| Segment Reporting |
18.
Segment Reporting
The
following table presents selected financial information for the Company’s 1single
reportable segment for the Successor period from May 7, 2026
through June 30, 2026, the Predecessor periods from April 1, 2026 through May 6, 2026 and January 1, 2026 through May 6, 2026, and the
three and six months ended June 30, 2025 (in thousands):
Schedule
of Selected Financial Information of Reportable Segment
| | |
Period from May 7, 2026 through June 30, 2026 | | |
Period from April 1, 2026 through May 6, 2026 | | |
Period from January 1, 2026 through May 6, 2026 | | |
Three Months Ended June 30, 2025 | | |
Six Months Ended June 30, 2025 | |
| | |
Successor - AIAI | | |
Predecessor - CCCI | |
| | |
Period from May 7, 2026 through June 30, 2026 | | |
Period from April 1, 2026 through May 6, 2026 | | |
Period from January 1, 2026 through May 6, 2026 | | |
Three Months Ended June 30, 2025 | | |
Six Months Ended June 30, 2025 | |
| Revenues | |
$ | 39,077 | | |
$ | 19,206 | | |
$ | 78,075 | | |
$ | 65,180 | | |
$ | 127,571 | |
| Less: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cost of sales | |
| 34,296 | | |
| 19,039 | | |
| 74,410 | | |
| 58,331 | | |
| 111,784 | |
| Acquisition and related costs | |
| 20,596 | | |
| - | | |
| - | | |
| - | | |
| - | |
| Selling, general and administrative expenses | |
| 27,415 | | |
| 1,909 | | |
| 8,874 | | |
| 5,921 | | |
| 11,931 | |
| Other segment items(1) | |
| (4,302 | ) | |
| 264 | | |
| 527 | | |
| 339 | | |
| 759 | |
| Net income (loss) | |
$ | (38,928 | ) | |
$ | (2,006 | ) | |
$ | (5,736 | ) | |
$ | 589 | | |
$ | 3,097 | |
| (1) | | Other segment items
is comprised of (Gain) loss on digital assets, state franchise tax expense, interest (income) expense, net, and income tax (benefit)
expense. |
The
Company does not hold material property and equipment or other long-lived assets outside of the United States as of June 30, 2026 (Successor)
and December 31, 2025 (Predecessor). Revenue from contracts outside the United States was 1% during the Successor period from May 7,
2026 through June 30, 2026 and zero during the Predecessor periods.
|