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Revenue and Accounts Receivable
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Revenue and Accounts Receivable
NOTE 6 — Revenue and Accounts Receivable
Revenue
The following table disaggregates the revenue included in the condensed consolidated statements of operations and comprehensive loss into its major components:
Period fromPeriod from
April 1 – June 30, 2024 (Successor)June 8 – June 30, 2023 (Successor)April 1 – June 7, 2023 (Predecessor)January 1 - June 30, 2024 (Successor)June 8 – June 30, 2023 (Successor)January 1 – June 7, 2023 (Predecessor)
Feasibility studies$— $— $125 $— $— $175 
Test data sales238 — — 238 — — 
Total revenue$238 $— $125 $238 $— $175 
Performance Obligations
Revenue recognized under contracts with customers exclusively includes the performance obligations satisfied in the applicable reporting period.
Accounts Receivable
Accounts receivable, net consists of the following balances included in the condensed consolidated balance sheets:
June 30, 2024 (Successor)December 31, 2023 (Successor)
Accounts receivable, gross$$58 
Unbilled revenue238 — 
Accounts receivable, net$243 $58 
During the period from April 1, 2024 through June 30, 2024 (Successor), the period from January 1, 2024 through June 30, 2024 (Successor), and the period from June 8, 2023 through June 30, 2023 (Successor), the Company did not record any provision for credit losses within General and administrative expense on the condensed consolidated statements of operations and comprehensive loss associated with its accounts receivable. During the period from January 1, 2023 through June 7, 2023 (Predecessor), the Company recorded an allowance for doubtful accounts equal to $352 within General and administrative expense on the condensed consolidated statements of operations and comprehensive loss associated with its accounts receivable.