v3.26.1
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment

4. Property and Equipment, net

Property and Equipment, net of accumulated depreciation is as follows (in thousands):

 

Category

 

Successor - AIAI
June 30, 2026

 

 

Predecessor - CCCI
December 31, 2025

 

Land

$

 

365

 

$

 

365

 

Buildings and improvements

 

—

 

 

—

 

Construction equipment

 

 

28,158

 

 

 

33,144

 

Transportation equipment

 

 

1,430

 

 

 

2,330

 

Computer and information technology equipment

 

 

78

 

 

—

 

Furniture & fixtures

 

 

4

 

 

 

29

 

Office equipment

 

 

44

 

 

 

255

 

Leasehold improvements

 

 

1,411

 

 

 

1,535

 

Total property and equipment

$

 

31,490

 

$

 

37,658

 

Less: Accumulated depreciation

 

 

(724

)

 

 

(13,775

)

Construction in progress

 

 

-

 

 

—

 

Total property and equipment, net

$

 

30,766

 

$

 

23,883

 

 

Depreciation expense totaled $0.8 million from May 7, 2026 through June 30, 2026 (Successor), and $0.5 million from April 1, 2026 through May 6, 2026 (Predecessor), and $1.6 million from January 1, 2026 through May 6, 2026 (Predecessor). Depreciation expense totaled $0.8 million and $1.6 million for the three- and six-months ended June 30, 2025 (Predecessor), respectively.