19. SEGMENTS
The following table presents a summary of revenue by geography for the year ended December 31, 2022, and 11 months ended 2021:
 
 
  
Year Ended
December 31, 2022
 
  
11 Months Ended
December 31, 2021
 
 
  
Amount
 
  
%
 
  
Amount
 
  
%
 
United States
   $ 11,137        85.0%      $ 5,826        71.1%  
Europe
     1,965        15.0%        2,370        28.9%  
    
 
 
    
 
 
    
 
 
    
 
 
 
     $ 13,102        100.0%      $ 8,196        100.0%  
    
 
 
    
 
 
    
 
 
    
 
 
 
Revenues from external customers are attributed to individual countries based on the physical location in which the services are provided or the particular customer location with whom the Company has contracted.
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About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.