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v3.24.1

Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segments |
Schedule of operating revenues, net property and equipment, and right-of-use assets by operating segment | The following tables present the Company’s operating revenues, net property and equipment and right-of-use assets by operating segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ | ​ | 2023 | ​ | 2022 (as adjusted)
Operating Revenues | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 83,823 |  | $ | 36,352
Canada | ​ | ​ | 13,023 |  | ​ | 15,278
Total | ​ | $ | 96,846 | ​ | $ | 51,630
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2023 | ​ | 2022 (as adjusted)
Net Property and Equipment | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 14,386 | ​ | $ | 18,181
Canada | ​ | ​ | 2,122 | ​ | ​ | 2,287
Total | ​ | $ | 16,508 | ​ | $ | 20,468
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2023 | ​ | 2022 (as adjusted)
Right-of-use Assets | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 2,808 | ​ | $ | 3,722
Canada | ​ | ​ | 400 | ​ | ​ | 288
Total | ​ | $ | 3,208 | ​ | $ | 4,010
Schedule of company's income statements by operating segment | The following tables present the Company’s income statements by operating segment (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Twelve Months Ended December 31, 2023
​ | USA Operations | ​ | Canada Operations | ​ | Consolidated
Operating revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee revenue | $ | 49,045 | ​ | $ | 12,402 | ​ | $ | 61,447
Reimbursable revenue | ​ | 34,778 | ​ | ​ | 621 | ​ | ​ | 35,399
​ | ​ | 83,823 | ​ | ​ | 13,023 | ​ | ​ | 96,846
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee operating expenses | ​ | 41,124 | ​ | ​ | 11,771 | ​ | ​ | 52,895
Reimbursable operating expenses | ​ | 34,528 | ​ | ​ | 621 | ​ | ​ | 35,149
Operating expenses | ​ | 75,652 | ​ | ​ | 12,392 | ​ | ​ | 88,044
General and administrative | ​ | 10,360 | ​ | ​ | 1,070 | ​ | ​ | 11,430
Severance expense | ​ | 2,208 | ​ | ​ | — | ​ | ​ | 2,208
Depreciation and amortization | ​ | 6,566 | ​ | ​ | 1,926 | ​ | ​ | 8,492
​ | ​ | 94,786 | ​ | ​ | 15,388 | ​ | ​ | 110,174
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss from operations | ​ | (10,963) | ​ | ​ | (2,365) | ​ | ​ | (13,328)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expense): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | 333 | ​ | ​ | 243 | ​ | ​ | 576
Interest expense | ​ | (75) | ​ | ​ | (28) | ​ | ​ | (103)
Other income, net | ​ | 553 | ​ | ​ | 59 | ​ | ​ | 612
Gain from employee retention credit | ​ | — | ​ | ​ | — | ​ | ​ | —
Loss before income tax | ​ | (10,152) | ​ | ​ | (2,091) | ​ | ​ | (12,243)
Income tax benefit | ​ | 96 | ​ | ​ | — | ​ | ​ | 96
Net loss | ​ | (10,056) | ​ | ​ | (2,091) | ​ | ​ | (12,147)
Other comprehensive income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized income on foreign exchange rate translation | ​ | — | ​ | ​ | 161 | ​ | ​ | 161
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Comprehensive loss | $ | (10,056) | ​ | $ | (1,930) | ​ | $ | (11,986)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Twelve Months Ended December 31, 2022
​ | USA Operations | ​ | Canada Operations | ​ | Consolidated
Operating revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee revenue | $ | 31,096 | ​ | $ | 14,975 | ​ | $ | 46,071
Reimbursable revenue | ​ | 5,256 | ​ | ​ | 303 | ​ | ​ | 5,559
​ | ​ | 36,352 | ​ | ​ | 15,278 | ​ | ​ | 51,630
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fee operating expenses | ​ | 29,543 | ​ | ​ | 11,444 | ​ | ​ | 40,987
Reimbursable operating expenses | ​ | 5,256 | ​ | ​ | 303 | ​ | ​ | 5,559
Operating expenses | ​ | 34,799 | ​ | ​ | 11,747 | ​ | ​ | 46,546
General and administrative | ​ | 14,140 | ​ | ​ | 1,315 | ​ | ​ | 15,455
Depreciation and amortization | ​ | 9,721 | ​ | ​ | 2,109 | ​ | ​ | 11,830
​ | ​ | 58,660 | ​ | ​ | 15,171 | ​ | ​ | 73,831
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Loss) income from operations | ​ | (22,308) | ​ | ​ | 107 | ​ | ​ | (22,201)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income (expense): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | 225 | ​ | ​ | 92 | ​ | ​ | 317
Interest expense | ​ | (28) | ​ | ​ | (3) | ​ | ​ | (31)
Other income, net | ​ | 385 | ​ | ​ | 26 | ​ | ​ | 411
Gain from employee retention credit | ​ | 2,966 | ​ | ​ | — | ​ | ​ | 2,966
(Loss) income before income tax | ​ | (18,760) | ​ | ​ | 222 | ​ | ​ | (18,538)
Income tax expense | ​ | (107) | ​ | ​ | — | ​ | ​ | (107)
Net (loss) income | ​ | (18,867) | ​ | ​ | 222 | ​ | ​ | (18,645)
Other comprehensive (loss): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net unrealized loss on foreign exchange rate translation | ​ | — | ​ | ​ | (1,063) | ​ | ​ | (1,063)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Comprehensive loss | $ | (18,867) | ​ | $ | (841) | ​ | $ | (19,708)
Schedule of company's total assets by operating segment |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2023 | ​ | 2022
Total Assets | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 48,495 | ​ | $ | 58,091
Canada | ​ | ​ | 9,024 | ​ | ​ | 10,582
Total Assets | ​ | $ | 57,519 | ​ | $ | 68,673
​

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