| Schedule of Error Corrections and Prior Period Adjustments |
The resulting effect on starting balances for the third quarter 2026 correction increased noncontrolling interests by approximately $181,767, removed approximately $179 from accumulated other comprehensive income, and reduced additional paid-in capital by approximately $181,946 as shown in the tables below:
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June 30, 2026 |
Balance Sheet Line Items |
|
Original Amount |
|
Adjustment |
|
As Revised |
Stockholders’ equity: |
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|
Preferred stock, $0.0001 par value |
|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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Class A common stock, $0.0001 par value |
|
3 |
|
|
— |
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|
3 |
|
Class B common stock, $0.0001 par value |
|
2 |
|
|
— |
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|
2 |
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Additional paid-in capital |
|
565,164 |
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|
(181,946) |
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|
383,218 |
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Retained earnings |
|
688,126 |
|
|
— |
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|
688,126 |
|
Accumulated other comprehensive loss, net |
|
(4,766) |
|
|
179 |
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|
(4,587) |
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Treasury stock, at cost |
|
(11,788) |
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|
— |
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|
(11,788) |
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Non-controlling interests |
|
114,353 |
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|
181,767 |
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|
296,120 |
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Total stockholders’ equity |
|
$ |
1,351,094 |
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|
$ |
— |
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$ |
1,351,094 |
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For the Three and Six Months Ended June 30, 2026 |
Statement of Changes in Redeemable Non-Controlling Interests and Stockholders' Equity Line Items |
|
Original Amount |
|
Adjustment |
|
As Revised |
Additional paid-in capital: |
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Contributions from NCI, net of income tax effect |
|
$ |
159,069 |
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|
$ |
(181,946) |
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|
$ |
(22,877) |
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End of period |
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$ |
565,164 |
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|
$ |
(181,946) |
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|
$ |
383,218 |
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Accumulated other comprehensive loss, net: |
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Contributions from NCI, net of income tax effect |
|
$ |
(179) |
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|
$ |
179 |
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|
$ |
— |
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End of period |
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$ |
(4,766) |
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$ |
179 |
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$ |
(4,587) |
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Non-controlling interests: |
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Contributions from NCI, net of income tax effect |
|
$ |
60,032 |
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|
$ |
181,767 |
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$ |
241,799 |
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End of period |
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$ |
114,353 |
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$ |
181,767 |
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$ |
296,120 |
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| Summary of Allowance for Credit Loss |
Changes in the allowance for credit losses are as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
Allowance for credit losses, beginning of period |
$ |
864 |
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$ |
858 |
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$ |
869 |
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$ |
845 |
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Charges (recoveries) to costs and expenses, net |
(12) |
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|
180 |
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|
(1) |
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|
189 |
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Account write-offs and other |
(1) |
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|
(16) |
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(17) |
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(12) |
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Allowance for credit losses, end of period |
$ |
851 |
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$ |
1,022 |
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$ |
851 |
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$ |
1,022 |
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| Summary of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets are comprised of the following:
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September 30, 2026 |
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December 31, 2025 |
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As Adjusted |
Other receivables |
$ |
49,302 |
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$ |
91,205 |
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Deferred project costs |
168,298 |
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|
153,199 |
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Prepaid expenses |
18,697 |
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|
16,284 |
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Prepaid expenses and other current assets |
$ |
236,297 |
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$ |
260,688 |
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