SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The Company's segment information, including Benchmark's operations from November 13, 2023 through December 31, 2023, is as follows:

	Year Ended December 31, 2023
	Intellectual Property Operations		Industrial Operations		Energy Operations		Total
	(In thousands)
Revenues:
License fees	$	89,156	$	—	$	—	$	89,156
Printers and parts	—		12,513		—		12,513
Consumable products	—		19,091		—		19,091
Services	—		3,494		—		3,494
Oil sales	—		—		256		256
Natural gas sales	—		—		372		372
Natural gas liquids sales	—		—		220		220
Total revenues	89,156		35,098		848		125,102
Cost of revenues:
Inventor royalties	1,025		—		—		1,025
Contingent legal fees	10,998		—		—		10,998
Litigation and licensing expenses	10,771		—		—		10,771
Amortization of patents	11,370		—		—		11,370
Cost of sales	—		18,009		—		18,009
Cost of production	—		—		656		656
Total cost of revenues	34,164		18,009		656		52,829
Segment gross profit	54,992		17,089		192		72,273
Other operating expenses:
Engineering and development expenses	—		735		—		735
Sales and marketing expenses	—		6,908		—		6,908
Amortization of intangible assets	—		1,732		—		1,732
General and administrative expenses	7,402		6,990		264		14,656
Total other operating expenses	7,402		16,365		264		24,031
Segment operating income (loss)	$	47,590	$	724	$	(72)	48,242
Parent general and administrative expenses							27,306
Operating income							20,936
Total other income							46,490
Income before income taxes							$	67,426

The Company's two reportable segment information for the year ended December 31, 2022 is as follows:

	Year Ended December 31, 2022
	Intellectual Property Operations		Industrial Operations		Total
	(In thousands)
Revenues:
License fees	$	19,508	$	—	$	19,508
Printers and parts	—		16,118		16,118
Consumable products	—		19,314		19,314
Services	—		4,283		4,283
Total revenues	19,508		39,715		59,223
Cost of revenues:
Inventor royalties	1,212		—		1,212
Contingent legal fees	2,444		—		2,444
Litigation and licensing expenses	3,970		—		3,970
Amortization of patents	10,403		—		10,403
Cost of sales	—		19,359		19,359
Total cost of revenues	18,029		19,359		37,388
Segment gross profit	1,479		20,356		21,835
Other operating expenses:
Engineering and development expenses	—		626		626
Sales and marketing expenses	—		8,621		8,621
Amortization of intangible assets	—		1,732		1,732
General and administrative expenses	5,428		8,254		13,682
Total other operating expenses	5,428		19,233		24,661
Segment operating (loss) income	$	(3,949)	$	1,123	(2,826)
Parent general and administrative expenses					37,266
Operating income loss					(40,092)
Total other expense					(87,058)
Loss before income taxes					$	(127,150)

Schedule of Segment Reporting Information, by Segment

The Company's reportable segment information as of December 31, 2023 and 2022 is as follows:

	December 31, 2023		December 31, 2022
	(In thousands)
Equity securities investments:
Equity securities	$	63,068	$	61,608
Equity securities without readily determinable fair value	5,816		5,816
Equity method investments	30,934		30,934
Total parent equity securities investments	99,818		98,358
Other parent assets	218,909		156,394
Segment total assets:
Intellectual property operations	234,254		176,119
Industrial operations	47,854		52,057
Energy operations	$	32,710	$	—
Total assets	$	633,545	$	482,928

Revenue from External Customers by Geographic Areas

	Year Ended December 31, 2023
	Intellectual Property Operations		Industrial Operations		Energy Operations		Total
	(In thousands)
Revenues by geographic area:
United States	$	80,407	$	14,128	$	848	$	95,383
Canada and Latin America	514		1,100		—		1,614
Total Americas	80,921		15,228		848		96,997
Europe, Middle East and Africa	—		8,935		—		8,935
China	8,200		3,512		—		11,712
India	—		2,849		—		2,849
Asia-Pacific, excluding China and India	35		4,574		—		4,609
Total Asia-Pacific	8,235		10,935		—		19,170
Total revenues	$	89,156	$	35,098	$	848	$	125,102

	Year Ended December 31, 2022
	Intellectual Property Operations		Industrial Operations		Total
	(In thousands)
Revenues by geographic area:
United States	$	18,882	$	15,541	$	34,423
Canada and Latin America	11		2,145		2,156
Total Americas	18,893		17,686		36,579
Europe, Middle East and Africa	589		9,298		9,887
China	—		5,207		5,207
India	—		2,957		2,957
Asia-Pacific, excluding China and India	26		4,567		4,593
Total Asia-Pacific	26		12,731		12,757
Total revenues	$	19,508	$	39,715	$	59,223

Long-lived Assets by Geographic Areas

	December 31, 2023
	Intellectual Property Operations		Industrial Operations		Energy Operations		Total
	(In thousands)
Long-lived tangible assets by geographic area:
United States	$	201	$	92	$	25,117	$	25,410
Malaysia	—		1,949		—		1,949
Other foreign countries	—		114		—		114
Total	$	201	$	2,155	$	25,117	$	27,473

	December 31, 2022
	Intellectual Property Operations		Industrial Operations		Total
	(In thousands)
Long-lived tangible assets by geographic area:
United States	$	324	$	302	$	626
Malaysia	—		2,703		2,703
Other foreign countries	—		208		208
Total	$	324	$	3,213	$	3,537