| Schedule of segment reporting information |
| | | | | | | | | | | | | | | | | 2025 | | | | | | | | | | | | | | | | | | | HFS – South | | WHS | | Government | | All Other | | Total | | Revenue | | $ | 141,694 | | $ | 96,800 | | $ | 70,794 | | $ | 11,347 | (a) | $ | 320,635 | | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | | Labor costs | | $ | 39,886 | | $ | 1,783 | | $ | 9,097 | | $ | 4,698 | | $ | 55,464 | | Outside service | | | 560 | | | 111 | | | 96 | | | — | | | 767 | | Community operating costs | | | 53,139 | | | 2,479 | | | 19,269 | | | 5,664 | | | 80,551 | | Costs of construction | | | — | | | 69,553 | | | — | | | — | | | 69,553 | | Repairs and maintenance | | | 5,423 | | | 272 | | | 3,119 | | | 575 | | | 9,389 | | Other costs | | | 2,258 | | | 2,005 | | | 653 | | | 154 | | | 5,070 | | Adjusted gross profit | | $ | 40,428 | | $ | 20,597 | | $ | 38,560 | | $ | 256 | | $ | 99,841 | | Depreciation of specialty rental assets | | $ | 17,761 | | $ | 5,044 | | $ | 30,894 | | $ | 3,483 | | $ | 57,182 | | Capital expenditures (c) | | $ | 5,549 | | $ | 56,394 | | $ | 10,017 | | $ | 218 | | | | | Total Assets | | $ | 165,406 | | $ | 63,934 | | $ | 157,460 | | $ | 21,100 | | $ | 407,900 | |
| | | | | | | | | | | | | | | | 2024 | | | | | | | | | | | | | | | | | | HFS – South | | WHS | | Government | | All Other | | Total | Revenue | | $ | 149,931 | | $ | — | | $ | 224,650 | | $ | 11,691 | (a) | $ | 386,272 | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | Labor costs | | $ | 40,044 | | $ | — | | $ | 10,706 | | $ | 5,066 | | $ | 55,816 | Outside service | | | 293 | | | — | | | 100 | | | 1 | | | 394 | Community operating costs | | | 51,286 | | | — | | | 23,979 | | | 5,833 | | | 81,098 | Repairs and maintenance | | | 5,144 | | | — | | | 3,375 | | | 680 | | | 9,199 | Other costs | | | 2,342 | | | — | | | 1,222 | | | 858 | | | 4,422 | Adjusted gross profit | | $ | 50,822 | | $ | — | | $ | 185,268 | | $ | (747) | | $ | 235,343 | Depreciation of specialty rental assets | | $ | 21,577 | | $ | — | | $ | 32,010 | | $ | 3,577 | | $ | 57,164 | Capital expenditures (c) | | $ | 15,806 | | $ | — | | $ | 15,498 | | $ | 445 | | | | Total Assets | | $ | 176,907 | | $ | — | | $ | 190,751 | | $ | 27,389 | | $ | 395,047 |
| | | | | | | | | | | | | | | | | 2023 | | | | | | | | | | | | | | | | | | | HFS – South | | WHS | | Government | | All Other | | Total | | Revenue | | $ | 148,677 | | $ | — | | $ | 403,724 | | $ | 11,207 | (a) | $ | 563,608 | | Less: Adjusted Cost of Sales (b) | | | | | | | | | | | | | | | | | Labor costs | | $ | 37,652 | | $ | — | | $ | 18,643 | | $ | 4,681 | | $ | 60,976 | | Outside service | | | 497 | | | — | | | 148 | | | 10 | | | 655 | | Community operating costs | | | 50,592 | | | — | | | 43,265 | | | 6,474 | | | 100,331 | | Repairs and maintenance | | | 4,464 | | | — | | | 5,673 | | | 579 | | | 10,716 | | Other costs | | | 4,028 | | | — | | | 3,515 | | | 1,437 | | | 8,980 | | Adjusted gross profit | | $ | 51,444 | | $ | — | | $ | 332,480 | | $ | (1,974) | | $ | 381,950 | | Depreciation of specialty rental assets | | $ | 24,557 | | $ | — | | $ | 39,984 | | $ | 4,085 | | $ | 68,626 | | Capital expenditures (c) | | $ | 33,729 | | $ | — | | $ | 30,363 | | $ | 514 | | | | |
(a)Revenues from operating 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 the segment information. Such unallocated corporate expenditure amounts for the years ended December 31, 2025, 2024, and 2023, were approximately $0.5 million, $0.8 million, and $1.0 million, respectively.
|
| Schedule of reconciliation of total segment adjusted gross profit |
| | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | December 31, 2023 | Total reportable segment adjusted gross profit | | $ | 99,585 | | $ | 236,090 | | $ | 383,924 | Other adjusted gross profit | | | 256 | | | (747) | | | (1,974) | Depreciation and amortization | | | (73,386) | | | (72,806) | | | (83,977) | Selling, general, and administrative expenses | | | (58,508) | | | (54,258) | | | (56,126) | Other income (expense), net | | | (2,694) | | | 502 | | | (1,241) | Loss on extinguishment of debt | | | (2,370) | | | — | | | (2,279) | Interest expense, net | | | (6,086) | | | (16,619) | | | (22,639) | Change in fair value of warrant liabilities | | | — | | | 675 | | | 9,062 | Consolidated income (loss) before income taxes | | $ | (43,203) | | $ | 92,837 | | $ | 224,750 |
|