v3.26.1
Note 8 - Other Current Assets and Other Assets
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Other Assets Disclosure [Text Block]

Note 8Other Current Assets and Other Assets

 

Other current assets consisted of the following:  

 

  

June 30, 2026

  

December 31, 2025

 
  

(in thousands)

 

Investments in equity securities—current

 $10,190  $8,770 

Assets held for sale

  1,074   1,060 

Fair value of derivative contracts—current

  436   357 

Investment property

     5,782 

Other assets

  1,241   1,185 

Total other current assets

 $12,941  $17,154 

 

In the fourth quarter of 2025, the Company evaluated the financial viability of solar construction projects for commercial and industrial customers (C&I Projects) after the enactment of the OBBB. The Company decided to discontinue several C&I Projects and market other projects for sale to other contractors to continue the projects. 

 

In the fourth quarter of 2025, the Company initiated a plan to sell an uncompleted C&I Project to another contractor. The carrying value of C&I Project included in the prepaid expense account of $1.1 million was reclassified as assets and liabilities held for sale and reported at the lower of cost and fair value less cost to sell. The Company used the market approach to estimate the fair values of assets held for sale based on the current offer from independent third parties.

 

Other assets consisted of the following:  

 

  

June 30, 2026

  

December 31, 2025

 
  

(in thousands)

 

Security deposits

 $10,567  $9,263 

Investments in equity securities—noncurrent

  5,646   10,126 

Right-of-use assets, net of amortization

  900   873 

Fair value of derivative contracts—noncurrent

  47   204 

Other assets

  144   87 

Total other assets

 $17,304  $20,553