v3.26.1
Note 21 - Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Segment Reporting [Table Text Block]
  

Year Ended December 31,

 

Revenue by Segment

 

2025

  

2024

 
  

(in thousands)

 

Europe – Discontinued Operations

  -   9,809 

United States

  -   311 

Total for the period

 $-  $10,120 
  

Year Ended December 31,

 

Net Income/(Loss) by Segment

 

2025

  

2024

 
  

(in thousands)

 

Europe

 $13,704  $(10,584)

Europe – Discontinued Operations

  -   45,912 

United States

  (21,010)  (14,250)

Total for the period

 $(7,306) $21,078 
  

Year Ended December 31,

 

Assets by Segment

 

2025

  

2024

 
  

(in thousands)

 

Europe – Continuing Operations

        

Other Assets

  12   3,958 

Total for Europe – Continuing Operations

 $12  $3,958 
         

United States – Continuing Operations

        

Intangible assets

 $37,518  $- 

Goodwill

 $18,964  $- 

Other Assets

  550   3,769 

Total for United States – Continuing Operations

 $57,032  $3,769 
  

Year Ended December 31,

 

Liabilities by Segment

 

2025

  

2024

 
  

(in thousands)

 

Europe – Continuing Operations

        

Debt

 $1,176  $19,807 

Other Liabilities

  1,075   1,200 

Total for Europe – Continuing Operations

 $2,252  $21,007 
         

United States – Continuing Operations

        

Debt

 $14,885  $9,598 

Other Liabilities

  16,885   11,007 

Total for United States – Continuing Operations

 $31,771  $20,605 
  

Year Ended December 31,

 

Revenue by Product Type

 

2025

  

2024

 
  

(in thousands)

 

Country Renewable Programs (FiT)

        

United States - Continuing operations

 $-  $311 

Total for the period

 $-  $311 
         

Country Renewable Programs (FiT)

        

Europe – Discontinued Operations

  -   334 

Total for the period

 $-  $334 
         

Green Certificates (FiT)

        

Europe – Discontinued Operations

 $-  $5,803 

Total for the period

 $-  $5,803 
         

Energy Offtake Agreements (PPA)

        

Europe – Discontinued Operations

  -   3,638 

Total for the period

 $-  $3,638 
         

Other Revenue

        

Europe – Discontinued Operations

  -   34 

Total for the period

 $-  $34 
  

Year Ended December 31,

 

Adjusted EBITDA by Segment

 

2025

  

2024

 
  

(in thousands)

 

Europe

 $(1,225) $(3,347)

Europe – Discontinued Operations

  -   5,485 

United States

  (6,840)  (8,454)

Total for the period

 $(8,065) $(6,316)
  

Year Ended December 31,

 

Adjusted EBITDA Reconciliation to Net Income/(Loss)

 

2025

  

2024

 
  

(in thousands)

 

Europe

        

Adjusted EBITDA

 $(1,225) $(3,347)

Depreciation, amortization, and accretion

  -   (21)

Interest expense

  (584)  (3,953)

Impairment of assets

  -   (3,263)

Gain on sale of assets

  15,513   (3,263)

Net Income (Loss)

 $13,704  $(10,584)
         

Europe – Discontinued Operations

        

Adjusted EBITDA

 $-  $5,485 

Depreciation, amortization, and accretion

  -   (1,691)

Interest expense

  -   (9,726)

Income taxes

  -   (87)

Solis bond waiver fee

  -   - 

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

  -   - 

Gain on sale of discontinued operations, net assets

  -   51,931 

Net Income (Loss)

 $-  $45,912 
         

United States

        

Adjusted EBITDA

 $(6,840) $(8,454)

Depreciation, amortization, and accretion

  (593)  (194)

Interest expense

  (3,614)  (4,820)

Fair value movement of FPA asset

  -   (483)

Fair value movement of convertible note

  (3,967)  67 

Debt restructuring costs

  (753)  - 

Costs associated with legal actions related to unpaid liabilities

  (1,232)  - 

Fair value movement of warrant

  1,564   565 

Loss on issuance of debt

  (35)  - 

Loss on extinguishment of debt

  (3,187)  - 

Gain on settlement of liabilities

  596   - 

Loss on settlement of SAA with Hover

  (2,025)  - 

Provision for loss from related party

  (561)  (520)

Other expense

  (363)  179 

Income taxes

  -   (590)

Net Income (Loss)

 $(21,010) $(14,250)

Consolidated Net Income (Loss)

 $(7,306) $21,078