Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 485

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 485
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 allowance for expected credit losses. Income Taxes The Company is a limited liability company, and therefore has elected to be treated as a pass-through entity for federal income tax purposes. As a result, the net taxable income of the Company and any related tax credits, for federal income tax purposes, are deemed to pass to the members and are included in their tax returns even though such net taxable income or tax credits may not have actually been distributed. Accordingly, no federal tax provision has been made as of June 30, 2025 and December 31, 2024. The Company is subject to Texas margin taxes. An estimate of state tax liability is calculated utilizing management estimates related to the deductibility of certain expenses and other factors.

<div align='center'>F-128

Desert Environmental LLC and Subsidiaries

Notes to theUnauditedCondensed Consolidated Financial Statements</div>

The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense in the condensed consolidated statements of operations. As of June 30, 2025 and December 31, 2024, the Company did not recognize any liabilities associated with payment for interest and penalties. Note 3. Property, Plant and Equipment, net Property, plant and equipment, net consisted of the following at:

|                                             |   | June 30, 
     2025 |   |     |   | December 31, 
         2024 |   |
|:--------------------------------------------|:--|---------:|:--|:----|:--|-------------:|:--|
| Waste facilities & related equipment        | $ |   34,380 |   |     | $ |       34,286 |   |
| Machinery & equipment                       |   |    5,754 |   |     |   |        1,056 |   |
| Other                                       |   |    1,840 |   |     |   |        1,840 |   |
| Construction in progress                    |   |    2,373 |   |     |   |          207 |   |
|                                             |   |   44,347 |   |     |   |       37,389 |   |
| Less accumulated depreciation and depletion |   |   (7,562 | ) |     |   |       (4,570 | ) |
| Total property, plant and equipment, net    | $ |   36,785 |   |     | $ |       32