SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes the carrying values of the assets and liabilities of the DevCo JVs that were consolidated by the Company as of June 30, 2026 and December 31, 2025 (in thousands):


	June 30, 2026		December 31, 2025
Assets
Cash and cash equivalents	$	337	$	560
Account receivable	1,633		3,820
Other current assets	300		—

Total assets	2,270		4,380
Liabilities
Accounts payable	157		440

Total liabilities	$	157	$	440

Schedule of Allowance for Credit Loss

The following table presents the changes in the current expected credit losses during the six months ended June 30, 2026 and 2025 (in thousands):


	June 30, 2026		June 30, 2025
Balance as of beginning of period	$	3,893	$	9,794
Provision for expected credit losses	17		1,547
Write-offs, recoveries and other charges against allowance	(1,190)		(5,088)

Balance as of end of period	$	2,720	$	6,253

Schedule of Significant Customers

For each significant customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable were as follows:

Accounts Receivable

Revenue

June 30,

December 31,

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

2026

2025

Customers:

Customer A

Customer B

Customer C

*Total less than 10% for the period.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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