | | | | | | | | | Total reportable segment adjusted gross profit | | $ | 13,154 | | $ | 61,909 | | $ | 44,634 | | $ | 127,183 | Other adjusted gross profit | | | 102 | | | (234) | | | 258 | | | (1,659) | Depreciation and amortization | | | (17,666) | | | (18,713) | | | (35,311) | | | (37,378) | Selling, general, and administrative expenses | | | (12,664) | | | (13,457) | | | (27,469) | | | (28,312) | Other income (expense), net | | | 156 | | | 46 | | | (106) | | | 156 | Loss on extinguishment of debt | | | — | | | — | | | (2,370) | | | — | Interest expense, net | | | (937) | | | (4,273) | | | (5,266) | | | (8,861) | Change in fair value of warrant liabilities | | | — | | | — | | | — | | | 675 | Consolidated income (loss) before income taxes | | $ | (17,855) | | $ | 25,278 | | $ | (25,630) | | $ | 51,804 |
|