Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value by Balance Sheet

The following table sets forth by level within the fair value hierarchy our assets and liabilities that were recorded at fair value as of June 30, 2025 and December 31, 2024 (in thousands):

Assets and Liabilities Measured at Fair Value on a Recurring Basis

	Fair Value as of June 30, 2025
	Level 1		Level 2		Level 3		Total
Assets (Liabilities):
Equity securities	$	1,763	$	—	$	—	$	1,763
Lumber derivative contracts	13		—		—		13
Investment in Enservco	191		—		73		264
BLL acquisition related earn-out	—		—		(167)		(167)
Total	$	1,967	$	—	$	(94)	$	1,873

	Fair Value as of December 31, 2024
	Level 1		Level 2		Level 3		Total
Assets (Liabilities):
Equity securities	$	3,368	$	—	$	—	$	3,368
Lumber derivative contracts	(7)		—		—		(7)
Investment in Enservco	496		—		259		755
BLL acquisition related earn-out	—		—		(152)		(152)
Total	$	3,857	$	—	$	107	$	3,964

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents the reconciliation for all Level 3 assets for the three and six months ended June 30, 2025. See Note 4. “Supplementary Balance sheet Information” for the discussion of inputs to Level 3 assets.

Level 3 Rollforward	Enservco Preferred stock		Enservco Call Option		Total
Beginning Balance December 31,2024)	$	191	$	68	$	259
Unrealized gain (loss)	(59)		(39)		(98)
Ending Balance March 31, 2025	$	132	$	29	$	161
Unrealized gain (loss)	(59)		(29)		(88)
Ending Balance June 30, 2025	$	73	$	—	$	73

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The tables below present reconciliations for all Level 3 liabilities for the three and six months ended June 30, 2025 and June 30, 2024, respectively. The Level 3 liabilities consist of an earnout liability associated with the Big Lake Lumber (“BLL”) acquisition in 2023.

	2025		2024
Beginning Balance December 31	$	152	$	169
Change in fair value of earn-out	—		—
Balance as at March 31	$	152	$	169
Change in fair value of earn-out	15		—
Balance as at June 30	$	167	$	169

Schedule of Investment in Equity Securities, Gain (Loss)

Gains and losses from investments in equity securities are recorded in other income (expense) in the condensed Consolidated Statements of Operations and included the following for the three and six months ended June 30, 2025 and 2024, respectively:

	Three Months Ended June 30,
	2025		2024
Unrealized gain (loss) on equity securities	$	44	$	(303)
Realized gain (loss) on equity securities	5,553		—
Total gain (loss) on equity securities	$	5,597	$	(303)

	Six Months Ended June 30,
	2025		2024
Unrealized gain (loss) on equity securities	$	(180)	$	(75)
Realized gain (loss) on equity securities	5,554		34
Total gain (loss) on equity securities	$	5,374	$	(41)

Schedule of Derivative Instruments, Gain (Loss)

Gains and losses from lumber derivative contracts are recorded in the cost of goods sold of the condensed Consolidated Statements of Operations and included the following for the three and six months ended June 30, 2025 and 2024, respectively:

	Three Months Ended June 30,
	2025		2024
Unrealized gain (loss) on lumber derivatives	$	44	$	1
Realized gain (loss) on lumber derivatives	42		(62)
Total gain (loss) on lumber derivatives	$	86	$	(61)

	Six Months Ended June 30,
	2025		2024
Unrealized gain (loss) on lumber derivatives	$	20	$	(19)
Realized gain (loss) on lumber derivatives	(43)		(46)
Total gain (loss) on lumber derivatives	$	(23)	$	(65)