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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
Revenues  $5,183   $5,779   $10,433   $11,570 
Share-based compensation and other personnel costs   2,355    2,077    5,120    4,493 
Materials   793    831    1,427    2,145 
Depreciation and amortization   156    135    303    293 
Other cost of sales and selling, general and administrative expenses   1,812    1,755    3,552    3,087 
Income tax expense   8    2    15    5 
Interest and other (income) expense   (2)   (5)   (16)   (13)
Net income  $61   $984   $32   $1,560 

 

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