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Business Segment, Geographic and Major Customer Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information Regarding Reportable Segments

Summarized financial information of the reportable segments is as follows (in thousands):

As of and for the three months ended March 31,			Chemistry Technologies						Data Analytics						Corporate and Other						Total
2025
Revenue from external customers
Products			$	21,263					$	1,662					$	—					$	22,925
Services			746						752						—						1,498
Total revenue from external customers			22,009						2,414						—						24,423
Revenue from related party
Products			30,700						—						—						30,700
Services			29						210						—						239
Total revenue from related parties			30,729						210						—						30,939
Cost of sales			41,295						1,618						—						42,913
Gross profit			11,443						1,006						—						12,449
Selling, general and administrative			2,166						947						3,169						6,282
Other segment items			386						183						31						600
Income (loss) from operations			$	8,891					$	(124)					$	(3,200)					$	5,567
Reconciliation of profit to income before income taxes:
Interest expense															$	(229)					$	(229)
Other income, net															106						106
Income before income taxes																					$	5,444
2024
Revenue from external customers
Products			$	11,159					$	933					$	—					$	12,092
Services			526						562						—						1,088
Total revenue from external customers			11,685						1,495						—						13,180
Revenue from related party
Products			27,014						—						—						27,014
Services			—						180						—						180
Total revenue from related parties			27,014						180						—						27,194
Cost of sales			30,298						1,255						—						31,553
Gross profit			8,401						420						—						8,821
Selling, general and administrative			1,856						683						3,548						6,087
Other segment items			439						161						26						626
Income (loss) from operations			$	6,106					$	(424)					$	(3,574)					$	2,108
Reconciliation of profit to income before income taxes:
Interest expense															(278)						(278)
Other income, net															(26)						(26)
Income before income taxes																					$	1,804

Assets of the Company by reportable segments and corporate and other are as follows (in thousands):

			March 31, 2025						December 31, 2024
Chemistry Technologies			$	149,345					$	152,161
Data Analytics			9,436						8,632
Corporate and Other			11,456						10,003
Total assets			$	170,237					$	170,796

Additions to long-lived assets by reportable segments and corporate and other are as follows (in thousands):

As of and for the three months ended March 31,			Chemistry Technologies						Data Analytics						Corporate and Other						Total
2025
Additions to long-lived assets			$	567					$	30					$	1					$	598
2024
Additions to long-lived assets			$	147					$	—					$	5					$	152

Schedule of Revenue by Geographic Location

Revenue by geographic location is as follows (in thousands):

									Three months ended March 31,
															2025						2024
U.S. (1)															$	51,526					$	39,259
UAE															3,440						741
Other countries															396						374
Total revenue															$	55,362					$	40,374

(1) Includes revenue from related party

Schedule of Revenue by Major Customers

Revenue from major customers, as a percentage of consolidated revenue, is as follows (in thousands):

						Revenue						% of Total Revenue
Three months ended March 31, 2025
Customer A (related party)						$	30,939					55.9		%
Customer B						5,821						10.5		%
Three months ended March 31, 2024
Customer A (related party)						$	27,194					67.4		%

Schedule of Expenditure With Major Suppliers by Reporting Segments

Expenditure with major suppliers, as a percentage of consolidated supplier expenditure, is as follows (in thousands):

Three months ended March 31,						Expenditure						% of Total Expenditure
2025
Supplier A						$	8,577					24.2		%
Supplier B						6,038						17.1		%
Supplier C						4,762						13.5		%
2024
Supplier D						$	7,747					29.7		%
Supplier E						5,020						19.2		%

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Schedule of Expenditure With Major Suppliers By Reporting Segments

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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