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SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION | 3 Months Ended
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Mar. 31, 2025
SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION |
SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION | 10. SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION Deferred Costs (in thousands) Deferred costs were $0.4 million and $4.3 million at January 1, 2025, and 2024, respectively. The Company’s prepaid expenses and other current assets at March 31, 2025, and 2024, included deferred costs incurred to fulfill contracts with customers of $0.7 million and $2.8 million, respectively. Deferred costs at March 31, 2025, compared to January 1, 2025, increased primarily as a result of new projects for clients with large third party reimbursables where data had not yet been recorded. Deferred costs at March 31, 2024, compared to January 1, 2024, decreased primarily as a result of the completion of several projects during that three-month period that had deferred fulfillment costs at January 1, 2024. The amount of total deferred costs amortized for the three months ended March 31, 2025, and 2024, was $0.6 million and $7.9 million, respectively. There were no material impairment losses incurred during these periods. Deferred Revenue (in thousands) Deferred revenue was $1.6 million and $11.8 million at January 1, 2025 and 2024, respectively. The Company’s deferred revenue at March 31, 2025 and 2024 was $1.7 million and $5.3 million, respectively. Deferred revenue at March 31, 2025, compared to January 1, 2025, increased primarily as a result of new projects for clients with large third party reimbursables where data had not yet been recorded. Deferred revenue at March 31, 2024, compared to January 1, 2024, decreased primarily as a result of completing projects for clients with prepayments for third party reimbursables. Revenue recognized for the three months ended March 31, 2025 and 2024 that was included in the contract liability balance at the beginning of 2025 and 2024 was $1.6 million and $9.7 million, respectively. Accounts Receivable (in thousands) Accounts receivable related to contracts with customers was $9.9 million and $12.5 million at January 1, 2025 and 2024, respectively. Accounts receivable related to contracts with customers was $11.0 million and $14.8 million at March 31, 2025 and 2024, respectively. Related Party Transactions For the three months ended March 31, 2025, the Company incurred related party expenses totaling approximately $74,000. These are charges by various commonly controlled companies of Wilks Brothers, LLC, the holder of approximately 80% of the Company’s outstanding stock. These transactions consisted of trucking charges of $74,000. As of March 31, 2025, the Company had approximately $24,000 outstanding related party accounts payable. For the three months ended March 31, 2024, the Company incurred related party expenses totaling approximately $106,000. These transactions consisted of trucking charges of $97,000 and client hosting expenses of $9,000. For the three months ended March 31, 2024, the Company received related party revenue of $5,000 for partial use of leased office space.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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