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REVENUE | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE | NOTE 3 REVENUE Disaggregation of Revenue In general, the Company’s business segmentation is aligned according to the nature and economic characteristics of our services and provides meaningful disaggregation of each business segment’s results of operations. The following tables present further disaggregation of our revenues by different categories for our Services and Treatment Segments: Revenue by Contract Type (In thousands) SCHEDULE OF DISAGGREGATION OF REVENUE
|  | Treatment |  |  | Services |  |  | Total |  |  | Treatment |  |  | Services |  |  | Total |
|  | Twelve Months Ended |  |  | Twelve Months Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Treatment |  |  | Services |  |  | Total |  |  | Treatment |  |  | Services |  |  | Total |
Fixed price |  | $ | 34,953 |  |  | $ | 19,392 |  |  | $ | 54,345 |  |  | $ | 43,477 |  |  | $ | 41,540 |  |  | $ | 85,017 |
Time and materials |  |  | — |  |  |  | 4,772 |  |  |  | 4,772 |  |  |  | — |  |  |  | 4,718 |  |  |  | 4,718 |
Total |  | $ | 34,953 |  |  | $ | 24,164 |  |  | $ | 59,117 |  |  | $ | 43,477 |  |  | $ | 46,258 |  |  | $ | 89,735 |
Revenue by generator (In thousands)
|  | Treatment |  |  | Services |  |  | Total |  |  | Treatment |  |  | Services |  |  | Total |
|  | Twelve Months Ended |  |  | Twelve Months Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Treatment |  |  | Services |  |  | Total |  |  | Treatment |  |  | Services |  |  | Total |
Domestic government |  | $ | 24,487 |  |  | $ | 22,389 |  |  | $ | 46,876 |  |  | $ | 31,448 |  |  | $ | 39,194 |  |  | $ | 70,642 |
Domestic commercial |  |  | 8,566 |  |  |  | 1,223 |  |  |  | 9,789 |  |  |  | 10,670 |  |  |  | 6,357 |  |  |  | 17,027 |
Foreign government |  |  | 509 |  |  |  | 463 |  |  |  | 972 |  |  |  | 1,001 |  |  |  | 619 |  |  |  | 1,620 |
Foreign commercial |  |  | 1,391 |  |  |  | 89 |  |  |  | 1,480 |  |  |  | 358 |  |  |  | 88 |  |  |  | 446 |
Total |  | $ | 34,953 |  |  | $ | 24,164 |  |  | $ | 59,117 |  |  | $ | 43,477 |  |  | $ | 46,258 |  |  | $ | 89,735 |
Contract Balances The timing of revenue recognition and billings can result in unbilled receivables (contract assets). The Company’s contract liabilities consist of deferred revenues which represent advance payment from customers in advance of the completion of the Company’s performance obligation. The following table represents changes in our contract asset and contract liabilities balances for the periods noted: SCHEDULE OF CONTRACT BALANCES
(In thousands) |  | December 31, 2024 |  |  | December 31, 2023 |  |  | Year-to-date Change ($) |  |  | Year-to-date Change (%) |
Contract assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unbilled receivables - current |  | $ | 4,990 |  |  | $ | 8,432 |  |  | $ | (3,442 | ) |  |  | (40.8 | )%
Contract liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue |  | $ | 6,711 |  |  | $ | 6,815 |  |  | $ | (104 | ) |  |  | (1.5 | )%
The reduction in unbilled receivables from 2023 to 2024 was primarily due to invoicing in 2024 of two large Services Segment projects that were primarily completed by the end of 2023.
(In thousands) |  | December 31, 2023 |  |  | December 31, 2022 |  |  | Year-to-date Change ($) |  |  | Year-to-date Change (%) |
Contract assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unbilled receivables - current |  | $ | 8,432 |  |  | $ | 6,062 |  |  | $ | 2,370 |  |  |  | 39.1 | %
Contract liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue |  | $ | 6,815 |  |  | $ | 4,813 |  |  | $ | 2,002 |  |  |  | 41.6 | %
The increase in unbilled receivables from 2022 to 2023 resulted primarily from a large Services Segment project which was completed primarily by the end of 2023 and invoiced in 2024 as discussed above. Deferred revenue as of December 31, 2023, included a remaining prepayment of approximately $2,031,000 by a certain customer for a waste treatment project which was completed in 2024. During the twelve-months ended December 31, 2024, and 2023, the Company recognized revenue of $5,887,000 and $6,759,000, respectively, related to untreated waste that was in the Company’s control as of the beginning of each respective year. Revenue recognized in each period relates to performance obligations satisfied within the respective period. Accounts Receivable The following table represents changes in accounts receivable, net of credit losses, for the periods noted: SCHEDULE OF CHANGES IN ACCOUNTS RECEIVABLE, NET OF CREDIT LOSSES
(In thousands) |  | December 31, 2024 |  |  | December 31, 2023 |  |  | Year-to-date Change ($) |  |  | Year-to-date Change (%) |
Accounts Receivable (net) |  | $ | 11,579 |  |  | $ | 9,722 |  |  | $ | 1,857 |  |  |  | 19.1 | %
|  | December 31, 2023 |  |  | December 31, 2022 |  |  | Year-to-date Change ($) |  |  | Year-to-date Change (%) |
Accounts Receivable (net) |  | $ | 9,722 |  |  | $ | 9,364 |  |  | $ | 358 |  |  |  | 3.8 | %

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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