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ACQUISITION (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Business Acquisition, Pro Forma Information | The following unaudited pro forma summary presents consolidated information, as if the business combination had occurred on January 1, 2022:
|  |  | Years Ended December 31,
|  |  |  |  | 2023 |  | 2022
|  |  |  |  | (Unaudited, in thousands)
Pro forma: |  |  |  |  |  |  |
Revenues |  |  |  |  | $ | 131,712 |  |  | $ | 64,195 |
Net income (loss) attributable to Acacia Research Corporation |  |  |  |  | 66,755 |  |  | (123,316) |
Asset Acquisition | The following table summarizes the consideration transferred to acquire Benchmark and the recognized amounts of identifiable assets acquired and liabilities assumed at the acquisition date (in thousands):
Fair value of consideration transferred: |
Cash | $ | 10,000 |
Total consideration | $ | 10,000 |
Identifiable assets acquired and liabilities assumed: |
Cash and cash equivalents | $ | 10,556 |
Trade receivables | 1,385 |
Prepaid expenses and other current assets | 1,644 |
Oil and natural gas properties, net | 25,276 |
Other assets | 361 |
Trade and other payables | (2,349) |
Revolving credit facility | (18,225) |
Other long-term liabilities | (276) |
Noncontrolling interest | (9,821) |
Total identifiable net assets | $ | 8,551 |
Goodwill | $ | 1,449 |

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- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480123/805-50-15-3 + Details
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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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