Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE        
Total revenue $ 16,409 $ 16,020 $ 32,001 $ 31,366
COST, EXPENSES AND GAINS        
Selling, general and administrative 5,339 95,281 9,833 102,051
Depreciation, depletion, amortization and accretion 2,832 2,908 4,923 6,194
Gains on disposal of assets, net (1,077) (512) (4,549) (1,446)
Impairment of long-lived assets 31,669 0 31,669 0
Total cost, expenses and gains, net 52,808 112,007 68,919 136,196
Operating loss (36,399) (95,987) (36,918) (104,830)
OTHER INCOME (EXPENSE)        
Interest income (expense and financing charges), net 400 (1,025) 512 (7,647)
Other (expense) income, net (628) (73,668) (961) (63,516)
Total other (expense) income, net (228) (74,693) (449) (71,163)
Loss from continuing operations before income taxes (36,627) (170,680) (37,367) (175,993)
Benefit for income taxes (934) (15,055) (97) (13,270)
Net loss from continuing operations (35,693) (155,625) (37,270) (162,723)
Net income (loss) from discontinued operations, net of income taxes 44,541 (368) 45,581 (5,081)
Net income (loss) 8,848 (155,993) 8,311 (167,804)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustment 478 (114) 497 (358)
Other comprehensive income (loss) 478 (114) 497 (358)
Comprehensive income (loss) $ 9,326 $ (156,107) $ 8,808 $ (168,162)
Net income (loss) per share from continuing operations, basic (in USD per share) $ (0.74) $ (3.24) $ (0.77) $ (3.39)
Net income (loss) per share from continuing operations, diluted (in USD per share) (0.74) (3.24) (0.77) (3.39)
Net income (loss) per share from discontinued operations, basic (in USD per share) 0.92 (0.01) 0.95 (0.11)
Net income (loss) per share from discontinued operations, diluted (in USD per share) 0.92 (0.01) 0.95 (0.11)
Net loss per share, basic (in USD per share) 0.18 (3.25) 0.18 (3.50)
Net loss per share, diluted (in USD per share) $ 0.18 $ (3.25) $ 0.18 $ (3.50)
Weighted average number of shares outstanding, basic (in shares) 48,225,000 48,040,000 48,188,000 48,002,000
Weighted average number of shares outstanding, diluted (in shares) 48,225,000 48,040,000 48,188,000 48,002,000
Nonrelated Party        
OTHER INCOME (EXPENSE)        
Interest income (expense and financing charges), net $ 400 $ 504 $ 512 $ (4,619)
Related Parties        
OTHER INCOME (EXPENSE)        
Interest income (expense and financing charges), net 0 (1,529) 0 (3,028)
Services | Nonrelated Party        
REVENUE        
Total revenue 10,458 11,234 19,234 22,206
COST, EXPENSES AND GAINS        
Cost of revenue 8,686 9,622 16,113 18,841
Services | Related Parties        
REVENUE        
Total revenue 575 66 652 133
COST, EXPENSES AND GAINS        
Cost of revenue 96 118 192 236
Products        
REVENUE        
Total revenue 5,376 4,720 12,115 9,027
Products | Nonrelated Party        
COST, EXPENSES AND GAINS        
Cost of revenue $ 5,263 $ 4,590 $ 10,738 $ 10,320