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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting Information, Additional Information [Abstract]

Schedule of Financial Information for the Company's Reportable Segments

The following tables sets forth certain financial information for the Company's reportable segments for the three-month periods ended March 31, 2025 and March 31, 2024 (in thousands):

		Three Months Ended March 31, 2025
		Auction and Liquidation				Refurbishment & Resale				Brokerage				Specialty Lending				Corporate and other				Consolidated
Gross profit [1]		$	2,876			$	1,324			$	3,378			$	368			$	65			$	8,011
Operating expenses [2]			(2,125	)			(1,052	)			(1,778	)			(353	)			(1,344	)			(6,652	)
Earnings from equity method investments			(20	)			—				—				64				—				44
Operating income (loss)		$	731			$	272			$	1,600			$	79			$	(1,279	)		$	1,403

		Three Months Ended March 31, 2024
		Auction and Liquidation				Refurbishment & Resale				Brokerage				Specialty Lending				Corporate and other				Consolidated
Gross profit [1]		$	2,604			$	903			$	3,894			$	869			$	—			$	8,270
Operating expenses [2]			(1,850	)			(887	)			(1,827	)			(749	)			(1,186	)			(6,499	)
Earnings from equity method investments			42				—				—				745				—				787
Operating income (loss)		$	796			$	16			$	2,067			$	865			$	(1,186	)		$	2,558

[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 relating to these transactions are allocated to ALT rather than accounted for under the segment profit or loss of HGP. During the three months ended March 31, 2025, the total amount of gross profit allocated to ALT from HGP was approximately $0.3 million, as compared to the total amount of gross profit allocated to ALT during the same period of 2024 of approximately $0.4 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. During the three months ended March 31, 2024, the total amount of interest allocated to Specialty Lending (HGC) from Corporate and other was approximately $0.1 million. No interest expense has been allocated to operating segments as of March 31, 2025.

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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

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- References

No definition available.

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