Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 123

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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1,481 Finished goods18,879 17,429 Total inventories$26,490 $27,485 

24

6. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:September 30, 2025December 31, 2024(In thousands)Machinery and equipment$15,277 $14,687 Vehicles573 404 Furniture and fixtures421 528 Computer hardware and software1,210 1,218 Land2,880 2,876 Building and leasehold improvements9,066 9,078 29,427 28,791 Accumulated depreciation and amortization(7,239)(4,926)Property, plant and equipment, net$22,188 $23,865 

Total depreciation and amortization expense for the assets above in the consolidated statements of operations and comprehensive income (loss) was $903,000 and $326,000 for the three months ended September 30, 2025 and 2024, respectively, and $3.4 million and $883,000 for the nine months ended September 30, 2025 and 2024, respectively. Our Intellectual Property Operations, Manufacturing Operations and parent company include depreciation and amortization in general and administrative expenses. For the three months ended September 30, 2025 and 2024, our Industrial Operations allocated depreciation and amortization, totaling $108,000 and $247,000, respectively, to all applicable operating expense categories, including cost of sales of $103,000 and $96,000, respectively. For the nine months ended September 30, 2025 and 2024, our Industrial Operations allocated depreciation and amortization, totaling $338,000 and $749,000, respectively, to all applicable operating expense categories, including cost of sales of $235,000 and $304,000, respectively. 

7. OIL AND NATURAL GAS PROPERTIES, NET

Benchmark’s oil and natural gas properties consisted of the following:September 30, 2025December 31, 2024(In thousands)Proved oil and gas properties$203,228 $199,559 Unproved oil and gas properties9,971 4,786 Accumulated depletion and depreciation(24,322)(12,665)Oil and natural gas properties, net$188,877 $191,680 

Total depletion and