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Foreign Operations
 6 Months Ended
Jun. 30, 2024
Foreign Operations  
Foreign Operations

NOTE 15 – Foreign Operations

 

The Company’s operations are located primarily in the United States, Canada, and the Philippines. Revenues by geographic area are attributed by country of domicile of the Company’s subsidiaries. The financial data by geographic area are as follows (in thousands):

 

 Schedule of financial data by geographic area                                        
   

United
States

     Canada     Philippines     Eliminations     Total  
For the Three Months Ended June 30, 2024 (Successor):
Revenues by geographic area   $ 1,669     $ 97     $ 233     $ (233 )   $ 1,766  
Operating income (loss) by geographic area   $ (3,080 )   $ (581 )   $ 11     $ -     $ (3,650 )
Net income (loss) by geographic area   $ (4,655 )   $ (613 )   $ 12     $ -     $ (5,256 )
                                         
For the Six Months Ended June 30, 2024 (Successor):
Revenues by geographic area   $ 3,336     $ 248     $ 473     $ (473 )   $ 3,584  
Operating income (loss) by geographic area   $ (6,080 )   $ (1,183 )   $ 26     $ -     $ (7,237 )
Net income (loss) by geographic area   $ (9,182 )   $ (1,270 )   $ 26     $ -     $ (10,426 )
                                         
                                         
For the Three Months Ended June 30, 2023 (Successor):
Revenues by geographic area   $ 1,550     $ 365     $ 219     $ (219 )   $ 1,915  
Operating income (loss) by geographic area   $ (2,926 )   $ (766 )   $ 9     $ -     $ (3,683 )
Net income (loss) by geographic area   $ (13,980 )   $ (761 )   $ 11     $ -     $ (14,730 )
                                         
For the Period from January 1, 2023 to March 14, 2023 (Predecessor):
Revenues by geographic area   $ 1,395     $ 285     $ 160     $ (220 )   $ 1,620  
Operating income (loss) by geographic area   $ (3,479 )   $ (905 )   $ 3     $ -     $ (4,381 )
Net income (loss) by geographic area   $ (3,342 )   $ (1,041 )   $ 3     $ -     $ (4,380 )

 

For the Period from March 15, 2023 to June 30, 2023 (Successor):
Revenues by geographic area   $ 1,822     $ 435     $ 415     $ (415 )   $ 2,257  
Operating income (loss) by geographic area   $ (3,412 )   $ (924 )   $ 166     $ -     $ (4,170 )
Net income (loss) by geographic area   $ (11,200 )   $ (919 )   $ 168     $ (21 )   $ (11,972 )
                                         
As of June 30, 2024 (Successor)
Identifiable assets by geographic area   $ 36,619     $ 387     $ 458     $ (3,690 )   $ 33,774  
Long lived assets by geographic area   $ 17,188     $ 247     $ 94     $ -     $ 17,529  
Goodwill by geographic area   $ 8,737     $ -     $ -     $ -     $ 8,737  
                                         
                                         
As of December 31, 2023 (Successor)
Identifiable assets by geographic area   $ 38,143     $ 627     $ 434     $ (2,623 )   $ 36,581  
Long lived assets by geographic area   $ 18,269     $ 320     $ 148     $ -     $ 18,737  
Goodwill by geographic area   $ 8,737     $ -     $ -     $ -     $ 8,737