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Segment Information | 9 Months Ended
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Sep. 30, 2025
Segment Reporting Information, Additional Information [Abstract] |
Segment Information | Note 14 – Segment Information The following tables sets forth certain financial information for the Company's reportable segments for the three month periods ended September 30, 2025 and 2024 (in thousands):
|  | Three Months Ended September 30, 2025 |
|  | Auction and Liquidation |  |  | Refurbishment & Resale |  |  | Brokerage |  |  | Specialty Lending |  |  | Corporate and other |  |  | Consolidated |
Gross profit [1] |  | $ | 2,405 |  |  | $ | 1,430 |  |  | $ | 3,166 |  |  | $ | 299 |  |  | $ | — |  |  | $ | 7,300 |
Operating expenses [2] |  |  | (1,964 | ) |  |  | (984 | ) |  |  | (1,701 | ) |  |  | (257 | ) |  |  | (1,182 | ) |  |  | (6,088 | )
Earnings from equity method investments |  |  | 32 |  |  |  | — |  |  |  | — |  |  |  | 57 |  |  |  | — |  |  |  | 89 |
Operating income (loss) |  | $ | 473 |  |  | $ | 446 |  |  | $ | 1,465 |  |  | $ | 99 |  |  | $ | (1,182 | ) |  | $ | 1,301 |
|  | Three Months Ended September 30, 2024 |
|  | Auction and Liquidation |  |  | Refurbishment & Resale |  |  | Brokerage |  |  | Specialty Lending |  |  | Corporate and other |  |  | Consolidated |
Gross profit [1] |  | $ | 2,418 |  |  | $ | 1,066 |  |  | $ | 3,297 |  |  | $ | 436 |  |  | $ | — |  |  | $ | 7,217 |
Operating expenses [2] |  |  | (1,864 | ) |  |  | (913 | ) |  |  | (1,642 | ) |  |  | (351 | ) |  |  | (1,068 | ) |  |  | (5,838 | )
Earnings from equity method investments |  |  | 29 |  |  |  | — |  |  |  | — |  |  |  | 71 |  |  |  | — |  |  |  | 100 |
Operating income (loss) |  | $ | 583 |  |  | $ | 153 |  |  | $ | 1,655 |  |  | $ | 156 |  |  | $ | (1,068 | ) |  | $ | 1,479 |
The following tables sets forth certain financial information for the Company's reportable segments for the nine month periods ended September 30, 2025 and 2024 (in thousands):
|  | Nine Months Ended September 30, 2025 |
|  | Auction and Liquidation |  |  | Refurbishment & Resale |  |  | Brokerage |  |  | Specialty Lending |  |  | Corporate and other |  |  | Consolidated |
Gross profit [1] |  | $ | 8,134 |  |  | $ | 4,173 |  |  | $ | 10,252 |  |  | $ | 1,099 |  |  | $ | 64 |  |  | $ | 23,722 |
Operating expenses [2] |  |  | (6,053 | ) |  |  | (3,052 | ) |  |  | (5,210 | ) |  |  | (921 | ) |  |  | (3,762 | ) |  |  | (18,998 | )
Earnings from equity method investments |  |  | 31 |  |  |  | — |  |  |  | — |  |  |  | 181 |  |  |  | — |  |  |  | 212 |
Operating income (loss) |  | $ | 2,112 |  |  | $ | 1,121 |  |  | $ | 5,042 |  |  | $ | 359 |  |  | $ | (3,698 | ) |  | $ | 4,936 |
|  | Nine Months Ended September 30, 2024 |
|  | Auction and Liquidation |  |  | Refurbishment & Resale |  |  | Brokerage |  |  | Specialty Lending |  |  | Corporate and other |  |  | Consolidated |
Gross profit [1] |  | $ | 8,022 |  |  | $ | 2,874 |  |  | $ | 10,794 |  |  | $ | 2,099 |  |  | $ | — |  |  | $ | 23,789 |
Operating expenses [2] |  |  | (5,913 | ) |  |  | (2,702 | ) |  |  | (5,132 | ) |  |  | (1,581 | ) |  |  | (3,502 | ) |  |  | (18,830 | )
Earnings from equity method investments |  |  | 1,391 |  |  |  | — |  |  |  | — |  |  |  | 1,231 |  |  |  | — |  |  |  | 2,622 |
Operating income (loss) |  | $ | 3,500 |  |  | $ | 172 |  |  | $ | 5,662 |  |  | $ | 1,749 |  |  | $ | (3,502 | ) |  | $ | 7,581 |
[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 September 30, 2025, the total amount of gross profit allocated to ALT from HGP was approximately $0.5 million, as compared to the total amount of gross profit allocated to ALT during the same period of 2024 of approximately $0.3 million. During the nine months ended September 30, 2025, the total amount of gross profit allocated to ALT from HGP was approximately $1.1 million, as compared to the total amount of gross profit allocated to ALT during the same period of 2024 of approximately $0.8 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. During the three months ended September 30, 2024, no interest was allocated to Specialty Lending (HGC) from Corporate and other. During the nine months ended September 30, 2024, the total amount of interest allocated to Specialty Lending (HGC) from Corporate and other was approximately $0.3 million. No interest expense has been allocated to operating segments during the nine months ended September 30, 2025.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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