v3.26.3
Property and Equipment, net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net

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), $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.