Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 485

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 485
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 market rate of interest at the balance sheet date. Refer to Note 5. Debt for additional information.

Non-recurring fair value measurements are performed for management incentive units, as disclosed in Note 6. Member’s Equity, as well as, asset retirement obligations, as disclosure in Note 4. Asset Retirement Obligation.

During the years ended December 31, 2024 and 2023, there were no transfers between the fair value hierarchy levels.

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Valuation techniques utilized to determine fair value are consistently applied. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires the application of management judgment and considers factors specific to the asset or liability.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company maintains cash balances that may at times exceed federally insured limits.

Certificates of Deposit

During December 2023, the Company purchased a certificate of deposit with a 12 month term and an interest rate of 3% that matured on December 15, 2024 for the purpose of securing procurement cards for Company employees. The Company purchased a certificate of deposit with a 12 month term and an interest rate of 0.3% that matures on February 11, 2026. The balance outstanding at December 31, 2024 and 2023 is $104 thousand and $206 thousand, respectively.

Accounts Receivable

The Company extends credit to customers and other parties in the normal course of business. Accounts receivable consists of trade receivables recorded at the invoiced amount, plus accrued revenue that is earned but not yet billed, less an estimated allowance for doubtful accounts. Accounts receivable are generally due within 45 days or less. An allowance for expected credit losses is determined based upon historical write-off experience, aging of accounts receivables, current macroeconomic industry conditions and customer collectability patterns. Accounts receivable are charged against the allowance when determined to be uncollectible. When the Company recovers amounts that were previously written off, those amounts are offset against the allowance and reduce expense in the year of recovery.

As of December 31, 2024 and 2023, the