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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The Company's segment information is as follows:
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024
| Intellectual Property Operations |  | Industrial Operations |  | Energy Operations |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Energy Operations |  | Total |  |  |  |  |  |
| (In thousands) |  | (In thousands) |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
License fees | $ | 5,333 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,333 |  |  | $ | 18,956 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,956 |  |  |  |  |  |  |
Printers and parts | — |  |  | 1,884 |  |  | — |  |  | 1,884 |  |  | — |  |  | 4,949 |  |  | — |  |  | 4,949 |  |  |  |  |  |  |
Consumable products | — |  |  | 3,567 |  |  | — |  |  | 3,567 |  |  | — |  |  | 8,580 |  |  | — |  |  | 8,580 |  |  |  |  |  |  |
Services | — |  |  | 884 |  |  | — |  |  | 884 |  |  | — |  |  | 1,647 |  |  | — |  |  | 1,647 |  |  |  |  |  |  |
Oil sales | — |  |  | — |  |  | 8,082 |  |  | 8,082 |  |  | — |  |  | — |  |  | 8,743 |  |  | 8,743 |  |  |  |  |  |  |
Natural gas sales | — |  |  | — |  |  | 1,991 |  |  | 1,991 |  |  | — |  |  | — |  |  | 2,721 |  |  | 2,721 |  |  |  |  |  |  |
Natural gas liquids sales | — |  |  | — |  |  | 4,097 |  |  | 4,097 |  |  | — |  |  | — |  |  | 4,562 |  |  | 4,562 |  |  |  |  |  |  |
Total revenues | 5,333 |  |  | 6,335 |  |  | 14,170 |  |  | 25,838 |  |  | 18,956 |  |  | 15,176 |  |  | 16,026 |  |  | 50,158 |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventor royalties | 802 |  |  | — |  |  | — |  |  | 802 |  |  | 1,408 |  |  | — |  |  | — |  |  | 1,408 |  |  |  |  |  |  |
Contingent legal fees | 571 |  |  | — |  |  | — |  |  | 571 |  |  | 2,395 |  |  | — |  |  | — |  |  | 2,395 |  |  |  |  |  |  |
Litigation and licensing expenses | 1,152 |  |  | — |  |  | — |  |  | 1,152 |  |  | 2,290 |  |  | — |  |  | — |  |  | 2,290 |  |  |  |  |  |  |
Amortization of patents | 3,240 |  |  | — |  |  | — |  |  | 3,240 |  |  | 6,673 |  |  | — |  |  | — |  |  | 6,673 |  |  |  |  |  |  |
Cost of sales | — |  |  | 3,277 |  |  | — |  |  | 3,277 |  |  | — |  |  | 7,326 |  |  | — |  |  | 7,326 |  |  |  |  |  |  |
Cost of production | — |  |  | — |  |  | 10,038 |  |  | 10,038 |  |  | — |  |  | — |  |  | 11,353 |  |  | 11,353 |  |  |  |  |  |  |
Total cost of revenues | 5,765 |  |  | 3,277 |  |  | 10,038 |  |  | 19,080 |  |  | 12,766 |  |  | 7,326 |  |  | 11,353 |  |  | 31,445 |  |  |  |  |  |  |
Segment gross (loss) profit | (432) |  |  | 3,058 |  |  | 4,132 |  |  | 6,758 |  |  | 6,190 |  |  | 7,850 |  |  | 4,673 |  |  | 18,713 |  |  |  |  |  |  |
Other operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineering and development expenses | — |  |  | 178 |  |  | — |  |  | 178 |  |  | — |  |  | 312 |  |  | — |  |  | 312 |  |  |  |  |  |  |
Sales and marketing expenses | — |  |  | 1,387 |  |  | — |  |  | 1,387 |  |  | — |  |  | 2,942 |  |  | — |  |  | 2,942 |  |  |  |  |  |  |
Amortization of intangible assets | — |  |  | 433 |  |  | — |  |  | 433 |  |  | — |  |  | 866 |  |  | — |  |  | 866 |  |  |  |  |  |  |
General and administrative expenses | 1,821 |  |  | 1,294 |  |  | 883 |  |  | 3,998 |  |  | 5,161 |  |  | 2,752 |  |  | 1,268 |  |  | 9,181 |  |  |  |  |  |  |
Total other operating expenses | 1,821 |  |  | 3,292 |  |  | 883 |  |  | 5,996 |  |  | 5,161 |  |  | 6,872 |  |  | 1,268 |  |  | 13,301 |  |  |  |  |  |  |
Segment operating (loss) income | $ | (2,253) |  |  | $ | (234) |  |  | $ | 3,249 |  |  | 762 |  |  | $ | 1,029 |  |  | $ | 978 |  |  | $ | 3,405 |  |  | 5,412 |  |  |  |  |  |  |
Parent general and administrative expenses |  |  |  |  |  |  | 5,520 |  |  |  |  |  |  |  |  | 12,257 |  |  |  |  |  |  |
Operating loss |  |  |  |  |  |  | (4,758) |  |  |  |  |  |  |  |  | (6,845) |  |  |  |  |  |  |
Total other expense |  |  |  |  |  |  | (11,132) |  |  |  |  |  |  |  |  | (10,343) |  |  |  |  |  |  |
Loss before income taxes |  |  |  |  |  |  | $ | (15,890) |  |  |  |  |  |  |  |  | $ | (17,188) |  |  |  |  |  |  |
| Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2023
| Intellectual Property Operations |  | Industrial Operations |  |  |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |
License fees | $ | 394 |  |  | $ | — |  |  |  |  | $ | 394 |  |  | $ | 4,570 |  |  | $ | — |  |  | $ | 4,570 |
Printers and parts | — |  |  | 2,324 |  |  |  |  | 2,324 |  |  | — |  |  | 6,788 |  |  | 6,788 |
Consumable products | — |  |  | 4,328 |  |  |  |  | 4,328 |  |  | — |  |  | 9,498 |  |  | 9,498 |
Services | — |  |  | 858 |  |  |  |  | 858 |  |  | — |  |  | 1,851 |  |  | 1,851 |
Total revenues | 394 |  |  | 7,510 |  |  |  |  | 7,904 |  |  | 4,570 |  |  | 18,137 |  |  | 22,707 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |
Inventor royalties | 145 |  |  | — |  |  |  |  | 145 |  |  | 366 |  |  | — |  |  | 366 |
Contingent legal fees | 12 |  |  | — |  |  |  |  | 12 |  |  | 544 |  |  | — |  |  | 544 |
Litigation and licensing expenses | 2,253 |  |  | — |  |  |  |  | 2,253 |  |  | 3,637 |  |  | — |  |  | 3,637 |
Amortization of patents | 2,600 |  |  | — |  |  |  |  | 2,600 |  |  | 5,201 |  |  | — |  |  | 5,201 |
Cost of sales | — |  |  | 3,933 |  |  |  |  | 3,933 |  |  | — |  |  | 9,153 |  |  | 9,153 |
Total cost of revenues | 5,010 |  |  | 3,933 |  |  |  |  | 8,943 |  |  | 9,748 |  |  | 9,153 |  |  | 18,901 |
Segment gross (loss) profit | (4,616) |  |  | 3,577 |  |  |  |  | (1,039) |  |  | (5,178) |  |  | 8,984 |  |  | 3,806 |
Other operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Engineering and development expenses | — |  |  | 205 |  |  |  |  | 205 |  |  | — |  |  | 421 |  |  | 421 |
Sales and marketing expenses | — |  |  | 1,859 |  |  |  |  | 1,859 |  |  | — |  |  | 3,772 |  |  | 3,772 |
Amortization of intangible assets | — |  |  | 434 |  |  |  |  | 434 |  |  | — |  |  | 867 |  |  | 867 |
General and administrative expenses | 1,602 |  |  | 1,592 |  |  |  |  | 3,194 |  |  | 3,499 |  |  | 3,877 |  |  | 7,376 |
Total other operating expenses | 1,602 |  |  | 4,090 |  |  |  |  | 5,692 |  |  | 3,499 |  |  | 8,937 |  |  | 12,436 |
Segment operating (loss) income | $ | (6,218) |  |  | $ | (513) |  |  |  |  | (6,731) |  |  | $ | (8,677) |  |  | $ | 47 |  |  | (8,630) |
Parent general and administrative expenses |  |  |  |  |  |  | 5,798 |  |  |  |  |  |  | 13,223 |
Operating income loss |  |  |  |  |  |  | (12,529) |  |  |  |  |  |  | (21,853) |
Total other (expense) income |  |  |  |  |  |  | (7,895) |  |  |  |  |  |  | 13,359 |
Loss before income taxes |  |  |  |  |  |  | $ | (20,424) |  |  |  |  |  |  | $ | (8,494) |
Schedule of Segment Reporting Information, by Segment |
| June 30, 2024 |  | December 31, 2023
| (In thousands)
Equity securities investments: |  |  |
Equity securities | $ | 18,174 |  |  | $ | 63,068 |
Equity securities without readily determinable fair value | 5,816 |  |  | 5,816 |
Equity method investments | 30,934 |  |  | 30,934 |
Total parent equity securities investments | 54,924 |  |  | 99,818 |
Other parent assets | 203,728 |  |  | 218,909 |
Segment total assets: |  |  |
Intellectual property operations | 231,034 |  |  | 234,254 |
Industrial operations | 47,180 |  |  | 47,854 |
Energy operations | 216,727 |  |  | 32,710 |
Total assets | $ | 753,593 |  |  | $ | 633,545 |
Revenue from External Customers by Geographic Areas |
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024
| Intellectual Property Operations |  | Industrial Operations |  | Energy Operations |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Energy Operations |  | Total
| (In thousands)
Revenues by geographic area: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States | $ | 5,331 |  |  | $ | 2,873 |  |  | $ | 14,170 |  |  | $ | 22,374 |  |  | $ | 7,395 |  |  | $ | 6,032 |  |  | $ | 16,026 |  |  | $ | 29,453 |
Canada and Latin America | — |  |  | 220 |  |  | — |  |  | 220 |  |  | 1 |  |  | 486 |  |  | — |  |  | 487 |
Total Americas | 5,331 |  |  | 3,093 |  |  | 14,170 |  |  | 22,594 |  |  | 7,396 |  |  | 6,518 |  |  | 16,026 |  |  | 29,940 |
Europe, Middle East and Africa | — |  |  | 1,705 |  |  | — |  |  | 1,705 |  |  | — |  |  | 4,183 |  |  | — |  |  | 4,183 |
China | — |  |  | 232 |  |  | — |  |  | 232 |  |  | 4,650 |  |  | 750 |  |  | — |  |  | 5,400 |
India | — |  |  | 517 |  |  | — |  |  | 517 |  |  | — |  |  | 1,435 |  |  | — |  |  | 1,435 |
Asia-Pacific, excluding China and India | 2 |  |  | 788 |  |  | — |  |  | 790 |  |  | 6,910 |  |  | 2,290 |  |  | — |  |  | 9,200 |
Total Asia-Pacific | 2 |  |  | 1,537 |  |  | — |  |  | 1,539 |  |  | 11,560 |  |  | 4,475 |  |  | — |  |  | 16,035 |
Total revenues | $ | 5,333 |  |  | $ | 6,335 |  |  | $ | 14,170 |  |  | $ | 25,838 |  |  | $ | 18,956 |  |  | $ | 15,176 |  |  | $ | 16,026 |  |  | $ | 50,158 |
| Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2023
| Intellectual Property Operations |  | Industrial Operations |  | Total |  | Intellectual Property Operations |  | Industrial Operations |  | Total
| (In thousands)
Revenues by geographic area: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 386 |  |  | $ | 3,277 |  |  | $ | 3,663 |  |  | $ | 1,059 |  |  | $ | 7,511 |  |  | $ | 8,570 |
Canada and Latin America | 7 |  |  | 334 |  |  | 341 |  |  | 508 |  |  | 553 |  |  | 1,061 |
Total Americas | 393 |  |  | 3,611 |  |  | 4,004 |  |  | 1,567 |  |  | 8,064 |  |  | 9,631 |
Europe, Middle East and Africa | — |  |  | 1,962 |  |  | 1,962 |  |  | — |  |  | 4,927 |  |  | 4,927 |
China | — |  |  | 772 |  |  | 772 |  |  | 3,000 |  |  | 1,615 |  |  | 4,615 |
India | — |  |  | 170 |  |  | 170 |  |  | — |  |  | 998 |  |  | 998 |
Asia-Pacific, excluding China and India | 1 |  |  | 995 |  |  | 996 |  |  | 3 |  |  | 2,533 |  |  | 2,536 |
Total Asia-Pacific | 1 |  |  | 1,937 |  |  | 1,938 |  |  | 3,003 |  |  | 5,146 |  |  | 8,149 |
Total revenues | $ | 394 |  |  | $ | 7,510 |  |  | $ | 7,904 |  |  | $ | 4,570 |  |  | $ | 18,137 |  |  | $ | 22,707 |
Long-lived Assets by Geographic Areas |
| June 30, 2024
| Intellectual Property Operations |  | Industrial Operations |  | Energy Operations |  | Total
| (In thousands)
Long-lived tangible assets by geographic area: |  |  |  |  |  |  |
United States | $ | 183 |  |  | $ | 6 |  |  | $ | 192,980 |  |  | $ | 193,169 |
Malaysia | — |  |  | 1,576 |  |  | — |  |  | 1,576 |
Other foreign countries | — |  |  | 157 |  |  | — |  |  | 157 |
Total | $ | 183 |  |  | $ | 1,739 |  |  | $ | 192,980 |  |  | $ | 194,902 |
| December 31, 2023
| Intellectual Property Operations |  | Industrial Operations |  | Energy Operations |  | Total
| (In thousands)
Long-lived tangible assets by geographic area: |  |  |  |  |  |  |
United States | $ | 201 |  |  | $ | 92 |  |  | $ | 25,117 |  |  | $ | 25,410 |
Malaysia | — |  |  | 1,949 |  |  | — |  |  | 1,949 |
Other foreign countries | — |  |  | 114 |  |  | — |  |  | 114 |
Total | $ | 201 |  |  | $ | 2,155 |  |  | $ | 25,117 |  |  | $ | 27,473 |

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