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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 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 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 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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