XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues $ 12,512 $ 20,219 $ 44,096 $ 49,627
Operating expenses        
Operating expenses 12,685 19,906 35,027 43,688
General and administrative 2,171 2,977 4,082 6,476
Severance expense 86   86  
Depreciation and amortization 1,406 2,113 2,995 4,813
Total operating costs 16,348 24,996 42,190 54,977
(Loss) income from operations (3,836) (4,777) 1,906 (5,350)
Other income (expense):        
Interest income 105 136 218 244
Interest expense (39) (14) (85) (31)
Other income (expense), net 93 143 332 195
(Loss) income before income tax (3,677) (4,512) 2,371 (4,942)
Current 131 (14) (71) (22)
Deferred   96   121
Income tax benefit (expense) 131 82 (71) 99
Net (loss) income (3,546) (4,430) 2,300 (4,843)
Other comprehensive (loss) income:        
Net unrealized (loss) income on foreign exchange rate translation (110) 249 (270) 243
Comprehensive (loss) income $ (3,656) $ (4,181) $ 2,030 $ (4,600)
Basic (loss) income per share of common stock (in dollars per share) $ (0.12) $ (0.18) $ 0.07 $ (0.19)
Diluted (loss) income per share of common stock (in dollars per share) $ (0.12) $ (0.18) $ 0.07 $ (0.19)
Weighted average equivalent common shares outstanding 30,815,443 25,000,564 30,813,886 25,000,564
Weighted average equivalent common shares outstanding - assuming dilution 30,815,443 25,000,564 30,813,886 25,000,564
Fee revenue        
Operating revenues $ 8,326 $ 10,881 $ 35,064 $ 33,154
Operating expenses        
Operating expenses 8,499 10,568 25,995 27,215
Reimbursable revenue        
Operating revenues 4,186 9,338 9,032 16,473
Operating expenses        
Operating expenses $ 4,186 $ 9,338 $ 9,032 $ 16,473