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v3.23.1

SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The Company's segment information is as follows:
| Three Months Ended March 31,
| 2023 |  | 2022
| Intellectual Property Operations |  | Industrial Operations |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |
License fees | $ | 4,176 |  |  | $ | — |  |  | $ | 4,176 |  |  | $ | 2,615 |  |  | $ | — |  |  | $ | 2,615 |
Printers and parts | — |  |  | 4,464 |  |  | 4,464 |  |  | — |  |  | 4,254 |  |  | 4,254 |
Consumable products | — |  |  | 5,170 |  |  | 5,170 |  |  | — |  |  | 5,384 |  |  | 5,384 |
Services | — |  |  | 993 |  |  | 993 |  |  | — |  |  | 1,254 |  |  | 1,254 |
Total revenues | 4,176 |  |  | 10,627 |  |  | 14,803 |  |  | 2,615 |  |  | 10,892 |  |  | 13,507 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |
Inventor royalties | 221 |  |  | — |  |  | 221 |  |  | 170 |  |  | — |  |  | 170 |
Contingent legal fees | 532 |  |  | — |  |  | 532 |  |  | 549 |  |  | — |  |  | 549 |
Litigation and licensing expenses | 1,384 |  |  | — |  |  | 1,384 |  |  | 1,244 |  |  | — |  |  | 1,244 |
Amortization of patents | 2,601 |  |  | — |  |  | 2,601 |  |  | 2,601 |  |  | — |  |  | 2,601 |
Cost of sales | — |  |  | 5,220 |  |  | 5,220 |  |  | — |  |  | 4,192 |  |  | 4,192 |
Total cost of revenues | 4,738 |  |  | 5,220 |  |  | 9,958 |  |  | 4,564 |  |  | 4,192 |  |  | 8,756 |
Segment gross profit | (562) |  |  | 5,407 |  |  | 4,845 |  |  | (1,949) |  |  | 6,700 |  |  | 4,751 |
Other operating expenses: |  |  |  |  |  |  |  |  |  |  |
Engineering and development expenses | — |  |  | 216 |  |  | 216 |  |  | — |  |  | 190 |  |  | 190 |
Sales and marketing expenses | — |  |  | 1,913 |  |  | 1,913 |  |  | — |  |  | 2,016 |  |  | 2,016 |
Amortization of intangible assets | — |  |  | 433 |  |  | 433 |  |  | — |  |  | 433 |  |  | 433 |
General and administrative expenses | 1,897 |  |  | 2,285 |  |  | 4,182 |  |  | 1,716 |  |  | 2,422 |  |  | 4,138 |
Total other operating expenses | 1,897 |  |  | 4,847 |  |  | 6,744 |  |  | 1,716 |  |  | 5,061 |  |  | 6,777 |
Segment operating (loss) income | $ | (2,459) |  |  | $ | 560 |  |  | (1,899) |  |  | $ | (3,665) |  |  | $ | 1,639 |  |  | (2,026) |
Parent general and administrative expenses |  |  |  |  | 7,425 |  |  |  |  |  |  | 6,482 |
Operating loss |  |  |  |  | (9,324) |  |  |  |  |  |  | (8,508) |
Total other (expense) income |  |  |  |  | 21,254 |  |  |  |  |  |  | (79,636) |
(Loss) income before income taxes |  |  |  |  | $ | 11,930 |  |  |  |  |  |  | $ | (88,144) |
Schedule of Segment Reporting Information, by Segment |
| March 31, 2023 |  | December 31, 2022
| (In thousands)
Equity securities investments: |  |  |
Equity securities | $ | 60,724 |  |  | $ | 61,608 |
Equity securities without readily determinable fair value | 5,816 |  |  | 5,816 |
Equity method investments | 30,934 |  |  | 30,934 |
Total parent equity securities investments | 97,474 |  |  | 98,358 |
Other parent assets | 235,144 |  |  | 156,394 |
Segment total assets: |  |  |
Intellectual property operations | 171,639 |  |  | 176,119 |
Industrial operations | 52,347 |  |  | 52,057 |
Total assets | $ | 556,604 |  |  | $ | 482,928 |
Revenue from External Customers by Geographic Areas |
| Three Months Ended March 31,
| 2023 |  | 2022
| Intellectual Property Operations |  | Industrial Operations |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Revenues by geographic area: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 673 |  |  | $ | 4,234 |  |  | $ | 4,907 |  |  | $ | 2,097 |  |  | $ | 3,849 |  |  | $ | 5,946 |
Canada and Latin America | 501 |  |  | 219 |  |  | 720 |  |  | 6 |  |  | 372 |  |  | 378 |
Total Americas | 1,174 |  |  | 4,453 |  |  | 5,627 |  |  | 2,103 |  |  | 4,221 |  |  | 6,324 |
Europe, Middle East and Africa | — |  |  | 2,965 |  |  | 2,965 |  |  | 500 |  |  | 2,508 |  |  | 3,008 |
China | 3,000 |  |  | 843 |  |  | 3,843 |  |  | — |  |  | 1,133 |  |  | 1,133 |
India | — |  |  | 828 |  |  | 828 |  |  | — |  |  | 1,749 |  |  | 1,749 |
Asia-Pacific, excluding China and India | 2 |  |  | 1,538 |  |  | 1,540 |  |  | 12 |  |  | 1,281 |  |  | 1,293 |
Total Asia-Pacific | 3,002 |  |  | 3,209 |  |  | 6,211 |  |  | 12 |  |  | 4,163 |  |  | 4,175 |
Total revenues | $ | 4,176 |  |  | $ | 10,627 |  |  | $ | 14,803 |  |  | $ | 2,615 |  |  | $ | 10,892 |  |  | $ | 13,507 |
Long-lived Assets by Geographic Areas |
| March 31, 2023
| Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Long-lived tangible assets by geographic area: |  |  |  |  |
United States | $ | 290 |  |  | $ | 255 |  |  | $ | 545 |
Malaysia | — |  |  | 2,543 |  |  | 2,543 |
Other foreign countries | — |  |  | 187 |  |  | 187 |
Total | $ | 290 |  |  | $ | 2,985 |  |  | $ | 3,275 |
| December 31, 2022
| Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Long-lived tangible assets by geographic area: |  |  |  |  |
United States | $ | 324 |  |  | $ | 302 |  |  | $ | 626 |
Malaysia | — |  |  | 2,703 |  |  | 2,703 |
Other foreign countries | — |  |  | 208 |  |  | 208 |
Total | $ | 324 |  |  | $ | 3,213 |  |  | $ | 3,537 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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