v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows:

 

   December 31, 2025   December 31, 2024   December 31, 2023 
   As of 
   December 31, 2025   December 31, 2024   December 31, 2023 
             
Cash and cash equivalents  $124,797   $107,956   $67,821 
Restricted cash – current   6,260    -    - 
Restricted cash – non-current   1,639    -    - 
Cash, cash equivalents, and restricted cash  $132,696   $107,956   $67,821 

SCHEDULE OF ESTIMATED USEFUL LIFE PROPERTY, PLANT AND EQUIPMENT

 

Buildings and leasehold improvements   5 to 25 years or the estimated lease period, whichever is shorter
Drilling rigs, plant and equipment   1 to 15 years
Office equipment (furniture and fixtures) and tools   3 to 10 years
Vehicles and cranes   5 to 10 years