Quarterly report [Sections 13 or 15(d)]

Related Parties

v3.26.1
Related Parties
 3 Months Ended
Mar. 31, 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 AEI acquired a majority interest in the customer during the fourth quarter of 2022 and Kirk Konert, 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
March 31, 2026 December 31, 2025
Accounts receivable:
Related Party A $ 281  $ 330 
Related Party B 586  45 
$ 867  $ 375 
Three Months Ended
March 31, 2026 March 31, 2025
Revenues:
Related Party A $ —  $ 992 
Related Party B
 162  780 
$ 162  $ 1,772 

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. For the three months ended March 31, 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 M – Convertible Preferred Stock, for related party transactions associated with the Company’s debt and Convertible Preferred Stock.