Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 37

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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)392 Total$393,846 $(338,417)$55,429 Total other intangible asset amortization expense in the consolidated statements of operations and comprehensive income (loss) was $6.1 million and $5.1 million for the three months ended September 30, 2025 and 2024, respectively, and $17.8 million and $12.7 million for the nine months ended September 30, 2025 and 2024, respectively. The Company did not record charges related to impairment of other intangible assets for the nine months ended September 30, 2025 and 2024. There was no accelerated amortization of other intangible assets for the nine months ended September 30, 2025 and 2024. Intellectual Property Operations amortization of patents was $5.3 million and $4.7 million for the three months ended September 30, 2025 and 2024, respectively, and $15.2 million and $11.4 million for the nine months ended September 30, 2025 and 2024, respectively. Intellectual Property Operations amortization of patents is expensed in cost of revenues. Industrial Operations amortization of intangible assets was $432,000 and $433,000 for the three months ended September 30, 2025 and 2024, respectively, and $1.3 million for each of the nine months ended September 30, 2025 and 2024. Manufacturing Operations amortization of intangible assets was $423,000 and $1.3 million for the three and nine months ended September 30, 2025. Industrial Operations and Manufacturing Operations amortization of intangible assets is expensed in general and administrative expenses.The following table presents the scheduled annual aggregate amortization expense (in thousands):Years Ending December 31,Remainder of 2025$6,160 202610,937 20278,478 20284,211 20291,628 20301,628 Thereafter13,721 Total$46,763 

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During the year ended December 31, 2022, ARG entered into an agreement granting ARG the exclusive option to acquire all rights to license and enforce a patent portfolio and all future patents and patent applications, and incurred $15.0 million of certain patent and patent rights costs, which was fully paid in 2023. The patent costs are included in prepaid