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v3.25.0.1

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Earnings of equity method investments |  | $ 2,688 | $ 1,059
Operating income (loss) |  | 9,066 | 14,319
Auction and Liquidation |  |  |
Gross profit | [1] | 10,560 | 13,545
Operating expenses | [2] | (7,911) | (8,767)
Earnings of equity method investments |  | 1,391 | 140
Operating income (loss) |  | 4,040 | 4,918
Refurbishment & Resale |  |  |
Gross profit | [1] | 4,103 | 6,285
Operating expenses | [2] | (3,655) | (3,438)
Earnings of equity method investments |  | 0 | 0
Operating income (loss) |  | 448 | 2,847
ALT [Member] |  |  |
Gross profit |  | 1,400 | 3,800
Brokerage |  |  |
Gross profit | [1] | 14,069 | 16,762
Operating expenses | [2] | (6,717) | (7,816)
Earnings of equity method investments |  | 0 | 0
Operating income (loss) |  | 7,352 | 8,946
Specialty Lending |  |  |
Gross profit | [1] | 2,503 | 3,223
Operating expenses | [2] | (1,800) | (2,280)
Earnings of equity method investments |  | 1,297 | 919
Operating income (loss) |  | 2,000 | 1,862
Corporate and Other [Member] |  |  |
Gross profit | [1] | 0 | 0
Operating expenses | [2] | (4,774) | (4,254)
Earnings of equity method investments |  | 0 | 0
Operating income (loss) |  | (4,774) | (4,254)
Consolidated [Member] |  |  |
Gross profit | [1] | 31,235 | 39,815
Operating expenses | [2] | (24,857) | (26,555)
Earnings of equity method investments |  | 2,688 | 1,059
Operating income (loss) |  | $ 9,066 | $ 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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