SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2025

NOTE 12: SEGMENT INFORMATION

The Company operates as a single operating segment, as an energy services company that provides equipment and support services to the world’s energy and offshore industries. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net income to monitor budget versus actual results in assessing segment performance and the allocation of resources. Significant segment expenses are presented in the Company’s consolidated statements of operations.

Total operating expenses are presented as follows:

Schedule of operating expenses
	Three Months
	Ended March 31,
	2025			2024
Revenues	$	5,250		$	5,791
Share-based compensation and other personnel costs		2,381			2,077
Materials		635			1,313
Depreciation and amortization		146			144
Other cost of sales and selling, general and administrative expenses		2,163			1,687
Income tax expense		8			3
Interest and other (income) expense		(54	)		(9	)
Net (loss) income	$	(29	)	$	576

The CODM regularly reviews asset information by consolidated assets since we only have one reportable segment.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Koil Energy Solutions, Inc. 10-Q