XML 50 R39.htm IDEA: XBRL DOCUMENT v3.24.2.u1

SEGMENT REPORTING (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration