XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 6. Intangible Assets Intangible assets consist of the following as of September 30, 2023: Schedule of Intangible Assets
(Dollars in thousands) |  | Intangible Assets |  |  | Accumulated Amortization |  |  | Total |
Strategic pipeline contract |  | $ | 46,885 |  |  | $ | 17,972 |  |  | $ | 28,913 |
Assembled workforce |  |  | 500 |  |  |  | 192 |  |  |  | 308 |
Patents |  |  | 156 |  |  |  | 7 |  |  |  | 149 |
Total |  | $ | 47,541 |  |  | $ | 18,171 |  |  | $ | 29,370 |
Intangible assets consist of the following as of December 31, 2022:
(Dollars in thousands) |  | Intangible Assets |  |  | Accumulated Amortization |  |  | Total |
Strategic pipeline contract |  | $ | 46,885 |  |  | $ | 10,940 |  |  | $ | 35,945 |
Assembled workforce |  |  | 500 |  |  |  | 117 |  |  |  | 383 |
Patents |  |  | 110 |  |  |  | 6 |  |  |  | 104 |
Total |  | $ | 47,495 |  |  | $ | 11,063 |  |  | $ | 36,432 |
Amortization expense for the three months ended September 30, 2023 and 2022 was approximately $2.4 million and $2.4 million, respectively. Amortization expense for the nine months ended September 30, 2023 and 2022 was approximately $7.1 million and $7.1 million, respectively. The strategic pipeline contract relates to supply of a critical input to our digital mining business. The Company has analyzed this strategic pipeline contract similar to a permit for future benefit. The strategic pipeline contract relates to potential renewable energy data centers that fit in the alignment of the Company structure to expand operations of the Company’s new focus in their business. The Company expects to record amortization expense of intangible assets over the next five years and thereafter as follows: Schedule of Amortization Expense of Intangible Assets (Dollars in thousands)
Year |  |  |
2023 (remainder of the year) |  | $ | 2,371 |
2024 |  |  | 9,485 |
2025 |  |  | 9,485 |
2026 |  |  | 7,905 |
2027 |  |  | 7 |
Thereafter |  |  | 117 |
Total |  | $ | 29,370 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration