Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 37

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 2025 and 2024, respectively. Intellectual Property Operations amortization of patents is expensed in cost of revenues. Industrial Operations amortization of intangible assets was $433,000 for the three months ended June 30, 2025 and 2024, and $868,000 and $866,000 for the six months ended June 30, 2025 and 2024, respectively. Manufacturing Operations amortization of intangible assets was $427,000 and $899,000 for the three and six months ended June 30, 2025. Industrial Operations and Manufacturing Operations amortization of intangible assets is expensed in general and administrative expenses.The following table presents the scheduled annual aggregate amortization expense (in thousands):Years Ending December 31,Remainder of 2025$12,335 202610,970 20278,510 20284,243 20291,660 20301,660 Thereafter13,580 Total$52,958 During the year ended December 31, 2022, ARG entered into an agreement granting ARG the exclusive option to acquire all rights to license and enforce a patent portfolio and all future patents and patent applications, and incurred $15.0 million 

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of certain patent and patent rights costs, which was fully paid in 2023. The patent costs are included in prepaid expenses and other current assets in the consolidated balance sheet as of December 31, 2024. During the six months ended June 30, 2025, ARG exercised the option to acquire all rights to license and enforce the portfolio and capitalized $15.0 million in patent and patent rights costs. 

9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following:June 30, 2025December 31, 2024(In thousands)Accrued consulting and other professional fees$1,367 $2,602 Income taxes payable6,069 3,832 Sales and tax and fees payable5,217 4,818 Other tax payable1,776 2,046 Interest accrual1,585 1,162 Service contract costs, current937 277 Short-term lease liability4,081 3,563 Other accrued liabilities1,645 2,275 Total$22,677 $20,575 

10. ASSET RETIREMENT OBLIGATIONS

The