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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating revenues $ 22,746     $ 14,421     $ 48,675 $ 58,517
Operating expenses                
Total operating expenses 20,459     16,151     40,955 50,502
General and administrative 2,110     2,630     6,435 7,347
Depreciation and amortization 1,349     1,388     3,794 4,383
Total operating costs 23,918     20,169     51,184 62,232
Loss from operations (1,172)     (5,748)     (2,509) (3,715)
Other income (expense):                
Interest income 59     72     98 290
Interest expense (71)     (35)     (205) (120)
Other income (expense), net 41     59     112 264
Loss before income tax (1,143)     (5,652)     (2,504) (3,281)
Income tax (expense) benefit (10)     35     (6) (36)
Net loss (1,153) $ (2,349) $ 992 (5,617) $ (3,546) $ 5,846 (2,510) (3,317)
Other comprehensive income (loss):                
Net unrealized (loss) income on foreign exchange rate translation (71)     29     376 (241)
Comprehensive loss $ (1,224)     $ (5,588)     $ (2,134) $ (3,558)
Basic loss per share of common stock (in dollars per share) $ (0.04)     $ (0.18)     $ (0.08) $ (0.11)
Diluted loss per share of common stock (in dollars per share) $ (0.04)     $ (0.18)     $ (0.08) $ (0.11)
Weighted average equivalent common shares outstanding (in shares) 31,047,801     30,906,777     31,006,304 30,845,076
Weighted average equivalent common shares outstanding - assuming dilution (in shares) 31,047,801     30,906,777     31,006,304 30,845,076
Fee Revenue                
Operating revenues $ 14,942     $ 4,663     $ 38,936 $ 39,727
Operating expenses                
Total operating expenses 12,655     6,393     31,216 31,712
Reimbursable Revenue                
Operating revenues 7,804     9,758     9,739 18,790
Operating expenses                
Total operating expenses $ 7,804     $ 9,758     $ 9,739 $ 18,790