XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.2
SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The Company's segment information is as follows:
Three Months Ended June 30,
2022
Intellectual Property OperationsIndustrial OperationsTotal
(In thousands)
Revenues:
License fees$8,062 $— $8,062 
Printers and parts— 3,662 3,662 
Consumable products— 4,214 4,214 
Services— 779 779 
Total revenues8,062 8,655 16,717 
Cost of revenues:
Inventor royalties190 — 190 
Contingent legal fees755 — 755 
Litigation and licensing expenses1,089 — 1,089 
Amortization of patents2,600 — 2,600 
Cost of sales— 4,592 4,592 
Total cost of revenues4,634 4,592 9,226 
Segment gross profit3,428 4,063 7,491 
Other operating expenses:
Engineering and development expenses— 145 145 
Sales and marketing expenses— 2,294 2,294 
Amortization of intangible assets— 433 433 
General and administrative expenses1,807 2,253 4,060 
Total other operating expenses1,807 5,125 6,932 
Segment operating income (loss)$1,621 $(1,062)559 
Parent general and administrative expenses6,229 
Operating loss(5,670)
Total other expense(42,020)
Loss before income taxes$(47,690)
For comparability purposes, Acacia's three months ended June 30, 2021 general and administrative expenses, as reported in the consolidated statement of operations, were $6.5 million and included parent general and administrative expenses of $5.1 million, which derives a comparative Intellectual Property Operations general and administrative expense amount of approximately $1.4 million.
Six Months Ended June 30,
2022
Intellectual Property OperationsIndustrial OperationsTotal
(In thousands)
Revenues:
License fees$10,677 $— $10,677 
Printers and parts— 7,916 7,916 
Consumable products— 9,598 9,598 
Services— 2,033 2,033 
Total revenues10,677 19,547 30,224 
Cost of revenues:
Inventor royalties360 — 360 
Contingent legal fees1,304 — 1,304 
Litigation and licensing expenses2,333 — 2,333 
Amortization of patents5,201 — 5,201 
Cost of sales— 8,784 8,784 
Total cost of revenues9,198 8,784 17,982 
Segment gross profit1,479 10,763 12,242 
Other operating expenses:
Engineering and development expenses— 335 335 
Sales and marketing expenses— 4,310 4,310 
Amortization of intangible assets— 866 866 
General and administrative expenses3,523 4,675 8,198 
Total other operating expenses3,523 10,186 13,709 
Segment operating (loss) income$(2,044)$577 (1,467)
Parent general and administrative expenses12,711 
Operating loss(14,178)
Total other expense(121,656)
Loss before income taxes$(135,834)
Schedule of Segment Reporting Information, by Segment
June 30, 2022December 31, 2021
(In thousands)
Equity securities investments:
Equity securities at fair value$126,345 $361,778 
Equity securities without readily determinable fair value5,816 5,816 
Investment securities - equity method investments73,020 30,934 
Total parent equity securities investments205,181 398,528 
Other parent assets135,355 172,726 
Segment total assets:
Intellectual property operations169,561 175,286 
Industrial operations51,602 52,316 
Total assets$561,699 $798,856 
Revenue from External Customers by Geographic Areas
Three Months Ended June 30,
2022
Intellectual Property OperationsIndustrial OperationsTotal
(In thousands)
Revenues by geographic area:
United States$7,964 $4,032 $11,996 
Canada and Latin America180 184 
Total Americas7,968 4,212 12,180 
Europe, Middle East and Africa89 2,298 2,387 
China— 1,091 1,091 
India— 232 232 
Asia-Pacific, excluding China and India822 827 
Total Asia-Pacific2,145 2,150 
Total revenues$8,062 $8,655 $16,717 
Six Months Ended June 30,
2022
Intellectual Property OperationsIndustrial OperationsTotal
(In thousands)
Revenues by geographic area:
United States$10,061 $7,881 $17,942 
Canada and Latin America10 552 562 
Total Americas10,071 8,433 18,504 
Europe, Middle East and Africa589 4,806 5,395 
China— 2,224 2,224 
India— 1,981 1,981 
Asia-Pacific, excluding China and India17 2,103 2,120 
Total Asia-Pacific17 6,308 6,325 
Total revenues$10,677 $19,547 $30,224 
Long-lived Assets by Geographic Areas
June 30, 2022
Intellectual Property OperationsIndustrial OperationsTotal
(In thousands)
Long-lived tangible assets by geographic area:
United States$261 $370 $631 
Malaysia— 2,989 2,989 
Other foreign countries— 263 263 
Total$261 $3,622 $3,883 
December 31, 2021
Intellectual Property OperationsIndustrial OperationsTotal
(In thousands)
Long-lived tangible assets by geographic area:
United States$204 $473 $677 
Malaysia— 3,203 3,203 
Other foreign countries— 303 303 
Total$204 $3,979 $4,183