Company: NPWR-WT
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001845437-25-000008
Chunk: 34

Company: NET Power Inc.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 16
Chunk 34
---
,407 $(105,064)$1,241,343 $1,345,000 $(37,735)$1,307,265 The following table presents the Company’s amortization expense for the following periods:SuccessorPredecessorPeriod FromPeriod FromJune 8, 2023January 1, 2023Year Endedthroughthrough$ in thousands December 31, 2024December 31, 2023June 7, 2023Amortization expense$67,329 $37,735 $— The Company does not own or control any intangible assets with indefinite useful lives. The following table presents estimated amortization expense for the next five years and thereafter (in thousands):2025$67,540 202667,540 202767,540 202867,540 202967,417 2030 and thereafter903,766 Total$1,241,343 

NOTE 8 — Property, Plant, and EquipmentThe following table summarizes the key classifications of property, plant, and equipment included in the consolidated balance sheets:December 31,$ in thousands20242023Demonstration Plant$122,845 $89,239 Furniture and equipment1,069 320 Assets acquired under finance lease349 — Construction-in-progress48,438 14,443 Total property, plant, and equipment, gross172,701 104,002 Accumulated depreciation and amortization 1(21,231)(7,146)Total property, plant, and equipment, net$151,470 $96,856 ___________(1) $18 thousand of accumulated depreciation and amortization is related to amortization of the finance lease right-of-use assets.

F-22

Audited Financial Statements of NET Power Inc. - Table of Contents

The following table presents the Company’s depreciation expense for the following periods:SuccessorPredecessorPeriod FromPeriod FromJune 8, 2023January 1, 2023Year Endedthroughthrough$ in thousands December 31, 2024December 31, 2023June 7, 2023Depreciation expense$14,085 $7,146 $5,700 

NOTE 9 — Accrued LiabilitiesAccrued liabilities in the consolidated balance sheets consist of the following:December 31,$ in thousands20242023Incentive compensation$2,916 $2,016 Cash-based