v3.26.1
Note 17 - Discontinued Operations Sold - Poland and Netherlands (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
  

As of

 
  

January 19

 

Poland

 

2024

 
  

(in thousands)

 

Assets:

    

Cash & cash equivalents

 $630 

Other current assets

  442 

Property, plant, and equipment, net

  63,107 

Operating leases, non-current - assets

  5,923 

Total discontinued operations assets

 $70,102 
     

Liabilities:

    

Accounts payable

 $2,933 

Operating leases, current – liabilities

  281 

Other current liabilities

  25 

Operating leases, non-current - liabilities

  5,798 

Other non-current liabilities

  985 

Total discontinued operations liabilities

 $10,022 
     

Net assets/(liabilities) of discontinued operations

 $60,080 
  

Year Ended December 31,

 

Poland

 

2025

  

2024

 
  

(in thousands)

 
         

Revenues

 $-  $106 
         

Operating Expenses

        

Cost of revenues

  -   (101)

Depreciation, amortization, and accretion

  -   (123)

Gain/(loss on disposal of asset)

  -   3,484 

Total operating expenses

  -   3,260 
         

Income from discontinued operations

  -   3,366 
         

Other income/(expense):

        

Impairment loss recognized on the remeasurement to fair value less costs to sell

  -   - 

Interest expense

  -   (688)

Other expense

  -   - 

Total other expenses

 $-  $(688)

Income/(Loss) before provision for income taxes

 $-  $2,678 

Income taxes

 $-  $- 

Net income/(loss) from discontinued operations

 $-  $2,678 
  

As of

 
  

February 21,

 

Netherlands

 

2024

 
  

(in thousands)

 

Assets:

    

Cash & cash equivalents

 $75 

Accounts receivable, net

  - 

Other current assets

  178 

Property, plant, and equipment, net

  7,669 

Operating leases, non-current – assets

  1,441 

Other non-current assets

  1,192 

Total discontinued operations assets

 $10,555 
     

Liabilities:

    

Accounts payable

 $945 

Operating leases, current – liabilities

  55 

Other current liabilities

  95 

Operating leases, non-current – liabilities

  1,273 

Total discontinued operations liabilities

 $2,368 
     

Net assets/(liabilities) of discontinued operations

 $8,187 
  

Year Ended December 31,

 

Netherlands

 

2025

  

2024

 
  

(in thousands)

 
         

Revenues

 $-  $16 
         

Operating Expenses

        

Cost of revenues

  -   (115)

Depreciation, amortization, and accretion

  -   (57)

Loss on disposal of asset

  -   (1,187)

Total operating expenses

  -   (1,359)
         

Income from discontinued operations

  -   (1,343)
         

Other income/(expense):

        

Interest expense

  -   (113)

Other expense

  -   - 

Total other expenses

 $-  $(113)

Income/(Loss) before provision for income taxes

 $-  $(1,456)

Income taxes

  -   - 

Net income/(loss) from discontinued operations

 $-  $(1,456)
  

As of

 
  

October 3

 

Solis and Subsidiaries in Romania

 

2024

 
  

(in thousands)

 

Assets:

    

Cash & cash equivalents

 $632 

Restricted cash

  5 

Accounts receivable, net

  952 

Unbilled energy incentives

  8,778 

Other current assets

  9,580 

Property, plant, equipment, net

  41,457 

Operating leases, non-current assets

  159 

Total discontinued operations assets

 $61,563 
     

Liabilities:

    

Accounts payable

 $2,812 

Green bonds

  87,627 

Deferred income

  8,778 

Operating leases, current liabilities

  46 

Other current liabilities

  13,260 

Operating leases, non-current liabilities

  118 

Other non-current liabilities

  202 

Total discontinued operations liabilities

 $112,843 
     

Net assets/(liabilities) of discontinued operations

 $(51,280)
  

Year Ended

 
  

December 31,

 

Solis and Subsidiaries in Romania

 

2025

  

2024

 
  

(in thousands)

 
         

Revenues

 $-  $9,687 
         

Operating Expenses

        

Cost of revenues

  -   (3,936)

Selling, general, and administrative

  -   (1,564)

Depreciation, amortization, and accretion

  -   (1,511)

Development costs

  -   - 

Costs related to disposal of asset

  -   (730)

Gain on sale of discontinued operations, net assets

  -   51,931 

Total operating expenses

  -   44,190 
         

Income from discontinued operations

  -   53,876 
         

Other income/(expense):

        

Interest expense

  -   (8,924)

Solis bond waiver fee

  -   - 

Other expense

  -   (221)

Total other expenses

 $-  $(9,145)

Income/(Loss) before provision for income taxes

 $-  $44,731 

Income taxes

  -   (87)

Net income/(loss) from discontinued operations

 $-  $44,644