Revenue Recognition |
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| Schedule of Disaggregation of Revenue [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Recognition | Note 4. Revenue Recognition
The Company is in the business of developing geologic repository technology for the purpose of nuclear waste storage or disposal activities, including any related consulting services for such activities.
Disaggregation of Revenue
The Company’s business segments are organized based on the nature and economic characteristics of our services, ensuring meaningful disaggregation of each segment’s operational results. The following tables provide a detailed breakdown of our revenue:
Revenue by Contract Type (in thousands)
Revenue by Generator (in thousands)
Contract Balances
The timing of revenue recognition and billings results in unbilled receivables (contract assets). The Company’s contract liabilities consist of deferred revenues which represent advance payments from customers in advance of the completion of our performance obligations.
The following tables represent changes in our contract assets. Our contract assets of $275 thousand as of December 31, 2025 relate to various customers for nuclear waste disposal services which are expected to be completed in 2026.
Contract Assets (in thousands)
Revenue recognized in each period relates to performance obligations satisfied within the respective period. The Company had $150 thousand and contract liabilities as of December 31, 2025 and 2024. Allowance for Credit Losses (in thousands)
An allowance of $118 thousand and $128 thousand has been recorded as of December 31, 2025 and December 31, 2024, respectively.
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