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Leased Railcars | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Note 7 – Leased Railcars The Company had no railcars available for lease as of December 31, 2024 and no depreciation expense on railcars available for lease for the year ended December 31, 2024. The value of railcars available for lease as of December 31, 2023 was $2,842 (cost of $2,842 and accumulated depreciation of zero due to the impairment taken in 2023). Depreciation expense on railcars available for lease was $332 for the year ended December 31, 2023. The Company had no impairment charge for the year ended December 31, 2024. During the year ended December 31, 2023, we recognized a pre-tax non cash impairment charge of $4,091 related to our fleet of triple hopper aggregate railcars, which is reflected in the impairment on leased railcars line on our consolidated statements of operations. In 2024, the Company gained possession of the final assets included in our lease fleet, our triple hopper aggregate railcars, thus terminating the lease under consideration. The portion of railcars intended to be sold in their current condition were reclassified from railcars available for lease to assets held for sale, while the remaining railcars intended to be converted into a new car type were reclassified from railcars available for lease to inventory during the first quarter of 2024. These cars were subsequently sold in 2024. We do not have any other leased railcars subject to lease agreements with external customers as of December 31, 2024. As such, the Company does not expect any future minimum rental revenues on leases going forward.

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- Definition The entire disclosure for leased railcars including: 1. The Company's policy for (a) classifying leased railcars as Inventory on lease (current assets) or Railcars available for lease (long-term assets) (b)Recognizing and reporting revenue from the sale of railcars classified as Inventory on lease versus Railcars available for lease. 2. Lease fleet utilization rate 3. Future minimal rental revenues + References No definition available. + Details
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- References No definition available. + Details
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