Related Party Transactions |
12 Months Ended |
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Dec. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions Horizon HDD is a domestic limited liability company formed in the state of Texas in 2017, with Karon Greene as its registered agent and managing member. Horizon HDD is 100% owned by Mr. Corey Boaz, who is also the President of the Company's Fiber Optics division. As such, Horizon HDD is considered a related party to the Company. In May 2024, the Company engaged Horizon HDD to rent equipment and provide services to the Company's Fiber Optics division and Slant Wells group as a subcontractor and back-office labor resource. For the year ended December 31, 2024, the Company incurred costs of $5.3 million with Horizon HDD, which are presented as cost of revenue - related party in the consolidated statement of operations and comprehensive loss. The Company made payments totaling approximately $2.6 million to Horizon HDD during the year ended December 31, 2024. As of December 31, 2024, the Company had an outstanding payable to Horizon HDD of approximately $2.8 million, which is presented as accounts payable - related party in the consolidated balance sheet.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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