v3.26.1
Condensed Consolidated Financial Statements' Components
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidated Financial Statements' Components CONDENSED CONSOLIDATED FINANCIAL STATEMENTS' COMPONENTS
Depreciation and Accretion
Depreciation and accretion expenses consisted of the following for the periods stated:
For the Three Months Ended June 30,
For the Six Months Ended June 30,
(Dollars in thousands)2026202520262025
Depreciation
Leasehold improvements$61 $25 $120 $52 
Asset retirement costs11 23 22 46 
Paging and computer equipment606 718 1,281 1,441 
Furniture, fixtures and vehicles80 65 157 129 
Total depreciation758 831 1,580 1,668 
Accretion171 23 341 45 
Total depreciation and accretion expense$929 $854 $1,921 $1,713 
Accounts Receivable, Net
Accounts receivable was recorded net of an allowance of $1.2 million at June 30, 2026 and $1.0 million at December 31, 2025. Our two most significant allowance accounts are: allowance for credit losses and allowance for service credits. Provisions for these allowances are recorded on a monthly basis and are included as a component of general and administrative expenses. We had an allowance for service credits of $0.3 million at June 30, 2026 and a nominal amount at December 31, 2025.
The following table summarizes the activity in the allowance for credit losses for the periods presented:
For the Six Months Ended June 30,
(Dollars in thousands)20262025
Balance at beginning of period
$906 $644 
Provisions for credit losses
469 318 
Write-offs(521)(293)
Balance at end of period
$854 $669 
Accounts receivable, net included $8.6 million and $6.3 million of unbilled receivables at June 30, 2026 and December 31, 2025, respectively. Unbilled receivables are defined as the Company's right to consideration in exchange for goods or services that we have transferred to the customer but have not yet billed for, and will generally be billed upon passage of time.
Property and Equipment, Net
Property and equipment, net consisted of the following as of the dates stated:
(Dollars in thousands)Useful Life
 (In Years)		June 30, 2026December 31, 2025
Leasehold improvements
lease term
$2,759 $2,728 
Asset retirement costs
1-15
4,212 4,212 
Paging and computer equipment
1-5
79,740 81,573 
Furniture, fixtures and vehicles
3-5
2,547 2,610 
Total property and equipment89,258 91,123 
Accumulated depreciation(83,907)(85,400)
Total property and equipment, net$5,351 $5,723 
Other (Expense) Income
For the three and six months ended June 30, 2026, the Company recognized negligible Other expense. For the three and six months ended June 30, 2025, the Company recognized other income of $0.7 million and $0.8 million, respectively. The other income for the three and six months ended June 30, 2025 primarily consisted of a gain of $0.7 million from the sale of a domain name.