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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting Information, Additional Information [Abstract] |
Schedule of Financial Information for the Company's Reportable Segments | The following table sets forth certain financial information for the Company's reportable segments (in thousands):
|  | Year Ended December 31, 2024 |
|  | Auction and Liquidation |  |  | Refurbishment & Resale |  |  | Brokerage |  |  | Specialty Lending |  |  | Corporate and other |  |  | Consolidated |
Gross profit [1] |  | $ | 10,560 |  |  | $ | 4,103 |  |  | $ | 14,069 |  |  | $ | 2,503 |  |  | $ | — |  |  | $ | 31,235 |
Operating expenses [2] |  |  | (7,911 | ) |  |  | (3,655 | ) |  |  | (6,717 | ) |  |  | (1,800 | ) |  |  | (4,774 | ) |  |  | (24,857 | )
Earnings from equity method investments |  |  | 1,391 |  |  |  | — |  |  |  | — |  |  |  | 1,297 |  |  |  | — |  |  |  | 2,688 |
Operating income (loss) |  | $ | 4,040 |  |  | $ | 448 |  |  | $ | 7,352 |  |  | $ | 2,000 |  |  | $ | (4,774 | ) |  | $ | 9,066 |
|  | Year Ended December 31, 2023 |
|  | Auction and Liquidation |  |  | Refurbishment & Resale |  |  | Brokerage |  |  | Specialty Lending |  |  | Corporate and other |  |  | Consolidated |
Gross profit [1] |  | $ | 13,545 |  |  | $ | 6,285 |  |  | $ | 16,762 |  |  | $ | 3,223 |  |  | $ | — |  |  | $ | 39,815 |
Operating expenses [2] |  |  | (8,767 | ) |  |  | (3,438 | ) |  |  | (7,816 | ) |  |  | (2,280 | ) |  |  | (4,254 | ) |  |  | (26,555 | )
Earnings from equity method investments |  |  | 140 |  |  |  | — |  |  |  | — |  |  |  | 919 |  |  |  | — |  |  |  | 1,059 |
Operating income (loss) |  | $ | 4,918 |  |  | $ | 2,847 |  |  | $ | 8,946 |  |  | $ | 1,862 |  |  | $ | (4,254 | ) |  | $ | 14,319 |
[1] Within the Company’s Industrial Asset division, management allocates gross profit resulting from certain auctions from Auctions and Liquidation (HGP) to Refurbishment & Resale (ALT). From time to time, ALT may source and refer an auction project to HGP or directly sell lab equipment inventory through the auction channel. In these instances, the profits relates to these transactions are allocated to ALT rather than accounted for under the segment profit or loss of HGP. In 2024, the total amount of gross profit allocated to ALT from HGP was approximately $1.4 million, as compared to the total amount of gross profit allocated to ALT in 2023 of approximately $3.8 million. [2] All financing arrangements are originated with Corporate and other. Management may determine from time to time that interest incurred from financing arrangements are directly attributable to a specific segment. As a result, interest incurred may be charged to the segment and included in that segment’s profit or loss as a charge to operating expense. In 2024, the total amount of interest allocated to Specialty Lending (HGC) from Corporate and other was approximately $0.3 million, as compared to the total amount of interest allocated to HGC in 2023 of approximately $0.5 million.

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- 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
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