Business Combination (Tables)

3 Months Ended

Jun. 30, 2024

Business Combinations [Abstract]

Schedule of assets acquired and liabilities assumed

The Company's preliminary allocation of the purchase price to the assets acquired, liabilities assumed, and noncontrolling interest recognized and redeemable as of the Closing Date were as follows:

(In thousands)
Cash and cash equivalents	$	32
Accounts receivable		124
Materials and supplies		538
Operating lease right-of-use		502
Prepaid expenses and other assets		266
Property, plant, and equipment		23,750
Intangible assets		11,130
Goodwill		10,434
Total assets acquired		46,776
Accounts payable		1,260
Accrued expenses and other liabilities		231
Lease liabilities		502
Deferred income taxes		4,668
Deferred revenue		556
Total liabilities assumed		7,217
Total fair value of net assets acquired		39,559
Less: redeemable noncontrolling interest		(17,644	)
Less: noncontrolling interest		(3,551	)
Total purchase price	$	18,364

Schedule of net impact of the Acquisition on the Company's condensed consolidated statements of operations

The following is the net impact of the Amplex Acquisition on the Company's condensed consolidated statements of operations since the Closing Date:

	For the Three Months Ended June 30,
(In thousands)	2024
Total revenue	$	489
Loss from continuing operations	$	(600	)

Schedule of business acquisition, pro forma information

The following table represents the supplemental consolidated financial results of the Company on an unaudited pro forma basis, as if the acquisition had been consummated on April 1, 2023.

	(In thousands)
	For the Three Months Ended June 30,
	2024			2023
Revenue	$	4,213		$	9,775
Net loss from continuing operations		(5,959	)		(1,234	)
Net income from discontinued operations		2,059			3,044
Net (loss) income		(3,900	)		1,810
Per share amounts:
Basic loss per share from continuing operations		(0.88	)		(0.17	)
Diluted loss per share from continuing operations		(0.88	)		(0.17	)
Basic earnings per share from discontinued operations		0.31			0.42
Diluted earnings per share from discontinued operations		0.30			0.42
Basic (loss) earnings per share		(0.58	)		0.25
Diluted (loss) earnings per share		(0.58	)		0.25

Schedule of noncash investing and financing activities

The following table represents the supplemental schedule of noncash investing and financing activities:

	(In thousands)
	For the Three Months Ended June 30,
	2024			2023
Supplemental schedule of noncash investing and financing activities
Fair value of Amplex assets acquired	$	46,776		$	-
Less: redeemable noncontrolling interest		(17,644	)		-
Less: noncontrolling interest		(3,551	)		-
Less: cash paid for Amplex common stock		(18,364	)		-
Amplex liabilities assumed	$	7,217		$	-