Related Party Transactions |
3 Months Ended |
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Mar. 31, 2025 | |
| 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. During the three months ended March 31, 2025, the Company incurred costs of $1.0 million with Horizon HDD, which are presented as cost of revenue - related party in the condensed consolidated statements of operations and comprehensive loss. The Company made payments totaling approximately $2.4 million to Horizon HDD during the three months ended March 31, 2025. As of March 31, 2025 and December 31, 2024, the Company had an outstanding payable to Horizon HDD of approximately $1.3 million and $2.8 million, which is presented as accounts payable - related party in the condensed consolidated balance sheets, respectively
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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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