ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Business Acquisition, Pro Forma Information

The following unaudited pro forma summary presents consolidated information, as if the business combination had occurred on January 1, 2022:

	Years Ended December 31,
	2023		2022
	(Unaudited, in thousands)
Pro forma:
Revenues	$	131,712	$	64,195
Net income (loss) attributable to Acacia Research Corporation	66,755		(123,316)

Asset Acquisition

The following table summarizes the consideration transferred to acquire Benchmark and the recognized amounts of identifiable assets acquired and liabilities assumed at the acquisition date (in thousands):

Fair value of consideration transferred:
Cash	$	10,000
Total consideration	$	10,000
Identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	$	10,556
Trade receivables	1,385
Prepaid expenses and other current assets	1,644
Oil and natural gas properties, net	25,276
Other assets	361
Trade and other payables	(2,349)
Revolving credit facility	(18,225)
Other long-term liabilities	(276)
Noncontrolling interest	(9,821)
Total identifiable net assets	$	8,551
Goodwill	$	1,449