Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 34

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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1 accounts for the Viamet investment under the equity method as MalinJ1 owns 41.0% of outstanding shares of Viamet. As of September 30, 2025 and December 31, 2024, this investment did not meet the significance thresholds for additional summarized income statement disclosures, as defined by the SEC. During the three and nine months ended September 30, 2025 and 2024, there were no earnings on equity investments included in the consolidated statements of operations and comprehensive income (loss). No distributions were received during the three and nine months ended September 30, 2025 and 2024.

5. INVENTORIES

Inventories consisted of the following:September 30, 2025December 31, 2024(In thousands)Raw materials$6,394 $8,575 Subassemblies and work in process1,217 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