OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2026

OPERATING SEGMENTS

Schedule of income statements by operating segment

The following tables present the Company’s income statements by operating segment (in thousands):


	Three Months Ended June 30, 2026									Six Months Ended June 30, 2026
	USA Operations			Canada Operations			Consolidated			USA Operations			Canada Operations			Consolidated
Operating revenues
Fee revenue	$	13,176		$	830		$	14,006		$	34,041		$	12,473		$	46,514
Reimbursable revenue		3,902			4			3,906			7,910			187			8,097
		17,078			834			17,912			41,951			12,660			54,611

Operating costs:
Fee operating expenses		9,779			1,619			11,398			23,661			7,167			30,828
Reimbursable operating expenses		3,902			4			3,906			7,910			187			8,097
Operating expenses		13,681			1,623			15,304			31,571			7,354			38,925
General and administrative		3,324			328			3,652			5,800			793			6,593
Depreciation and amortization		1,755			230			1,985			3,521			461			3,982
		18,760			2,181			20,941			40,892			8,608			49,500

(Loss) income from operations		(1,682)			(1,347)			(3,029)			1,059			4,052			5,111

Other income (expense):
Interest income		26			6			32			32			9			41
Interest expense		(407)			(19)			(426)			(891)			(36)			(927)
Other income (expense), net		44			(46)			(2)			67			(46)			21
(Loss) income before income tax		(2,019)			(1,406)			(3,425)			267			3,979			4,246
Income tax expense		(15)			—			(15)			(25)			—			(25)
Net (loss) income	$	(2,034)		$	(1,406)		$	(3,440)		$	242		$	3,979		$	4,221
Other comprehensive income (loss):
Net unrealized income (loss) on foreign currency translation		—			85			85			—			(101)			(101)
Comprehensive (loss) income	$	(2,034)		$	(1,321)		$	(3,355)		$	242		$	3,878		$	4,120

Adjusted EBITDA	$	1,806			(1,163)		$	643		$	7,031		$	4,467		$	11,498


	Three Months Ended June 30, 2025									Six Months Ended June 30, 2025
	USA Operations			Canada Operations			Consolidated			USA Operations			Canada Operations			Consolidated
Operating revenues
Fee revenue	$	8,404		$	331		$	8,735		$	11,130		$	12,864		$	23,994
Reimbursable revenue		1,116			—			1,116			1,686			249			1,935
		9,520			331			9,851			12,816			13,113			25,929

Operating costs:
Fee operating expenses		6,742			859			7,601			11,357			7,204			18,561
Reimbursable operating expenses		1,116			—			1,116			1,686			249			1,935
Operating expenses		7,858			859			8,717			13,043			7,453			20,496
General and administrative		1,998			333			2,331			3,553			772			4,325
Depreciation and amortization		981			193			1,174			2,058			387			2,445
		10,837			1,385			12,222			18,654			8,612			27,266

(Loss) income from operations		(1,317)			(1,054)			(2,371)			(5,838)			4,501			(1,337)

Other income (expense):
Interest income		26			9			35			26			13			39
Interest expense		(46)			(12)			(58)			(109)			(25)			(134)
Other income (expense), net		33			5			38			74			(3)			71
(Loss) income before income tax		(1,304)			(1,052)			(2,356)			(5,847)			4,486			(1,361)
Income tax benefit		7			—			7			4			—			4
Net (loss) income	$	(1,297)		$	(1,052)		$	(2,349)		$	(5,843)		$	4,486		$	(1,357)

Adjusted EBITDA	$	(303)		$	(856)		$	(1,159)		$	(3,706)		$	4,885		$	1,179

Schedule of total assets by operating segment


		June 30,			December 31,
		2026			2025
Total Assets
United States		$	50,629		$	48,577
Canada			4,695			7,433
Total Assets		$	55,324		$	56,010

Schedule of net property and equipment, capital expenditures and operating right of use assets



		June 30,			December 31,
		2026			2025
Net Property and Equipment
United States		$	30,044		$	28,683
Canada			1,680			2,092
Total		$	31,724		$	30,775


		June 30,			June 30,
		2026			2025
Capital Expenditures
United States		$	4,919		$	683
Canada			104			—
Total Capital Expenditures		$	5,023		$	683


		June 30,			December 31,
		2026			2025
Net Operating Right-of-use Assets
United States		$	1,935		$	2,093
Canada			794			943
Total		$	2,729		$	3,036

Schedule of reconciliation of the Company's Adjusted EBITDA to net income (loss) and to net cash (used in) provided by operating activities


		June 30,			December 31,
		2026			2025
Net Operating Right-of-use Assets
United States		$	1,935		$	2,093
Canada			794			943
Total		$	2,729		$	3,036