Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
The Company's segment information is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2024 | | Nine Months Ended September 30, 2024 | | | | | | | | | | | | | | | | | | | | | | | | Intellectual Property Operations | | Industrial Operations | | Energy Operations | | Total | | Intellectual Property Operations | | Industrial Operations | | Energy Operations | | Total | | | | | | | | (In thousands) | | | | | | | Revenues: | | | | | | | | | | | | | | | | | | | | | | License fees | $ | 486 | | | $ | — | | | $ | — | | | $ | 486 | | | $ | 19,442 | | | $ | — | | | $ | — | | | $ | 19,442 | | | | | | | | Printers and parts | — | | | 2,367 | | | — | | | 2,367 | | | — | | | 7,316 | | | — | | | 7,316 | | | | | | | | Consumable products | — | | | 3,782 | | | — | | | 3,782 | | | — | | | 12,362 | | | — | | | 12,362 | | | | | | | | Services | — | | | 858 | | | — | | | 858 | | | — | | | 2,505 | | | — | | | 2,505 | | | | | | | | Oil sales | — | | | — | | | 8,997 | | | 8,997 | | | — | | | — | | | 17,740 | | | 17,740 | | | | | | | | Natural gas sales | — | | | — | | | 2,829 | | | 2,829 | | | — | | | — | | | 5,550 | | | 5,550 | | | | | | | | Natural gas liquids sales | — | | | — | | | 3,837 | | | 3,837 | | | — | | | — | | | 8,390 | | | 8,390 | | | | | | | | Other service sales | — | | | — | | | 154 | | | 154 | | | — | | | — | | | 163 | | | 163 | | | | | | | | Total revenues | 486 | | | 7,007 | | | 15,817 | | | 23,310 | | | 19,442 | | | 22,183 | | | 31,843 | | | 73,468 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cost of revenues: | | | | | | | | | | | | | | | | | | | | | | Inventor royalties | 220 | | | — | | | — | | | 220 | | | 1,628 | | | — | | | — | | | 1,628 | | | | | | | | Contingent legal fees | (22) | | | — | | | — | | | (22) | | | 2,373 | | | — | | | — | | | 2,373 | | | | | | | | Litigation and licensing expenses | 797 | | | — | | | — | | | 797 | | | 3,087 | | | — | | | — | | | 3,087 | | | | | | | | Amortization of patents | 4,712 | | | — | | | — | | | 4,712 | | | 11,385 | | | — | | | — | | | 11,385 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cost of sales | — | | | 3,523 | | | — | | | 3,523 | | | — | | | 10,849 | | | — | | | 10,849 | | | | | | | | Cost of production | — | | | — | | | 11,729 | | | 11,729 | | | — | | | — | | | 23,082 | | | 23,082 | | | | | | | | Total cost of revenues | 5,707 | | | 3,523 | | | 11,729 | | | 20,959 | | | 18,473 | | | 10,849 | | | 23,082 | | | 52,404 | | | | | | | | Segment gross (loss) profit | (5,221) | | | 3,484 | | | 4,088 | | | 2,351 | | | 969 | | | 11,334 | | | 8,761 | | | 21,064 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other operating expenses: | | | | | | | | | | | | | | | | | | | | | | Engineering and development expenses | — | | | 108 | | | — | | | 108 | | | — | | | 420 | | | — | | | 420 | | | | | | | | Sales and marketing expenses | — | | | 1,391 | | | — | | | 1,391 | | | — | | | 4,333 | | | — | | | 4,333 | | | | | | | | Amortization of intangible assets | — | | | 433 | | | — | | | 433 | | | — | | | 1,299 | | | — | | | 1,299 | | | | | | | | General and administrative expenses | 1,917 | | | 1,653 | | | 1,024 | | | 4,594 | | | 7,078 | | | 4,405 | | | 2,292 | | | 13,775 | | | | | | | | Total other operating expenses | 1,917 | | | 3,585 | | | 1,024 | | | 6,526 | | | 7,078 | | | 10,457 | | | 2,292 | | | 19,827 | | | | | | | | Segment operating (loss) income | $ | (7,138) | | | $ | (101) | | | $ | 3,064 | | | (4,175) | | | $ | (6,109) | | | $ | 877 | | | $ | 6,469 | | | 1,237 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Parent general and administrative expenses | | | | | | | 6,097 | | | | | | | | | 18,354 | | | | | | | | Operating loss | | | | | | | (10,272) | | | | | | | | | (17,117) | | | | | | | | Total other income (expense) | | | | | | | 4,112 | | | | | | | | | (6,231) | | | | | | | | Loss before income taxes | | | | | | | $ | (6,160) | | | | | | | | | $ | (23,348) | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2023 | | Nine Months Ended September 30, 2023 | | | | | | Intellectual Property Operations | | Industrial Operations | | | | Total | | Intellectual Property Operations | | Industrial Operations | | Total | | (In thousands) | Revenues: | | | | | | | | | | | | | | License fees | $ | 1,760 | | | $ | — | | | | | $ | 1,760 | | | $ | 6,330 | | | $ | — | | | $ | 6,330 | | Printers and parts | — | | | 2,852 | | | | | 2,852 | | | — | | | 9,640 | | | 9,640 | | Consumable products | — | | | 4,576 | | | | | 4,576 | | | — | | | 14,074 | | | 14,074 | | Services | — | | | 896 | | | | | 896 | | | — | | | 2,747 | | | 2,747 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total revenues | 1,760 | | | 8,324 | | | | | 10,084 | | | 6,330 | | | 26,461 | | | 32,791 | | | | | | | | | | | | | | | | Cost of revenues: | | | | | | | | | | | | | | Inventor royalties | 497 | | | — | | | | | 497 | | | 863 | | | — | | | 863 | | Contingent legal fees | 346 | | | — | | | | | 346 | | | 890 | | | — | | | 890 | | Litigation and licensing expenses | 2,026 | | | — | | | | | 2,026 | | | 5,663 | | | — | | | 5,663 | | Amortization of patents | 2,601 | | | — | | | | | 2,601 | | | 7,802 | | | — | | | 7,802 | | | | | | | | | | | | | | | | Cost of sales | — | | | 4,377 | | | | | 4,377 | | | — | | | 13,530 | | | 13,530 | | Total cost of revenues | 5,470 | | | 4,377 | | | | | 9,847 | | | 15,218 | | | 13,530 | | | 28,748 | | Segment gross (loss) profit | (3,710) | | | 3,947 | | | | | 237 | | | (8,888) | | | 12,931 | | | 4,043 | | | | | | | | | | | | | | | | Other operating expenses: | | | | | | | | | | | | | | Engineering and development expenses | — | | | 172 | | | | | 172 | | | — | | | 593 | | | 593 | | Sales and marketing expenses | — | | | 1,613 | | | | | 1,613 | | | — | | | 5,385 | | | 5,385 | | Amortization of intangible assets | — | | | 432 | | | | | 432 | | | — | | | 1,299 | | | 1,299 | | General and administrative expenses | 1,818 | | | 1,567 | | | | | 3,385 | | | 5,317 | | | 5,444 | | | 10,761 | | Total other operating expenses | 1,818 | | | 3,784 | | | | | 5,602 | | | 5,317 | | | 12,721 | | | 18,038 | | Segment operating (loss) income | $ | (5,528) | | | $ | 163 | | | | | (5,365) | | | $ | (14,205) | | | $ | 210 | | | (13,995) | | | | | | | | | | | | | | | | Parent general and administrative expenses | | | | | | | 7,788 | | | | | | | 21,011 | | Operating income loss | | | | | | | (13,153) | | | | | | | (35,006) | | Total other income | | | | | | | 15,718 | | | | | | | 29,077 | | Income (loss) before income taxes | | | | | | | $ | 2,565 | | | | | | | $ | (5,929) | |
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Revenue from External Customers by Geographic Areas |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2024 | | Nine Months Ended September 30, 2024 | | | | | | | | Intellectual Property Operations | | Industrial Operations | | Energy Operations | | Total | | Intellectual Property Operations | | Industrial Operations | | Energy Operations | | Total | | (In thousands) | Revenues by geographic area: | | | | | | | | | | | | | | | | United States | $ | 483 | | | $ | 3,074 | | | $ | 15,817 | | | $ | 19,374 | | | $ | 7,878 | | | $ | 9,106 | | | $ | 31,843 | | | $ | 48,827 | | Canada and Latin America | 2 | | | 233 | | | — | | | 235 | | | 3 | | | 719 | | | — | | | 722 | | Total Americas | 485 | | | 3,307 | | | 15,817 | | | 19,609 | | | 7,881 | | | 9,825 | | | 31,843 | | | 49,549 | | | | | | | | | | | | | | | | | | Europe, Middle East and Africa | — | | | 1,689 | | | — | | | 1,689 | | | — | | | 5,872 | | | — | | | 5,872 | | | | | | | | | | | | | | | | | | China | — | | | 306 | | | — | | | 306 | | | 4,650 | | | 1,056 | | | — | | | 5,706 | | India | — | | | 633 | | | — | | | 633 | | | — | | | 2,068 | | | — | | | 2,068 | | Asia-Pacific, excluding China and India | 1 | | | 1,072 | | | — | | | 1,073 | | | 6,911 | | | 3,362 | | | — | | | 10,273 | | Total Asia-Pacific | 1 | | | 2,011 | | | — | | | 2,012 | | | 11,561 | | | 6,486 | | | — | | | 18,047 | | Total revenues | $ | 486 | | | $ | 7,007 | | | $ | 15,817 | | | $ | 23,310 | | | $ | 19,442 | | | $ | 22,183 | | | $ | 31,843 | | | $ | 73,468 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2023 | | Nine Months Ended September 30, 2023 | | | | | | Intellectual Property Operations | | Industrial Operations | | Total | | Intellectual Property Operations | | Industrial Operations | | Total | | (In thousands) | Revenues by geographic area: | | | | | | | | | | | | United States | $ | 1,756 | | | $ | 3,476 | | | $ | 5,232 | | | $ | 2,815 | | | $ | 10,987 | | | $ | 13,802 | | Canada and Latin America | 2 | | | 238 | | | 240 | | | 510 | | | 791 | | | 1,301 | | Total Americas | 1,758 | | | 3,714 | | | 5,472 | | | 3,325 | | | 11,778 | | | 15,103 | | | | | | | | | | | | | | Europe, Middle East and Africa | — | | | 1,840 | | | 1,840 | | | — | | | 6,767 | | | 6,767 | | | | | | | | | | | | | | China | — | | | 793 | | | 793 | | | 3,000 | | | 2,408 | | | 5,408 | | India | — | | | 1,024 | | | 1,024 | | | — | | | 2,022 | | | 2,022 | | Asia-Pacific, excluding China and India | 2 | | | 953 | | | 955 | | | 5 | | | 3,486 | | | 3,491 | | Total Asia-Pacific | 2 | | | 2,770 | | | 2,772 | | | 3,005 | | | 7,916 | | | 10,921 | | Total revenues | $ | 1,760 | | | $ | 8,324 | | | $ | 10,084 | | | $ | 6,330 | | | $ | 26,461 | | | $ | 32,791 | |
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