v3.26.1
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATION OF REVENUE

 

   Treatment   Services   Total   Treatment   Services   Total 
Revenue by Contract Type                        
(In thousands)  Twelve Months Ended   Twelve Months Ended 
   December 31, 2025   December 31, 2024 
   Treatment   Services   Total   Treatment   Services   Total 
Fixed price  $45,097   $4,491   $49,588   $34,953   $18,750   $53,703 
Time and materials    —    12,086    12,086     —    5,414    5,414 
Total  $45,097   $16,577   $61,674   $34,953   $24,164   $59,117 

 

   Treatment   Services   Total   Treatment   Services   Total 
Revenue by generator                        
(In thousands)  Twelve Months Ended   Twelve Months Ended 
   December 31, 2025   December 31, 2024 
   Treatment   Services   Total   Treatment   Services   Total 
Domestic government  $29,093   $14,247   $43,340   $24,487   $22,389   $46,876 
Domestic commercial   10,272    1,622    11,894    8,566    1,223    9,789 
Foreign government   4,686    489    5,175    509    463    972 
Foreign commercial   1,046    219    1,265    1,391    89    1,480 
Total  $45,097   $16,577   $61,674   $34,953   $24,164   $59,117 
SCHEDULE OF CONTRACT BALANCES

 

           Year-to-date   Year-to-date 
(In thousands)  December 31, 2025   December 31, 2024   Change ($)   Change (%) 
Contract assets                    
Unbilled receivables - current  $8,781   $4,990   $3,791    76.0%
                     
Contract liabilities                    
Deferred revenue  $7,007   $6,711   $296    4.4%

 

The increase in unbilled receivables from 2024 to 2025 was primarily due to timing difference between completion of revenue recognition and agreed upon invoicing terms at one of our Treatment facilities.

 

           Year-to-date   Year-to-date 
(In thousands)  December 31, 2024   December 31, 2023   Change ($)   Change (%) 
Contract assets                    
Unbilled receivables - current  $4,990   $8,432   $(3,442)   (40.8)%
                     
Contract liabilities                    
Deferred revenue  $6,711   $6,815   $(104)   (1.5)%
SCHEDULE OF CHANGES IN ACCOUNTS RECEIVABLE, NET OF CREDIT LOSSES

The following table represents changes in accounts receivable, net of credit losses, for the periods noted:

 

           Year-to-date   Year-to-date 
(In thousands)  December 31, 2025   December 31, 2024   Change ($)   Change (%) 
                     
Accounts Receivable (net)  $11,228   $11,579   $(351)   (3.0)%

 

           Year-to-date   Year-to-date 
   December 31, 2024   December 31, 2023   Change ($)   Change (%) 
                     
Accounts Receivable (net)  $11,579   $9,722   $1,857    19.1%