11. SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENT INFORMATION

Deferred Revenue

Following is a summary of balances of and changes in deferred revenue (in thousands):

​

​

Deferred Costs and unbilled receivables

Contract assets, which include unbilled receivables and deferred costs, are included in prepaid expenses and other current assets on the condensed consolidated balance sheets. Following is a summary of balances of and changes in contract assets, which include unbilled receivables and deferred costs (in thousands):

​

​

Accounts Receivable

Following is a summary of balances of accounts receivable (in thousands):

​

Related Party Transactions

For the three and six months ended June 30, 2026, the Company incurred related-party expenses totaling approximately $23,700 and $109,500, respectively. These expenses represent charges by various companies under common control with Wilks Brothers, LLC, the holder of approximately 80% of the Company’s outstanding common stock. Of the approximately $109,500 incurred during the six months ended June 30, 2026, $8,500 related to customer entertainment expenses, with the remainder consisting of interest charges related to the Company’s Equify revolving credit note, as further discussed in Note 6. As of June 30, 2026, the Company had no outstanding related-party accounts payable.

For the three and six months ended June 30, 2025, the Company incurred related-party expenses totaling approximately $21,000 and $95,000. All transactions consisted of trucking charges.