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Note 4 - Reportable Segments | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 4 – REPORTABLE SEGMENTS We evaluate our performance based on segment operating (loss). Interest expense, income tax expense and losses related to equity method investments are excluded from the computation of operating (loss) for the segments. Segment net revenue, segment operating expenses and segment operating (loss) information consisted of the following for the year ended December 31, 2023:
|  | Year Ended December 31, 2023 |
(in thousands) |  | Land and Water Resources |  |  | Water Filtration Technology |  |  | Total |
Total revenues |  |  | 1,251 |  |  |  | 740 |  |  |  | 1,991 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 2,241 |  |  |  | 646 |  |  |  | 2,887 |
General and administrative |  |  | 18,042 |  |  |  | 755 |  |  |  | 18,797 |
Depreciation |  |  | 1,096 |  |  |  | 151 |  |  |  | 1,247 |
Total costs and expenses |  |  | 21,379 |  |  |  | 1,552 |  |  |  | 22,931 |
Operating loss |  | $ | (20,128 | ) |  | $ | (812 | ) |  | $ | (20,940 | )
The Company only operated in one segment during the year ended December 31, 2022, as the water filtration technology segment did not exist prior to the ATEC Acquisition in November 2022. Assets by operating segment, inclusive of goodwill, are as follows (dollars in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
Operating Segment: |  |  |  |  |  |  |  |
Water and Land Resources |  | $ | 101,946 |  |  | $ | 107,439 |
Water Filtration Technology |  |  | 5,428 |  |  |  | 3,348 |
|  | $ | 107,374 |  |  | $ | 110,787 |
Goodwill by operating segment is as follows (dollars in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
Operating Segment: |  |  |  |  |  |  |  |
Water and Land Resources |  | $ | 3,813 |  |  | $ | 3,813 |
Water Filtration Technology |  |  | 1,901 |  |  |  | 1,901 |
|  | $ | 5,714 |  |  | $ | 5,714 |
Property, plant, equipment and water programs consist of the following (dollars in thousands):
|  | December 31, 2023 |
|  | Water and Land Resources |  |  | Water Filtration Technology |
Land and land improvements |  | $ | 32,357 |  |  | $ | - |
Water programs |  |  | 29,209 |  |  |  | - |
Pipeline |  |  | 22,096 |  |  |  | - |
Buildings |  |  | 1,730 |  |  |  | - |
Leasehold improvements, furniture and fixtures |  |  | 1,605 |  |  |  | 4 |
Machinery and equipment |  |  | 3,719 |  |  |  | 210 |
Construction in progress |  |  | 5,664 |  |  |  | - |
|  |  | 96,380 |  |  |  | 214 |
Less accumulated depreciation |  |  | (9,238 | ) |  |  | (139 | )
|  | $ | 87,142 |  |  | $ | 75 |
|  | December 31, 2022 |
|  | Water and Land Resources |  |  | Water Filtration Technology |
Land and land improvements |  | $ | 30,579 |  |  | $ | - |
Water programs |  |  | 29,210 |  |  |  | - |
Pipeline |  |  | 22,091 |  |  |  | - |
Buildings |  |  | 1,715 |  |  |  | - |
Leasehold improvements, furniture and fixtures |  |  | 1,606 |  |  |  | 3 |
Machinery and equipment |  |  | 3,229 |  |  |  | 166 |
Construction in progress |  |  | 3,680 |  |  |  | - |
|  |  | 92,110 |  |  |  | 169 |
Less accumulated depreciation |  |  | (8,141 | ) |  |  | - |
|  | $ | 83,969 |  |  | $ | 169 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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