Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 482

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 482
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 had $140 thousand and $0, respectively, for an allowance for expected credit losses.

As of December 31, 2024, the Company had 4 customers that accounted for approximately 58% of outstanding receivables. As of December 31, 2023, the Company had one customer that accounted for approximately 96% of outstanding receivables.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets are primarily made up of insurance policies and debt issuance costs for the revolving credit facility.

<div align='center'>F-115

Desert Environmental LLC and Subsidiaries

Notes to Consolidated Financial Statements</div>

Property, Plant and Equipment Property, plant, and equipment is stated at cost or, upon acquisition, at its fair value. Expenditures for construction activities, major improvements and betterments that extend the useful life of an asset are capitalized, while expenditures for maintenance and repairs are generally expensed as incurred. Costs of abandoned projects are charged to operating expense upon abandonment. The cost of assets sold or disposed of, and the related accumulated depreciation are removed from the accounts in the year of sale or disposal, and the resulting gains or losses are recorded in earnings in the respective period. Depreciation is computed using the straight-line method over the estimated useful lives for each asset group, as noted below:

| Waste facilities & related equipment | 3 - 30 years |
| Machinery & equipment                | 5 - 10 years |
| Other                                | 30 years     |

Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to reclamation facility and landfill development. No provision for depreciation is made on construction in progress until such time as the relevant assets are put into use when the facility is opened. Landfill Accounting The Company capitalizes various costs that are incurred to make a landfill ready to accept waste, as applicable. These costs generally include expenditures for land and related airspace, engineering and permitting costs, cell construction costs and direct site improvement costs. The cost basis of the landfill assets also includes asset retirement costs, which represent future costs associated with landfill final capping, closure, and post-closure activities. The depletable basis of a landfill includes (i) amounts previously expended and capitalized, (ii) capitalized landfill final capping, closure, and post-closure costs, (iii) projections of future purchase and development costs required to develop the landfill site to its remaining permitted and expansion airspace and (iv) projected asset retirement costs related