XML 17 R10.htm IDEA: XBRL DOCUMENT
v3.25.2

REVISIONS OF PREVIOSULY ISSED FINANCIAL STATEMENTS | 6 Months Ended
--- | ---
Jun. 30, 2025
Prior Period Adjustment [Abstract] |
REVISIONS OF PREVIOSULY ISSED FINANCIAL STATEMENTS | # NOTE 2 – REVISIONS OF PREVIOSULY ISSED FINANCIAL STATEMENTS The Company identified certain errors in its previously issued December 31, 2023 audited consolidated financial statements related to the presentation between cost of tool rental revenue and cost of product sale revenue. Through management's review of classification within the consolidated statements of income and comprehensive income, the Company identified that the cost of revenue for the sale of accessories was historically presented within cost of tool rental revenue, as opposed to correctly presented within cost of product sale revenue, whereas the associated accessory revenue is presented in product sale revenue. Management evaluated these errors in accordance with SEC Staff Accounting Bulletin Number 99, Materiality (“SAB 99”), which is since codified in Accounting Standards Codification 250, Accounting Changes and Error Corrections (“ASC 250”). The Company performed a quantitative and qualitative assessment of the errors and determine that the errors did not have a material impact to previously issued financial statements. Management noted that the presentation errors identified resulted in a net zero impact to total costs and other deductions or net income. Therefore, these immaterial errors have been corrected in the current period in accordance with the guidance under SAB 99 and ASC 250. The audited consolidated financial statements presented herein for the three and six months ended June 30, 2024 have been revised to correct the errors described above in accordance with SEC SAB Topic 1.M, as codified in ASC 250.
|  | Three months ended June 30, 2024 |
(In thousands) |  | As Previously Reported |  |  | Total Adjustment |  |  | As Revised |
Cost of tool rental revenue |  | $ | 7,454 |  |  | $ | (456 | ) |  | $ | 6,998 |
Cost of product sale revenue |  |  | 2,544 |  |  |  | 456 |  |  |  | 3,000 |
|  | Six months ended June 30, 2024 |
(In thousands) |  | As Previously Reported |  |  | Total Adjustment |  |  | As Revised |
Cost of tool rental revenue |  | $ | 14,455 |  |  | $ | (973 | ) |  | $ | 13,482 |
Cost of product sale revenue |  |  | 4,080 |  |  |  | 973 |  |  |  | 5,053 |

X
- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 + Details
Name: | us-gaap_ErrorCorrectionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PriorPeriodAdjustmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration