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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 11: 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:

        
   Years Ended December 31, 
   2025   2024 
Revenues  $24,051   $22,734 
Share-based compensation and other personnel costs   10,794    9,426 
Materials   3,478    4,064 
Depreciation and amortization   590    571 
Other cost of sales and selling, general and administrative expenses   9,558    6,116 
Income tax expense   73    16 
Interest and other (income) expense   (404)   (79)
Net (loss) income  $(38)  $2,620 

 

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