3. Specialty Rental Assets, Net

Specialty rental assets, net at the dates indicated below consisted of the following:

​

​

Depreciation expense of these assets is presented in depreciation of specialty rental assets in the accompanying consolidated statements of comprehensive loss. During the six months ended June 30, 2026, the Company disposed of assets with accumulated depreciation of approximately $6.8 million along with the related gross cost of approximately $7.1 million. These asset disposals resulted in a net loss on sale of specialty rental assets of approximately $0.1 million (net of sale proceeds of approximately $0.2 million) and is reported within other expense (income), net in the accompanying consolidated statement of comprehensive loss for the six months ended June 30, 2026. During the six months ended June 30, 2026, there was a non-cash change in specialty rental assets and related accumulated depreciation due to the effect of exchange rate changes in the amount of approximately $0.4 million with no net impact to specialty rental assets, net.

​

In January 2026, the Company purchased a group of assets consisting primarily of modular units for approximately $8.6 million, to support growth of the WHS segment discussed in Note 16. The acquisition was accounted for as an asset acquisition and no personnel were assumed as part of this transaction.

​

During the three months ended June 30, 2026, the Company purchased a group of assets consisting of land, and specialty rental assets (site work, and furniture & fixtures) for approximately $7.8 million, of which approximately $6.7 million is included within this asset group, to support growth of the WHS segment discussed in Note 16. The acquisition was accounted for as an asset acquisition. The Company allocated the total purchase price to identifiable tangible assets based on their relative fair values, which resulted in the entire purchase price being allocated to land and specialty rental assets.