Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 153

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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 consisted of the following:June 30, 2025December 31, 2024(In thousands)Raw materials$6,737 $8,575 Subassemblies and work in process1,171 1,481 Finished goods17,816 17,429 Total inventories$25,724 $27,485 

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6. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:June 30, 2025December 31, 2024(In thousands)Machinery and equipment$13,467 $14,687 Vehicles525 404 Furniture and fixtures818 528 Computer hardware and software2,938 1,218 Land2,883 2,876 Building and leasehold improvements8,941 9,078 29,572 28,791 Accumulated depreciation and amortization(6,821)(4,926)Property, plant and equipment, net$22,751 $23,865 

Total depreciation and amortization expense in the consolidated statements of operations and comprehensive income (loss) was $1.2 million and $277,000 for the three months ended June 30, 2025 and 2024, respectively and $2.5 million and $557,000 for the six months ended June 30, 2025 and 2024, respectively. Our Intellectual Property Operations and parent company include depreciation and amortization in general and administrative expenses. Our Manufacturing Operations include $1.1 million and $2.1 million of depreciation and amortization in general and administrative expenses for the three and six months ended June 30, 2025, respectively. For the three months ended June 30, 2025 and 2024, our Industrial Operations allocated depreciation and amortization, totaling $113,000 and $250,000, respectively, to all applicable operating expense categories, including cost of sales of $69,000 and $294,000, respectively. For the six months ended June 30, 2025 and 2024, our Industrial Operations allocated depreciation and amortization, totaling $230,000 and $502,000, respectively, to all applicable operating expense categories, including cost of sales of $161,000 and $208,000, respectively. 

7. OIL AND NATURAL GAS PROPERTIES, NET

Benchmark’s oil and natural gas properties consisted of the following:June 30