| Schedule of Disaggregation of Revenue |
Schedule
of Disaggregation of Revenue
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Revenue
by Contract Type (In thousands) |
|
Three
Months Ended |
|
|
Three
Months Ended |
|
| |
|
September
30, 2025 |
|
|
September
30, 2024 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Fixed price |
|
$ |
13,114 |
|
|
$ |
982 |
|
|
$ |
14,096 |
|
|
$ |
9,064 |
|
|
$ |
6,396 |
|
|
$ |
15,460 |
|
| Time and materials |
|
|
— |
|
|
|
3,358 |
|
|
|
3,358 |
|
|
|
— |
|
|
|
1,352 |
|
|
|
1,352 |
|
| Total |
|
$ |
13,114 |
|
|
$ |
4,340 |
|
|
$ |
17,454 |
|
|
$ |
9,064 |
|
|
$ |
7,748 |
|
|
$ |
16,812 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Revenue
by Contract Type (In thousands) |
|
Nine
Months Ended |
|
|
Nine
Months Ended |
|
| |
|
September
30, 2025 |
|
|
September
30, 2024 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Fixed price |
|
$ |
33,696 |
|
|
$ |
4,789 |
|
|
$ |
38,485 |
|
|
$ |
26,116 |
|
|
$ |
15,405 |
|
|
$ |
41,521 |
|
| Time and materials |
|
|
— |
|
|
|
7,474 |
|
|
|
7,474 |
|
|
|
— |
|
|
|
2,894 |
|
|
|
2,894 |
|
| Total |
|
$ |
33,696 |
|
|
$ |
12,263 |
|
|
$ |
45,959 |
|
|
$ |
26,116 |
|
|
$ |
18,299 |
|
|
$ |
44,415 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Revenue
by generator (In thousands) |
|
Three
Months Ended |
|
|
Three
Months Ended |
|
| |
|
September
30, 2025 |
|
|
September
30, 2024 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Domestic government |
|
$ |
9,204 |
|
|
$ |
3,376 |
|
|
$ |
12,580 |
|
|
$ |
6,578 |
|
|
$ |
7,346 |
|
|
$ |
13,924 |
|
| Domestic commercial |
|
|
2,855 |
|
|
|
716 |
|
|
|
3,571 |
|
|
|
2,229 |
|
|
|
312 |
|
|
|
2,541 |
|
| Foreign government |
|
|
859 |
|
|
|
160 |
|
|
|
1,019 |
|
|
|
— |
|
|
|
65 |
|
|
|
65 |
|
| Foreign commercial |
|
|
196 |
|
|
|
88 |
|
|
|
284 |
|
|
|
257 |
|
|
|
25 |
|
|
|
282 |
|
| Total |
|
$ |
13,114 |
|
|
$ |
4,340 |
|
|
$ |
17,454 |
|
|
$ |
9,064 |
|
|
$ |
7,748 |
|
|
$ |
16,812 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Revenue
by generator (In thousands) |
|
Nine
Months Ended |
|
|
Nine
Months Ended |
|
| |
|
September
30, 2025 |
|
|
September
30, 2024 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Domestic government |
|
$ |
21,600 |
|
|
$ |
10,661 |
|
|
$ |
32,261 |
|
|
$ |
18,997 |
|
|
$ |
17,129 |
|
|
$ |
36,126 |
|
| Domestic commercial |
|
|
7,644 |
|
|
|
1,161 |
|
|
|
8,805 |
|
|
|
6,045 |
|
|
|
867 |
|
|
|
6,912 |
|
| Foreign government |
|
|
3,684 |
|
|
|
285 |
|
|
|
3,969 |
|
|
|
1 |
|
|
|
232 |
|
|
|
233 |
|
| Foreign commercial |
|
|
768 |
|
|
|
156 |
|
|
|
924 |
|
|
|
1,073 |
|
|
|
71 |
|
|
|
1,144 |
|
| Total |
|
$ |
33,696 |
|
|
$ |
12,263 |
|
|
$ |
45,959 |
|
|
$ |
26,116 |
|
|
$ |
18,299 |
|
|
$ |
44,415 |
|
|
| Schedule of Contract Balances |
Schedule
of Contract Balances
| (In thousands) |
|
September
30, 2025 |
|
|
December
31, 2024 |
|
|
Year-to-date
Change ($)
|
|
|
Year-to-date
Change (%)
|
|
| Contract assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unbilled receivables - current |
|
$ |
8,396 |
|
|
$ |
4,990 |
|
|
$ |
3,406 |
|
|
|
68.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Contract liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred revenue |
|
$ |
7,112 |
|
|
$ |
6,711 |
|
|
$ |
401 |
|
|
|
6.0 |
% |
The
increase in unbilled receivables as of September 30, 2025, from December 31, 2024, was attributed primarily to increase in revenue from
the Company’s Treatment Segment.
| (In thousands) |
|
September
30, 2024 |
|
|
December
31, 2023 |
|
|
Year-to-date
Change ($)
|
|
|
Year-to-date
Change (%)
|
|
| Contract assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unbilled receivables - current |
|
$ |
7,277 |
|
|
$ |
8,432 |
|
|
$ |
(1,155 |
) |
|
|
-14 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Contract liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred revenue |
|
$ |
5,398 |
|
|
$ |
6,815 |
|
|
$ |
(1,417 |
) |
|
|
-20.8 |
% |
|
| Schedule of Changes in Accounts Receivable, Net of Credit Losses |
The
following table represents changes in accounts receivable, net of credit losses, for the periods noted:
Schedule
of Changes in Accounts Receivable, Net of Credit Losses
| (In thousands) |
|
September
30, 2025 |
|
|
December
31, 2024 |
|
|
Year-to-date
Change ($)
|
|
|
Year-to-date
Change (%)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts Receivable (net) |
|
$ |
11,887 |
|
|
$ |
11,579 |
|
|
$ |
308 |
|
|
|
2.7 |
% |
| (In thousands) |
|
September
30, 2024 |
|
|
December
31, 2023 |
|
|
Year-to-date
Change ($)
|
|
|
Year-to-date
Change (%)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts Receivable (net) |
|
$ |
8,741 |
|
|
$ |
9,722 |
|
|
$ |
(981 |
) |
|
|
-10.1 |
% |
|