XML 50 R40.htm IDEA: XBRL DOCUMENT v3.23.2
SUPPLEMENTAL PURCHASE AGREEMENT TRANSACTION INFORMATION - Statement of comprehensive loss (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues $ 20,219   $ 4,765   $ 49,627 $ 26,699
Operating costs:            
Operating expenses 19,906   6,785   43,688 21,188
General and administrative 2,977   2,828   6,476 8,696
Depreciation and amortization 2,113   3,010   4,813 6,111
Total cost and expenses 24,996   12,623   54,977 35,995
(Loss) income from operations (4,777)   (7,858)   (5,350) (9,296)
Other income (expense):            
Interest income 136   30   244 56
Interest expense (14)   (9)   (31) (20)
Other income (expense), net 143   273   195 312
(Loss) income before income tax (4,512)   (7,564)   (4,942) (8,948)
Income tax benefit (expense): 82   (15)   99 (16)
Net income (loss) (4,430) $ (413) (7,579) $ (1,385) (4,843) (8,964)
Other comprehensive income (loss):            
Net unrealized loss on foreign exchange rate translation 249   (439)   243 (672)
Comprehensive (loss) income $ (4,181)   $ (8,018)   $ (4,600) $ (9,636)
Basic loss per share of common stock $ (0.18)   $ (0.30)   $ (0.19) $ (0.36)
Diluted loss per share of common stock $ (0.18)   $ (0.30)   $ (0.19) $ (0.36)
Weighted average equivalent common shares outstanding 25,000,564   25,000,564   25,000,564 24,855,667
Weighted average equivalent common shares outstanding - assuming dilution 25,000,564   25,000,564   25,000,564 24,855,667
Eliminations and Other Adjustments            
Operating revenues     $ (206)     $ (1,532)
Operating costs:            
Operating expenses     (206)     (1,532)
Total cost and expenses     $ (206)     $ (1,532)
Other comprehensive income (loss):            
Basic loss per share of common stock     $ 0.02     $ 0.06
Diluted loss per share of common stock     $ 0.02     $ 0.06
Weighted average equivalent common shares outstanding     1,188,235     1,102,892
Weighted average equivalent common shares outstanding - assuming dilution     1,188,235     1,102,892
Previously reported            
Operating revenues     $ 921     $ 19,280
Operating costs:            
Operating expenses     4,013     16,651
General and administrative     2,415     7,946
Depreciation and amortization     2,451     5,085
Total cost and expenses     8,879     29,682
(Loss) income from operations     (7,958)     (10,402)
Other income (expense):            
Interest income     29     54
Interest expense     (9)     (20)
Other income (expense), net     276     315
(Loss) income before income tax     (7,662)     (10,053)
Income tax benefit (expense):     (16)     (16)
Net income (loss)     (7,678)     (10,069)
Other comprehensive income (loss):            
Net unrealized loss on foreign exchange rate translation     (439)     (672)
Comprehensive (loss) income     $ (8,117)     $ (10,741)
Basic loss per share of common stock     $ (0.32)     $ (0.42)
Diluted loss per share of common stock     $ (0.32)     $ (0.42)
Weighted average equivalent common shares outstanding     23,812,329     23,752,775
Weighted average equivalent common shares outstanding - assuming dilution     23,812,329     23,752,775
Adjustment | Breckenridge Geophysical, LLC            
Operating revenues     $ 4,050     $ 8,951
Operating costs:            
Operating expenses     2,978     6,069
General and administrative     413     750
Depreciation and amortization     559     1,026
Total cost and expenses     3,950     7,845
(Loss) income from operations     100     1,106
Other income (expense):            
Interest income     1     2
Other income (expense), net     (3)     (3)
(Loss) income before income tax     98     1,105
Income tax benefit (expense):     1      
Net income (loss)     99     1,105
Other comprehensive income (loss):            
Comprehensive (loss) income     $ 99     $ 1,105