Quarterly report [Sections 13 or 15(d)]

Related Parties

v3.26.3
Related Parties
 9 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
Related Parties
Note Q – Related Parties
A customer of the Company, Related Party A, is a related party because Kirk Konert, a member of the Company’s Board, also serves on the board of directors for the customer effective as of the second quarter of 2022.

A customer of the Company, Related Party B, is a related party because members of the Company’s Board, Kirk Konert, Reggie Brothers, and James McConville, also serve on the board of directors for this customer.

A customer of the Company, Related Party C, is a related party because Frank Calvelli, a member of the Company’s Board, also serves on the board of directors for this customer.

The table below presents details of the Company’s related party transactions included in the condensed consolidated balance sheets and the condensed consolidated statements of operations and comprehensive income (loss) for the following periods:
As of
September 30, 2026 December 31, 2025
Accounts receivable:
Related Party A $ 66  $ 330 
Related Party B —  45 
$ 66  $ 375 
Three Months Ended Nine Months Ended
September 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025
Revenues:
Related Party A $ —  $ 530  $ —  $ 1,426 
Related Party B
 (37) 331  153  1,756 
Related Party C(1)
276  —  692  — 
$ 239  $ 861  $ 845  $ 3,182 
(1) While revenue may have been generated during each of the periods presented, amounts are only disclosed for the periods in which the customer was a related party.

In the normal course of business, the Company participates in related party transactions with certain vendors and customers where AEI maintains a significant ownership interest and/or can exhibit significant influence on the operations of such parties. During the nine months ended September 30, 2026, AEI’s ownership of the Company significantly decreased to less than 1% and AEI was no longer considered a related party as of September 30, 2026. For the three and nine months ended September 30, 2026 and 2025, respectively, transactions with other companies in AEI’s investment portfolio, not separately disclosed, did not have a material impact on the Company’s condensed consolidated financial statements.
Please refer to Note H – Debt and Note M – Convertible Preferred Stock, for related party transactions associated with the Company’s debt and Convertible Preferred Stock, respectively.