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Discontinued Operations | 9 Months Ended
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Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | 10. Discontinued Operations The Company’s discontinued operations consist of all our subsidiaries included in our Industrial Segment which encompasses subsidiaries divested in 2011 and earlier, as well as three previously closed locations. The Company’s discontinued operations had net loss $173,000 (net of tax expense of $79,000) and net income of $95,000 (net of tax benefits of $234,000) for the three months ended September 30, 2024, and 2023, respectively, and net losses of $441,000 (net of $0 tax expense) and $44,000 (net of tax benefit of $353,000) for the nine months ended September 30, 2024 and 2023, respectively. The income and losses (excluding the tax benefits) were primarily due to costs incurred in the administration and continued monitoring/evaluation of our discontinued operations. The Company’s discontinued operations had no revenue for any of the periods noted above. The following table presents the major class of assets of discontinued operations as of September 30, 2024, and December 31, 2023. No assets and liabilities were held for sale at each of the periods noted. Schedule of Disposal Groups, Including Discontinued Operation Balance Sheet
|  | September 30, |  |  | December 31, |
(Amounts in Thousands) |  | 2024 |  |  | 2023 |
Current assets |  |  |  |  |  |  |  |
Other assets |  | $ | 12 |  |  | $ | 13 |
Total current assets |  |  | 12 |  |  |  | 13 |
Long-term assets |  |  |  |  |  |  |  |
Property, plant and equipment, net (1) |  |  | 130 |  |  |  | 81 |
Total long-term assets |  |  | 130 |  |  |  | 81 |
Total assets |  | $ | 142 |  |  | $ | 94 |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 96 |  |  | $ | 80 |
Accrued expenses and other liabilities |  |  | 154 |  |  |  | 128 |
Environmental liabilities |  |  | 1 |  |  |  | 61 |
Total current liabilities |  |  | 251 |  |  |  | 269 |
Long-term liabilities |  |  |  |  |  |  |  |
Closure liabilities |  |  | 176 |  |  |  | 169 |
Environmental liabilities |  |  | 766 |  |  |  | 784 |
Total long-term liabilities |  |  | 942 |  |  |  | 953 |
Total liabilities |  | $ | 1,193 |  |  | $ | 1,222 |
(1) |  | net of accumulated depreciation of $10,000 for each period presented.
On June 1, 2024, our Perma-Fix South Georgia, Inc. (“PFSG”) subsidiary entered into a lease agreement with a tenant leasing a portion of the PFSG property. The lease is for a two-years term and requires monthly payment by the lessee of approximately $8,500 for the first year and approximately $8,755 for the second year. The lessee is responsible for all expenses relating to the permitted usage of the property, including all utilities, a portion of the annual real estate taxes and is responsible for maintaining insurance coverage, among other things.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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