v3.26.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated
The Company’s reportable segment information is as follows:
Three Months Ended September 30,
20262025
Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		TotalIntellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		Total
(In thousands)
Revenues:
License fees$263 $— $— $— $263 $7,795 $— $— $— $7,795 
Revenues - industrial operations— 7,531 — — 7,531 — 6,660 — — 6,660 
Oil sales— — 10,048 — 10,048 — — 6,614 — 6,614 
Natural gas sales— — 3,766 — 3,766 — — 3,738 — 3,738 
Natural gas liquids sales— — 4,963 — 4,963 — — 3,207 — 3,207 
Other service sales— — 678 — 678 — — 617 — 617 
Air distribution— — — 8,241 8,241 — — — 10,226 10,226 
Transportation safety— — — 11,299 11,299 — — — 11,287 11,287 
Office products— — — 7,656 7,656 — — — 9,302 9,302 
Total revenues263 7,531 19,455 27,196 54,445 7,795 6,660 14,176 30,815 59,446 
Cost of revenues:
Cost of sales - intellectual property operations2,310 — — — 2,310 8,301 — — — 8,301 
Cost of sales - industrial operations— 3,720 — — 3,720 — 3,376 — — 3,376 
Cost of sales - manufacturing operations— — — 22,105 22,105 — — — 23,285 23,285 
Cost of production - energy— — 11,922 — 11,922 — — 11,880 — 11,880 
Total cost of revenues2,310 3,720 11,922 22,105 40,057 8,301 3,376 11,880 23,285 46,842 
Segment gross (loss) profit(2,047)3,811 7,533 5,091 14,388 (506)3,284 2,296 7,530 12,604 
Other operating expenses:
General and administrative expenses and sales and marketing expenses1,906 2,780 1,200 5,820 11,706 1,914 2,996 1,162 6,404 12,476 
Segment operating (loss) income$(3,953)$1,031 $6,333 $(729)2,682 $(2,420)$288 $1,134 $1,126 128 
Parent general and administrative expenses6,266 6,554 
Operating loss(3,584)(6,426)
Total other (expense) income(3,541)3,064 
Loss before income taxes$(7,125)$(3,362)
The Company’s reportable segment information is as follows:
Nine Months Ended September 30,
20262025
Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		TotalIntellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		Total
(In thousands)
Revenues:
License fees$61,898 $— $— $— $61,898 $78,029 $— $— $— $78,029 
Revenues - industrial operations— 20,715 — — 20,715 — 20,926 — — 20,926 
Oil sales— — 30,278 — 30,278 — — 21,480 — 21,480 
Natural gas sales— — 13,419 — 13,419 — — 13,112 — 13,112 
Natural gas liquids sales— — 13,026 — 13,026 — — 11,779 — 11,779 
Other service sales— — 1,946 — 1,946 — — 1,428 — 1,428 
Air distribution— — — 25,592 25,592 — — — 29,684 29,684 
Transportation safety— — — 32,282 32,282 — — — 32,420 32,420 
Office products— — — 24,090 24,090 — — — 26,247 26,247 
Total revenues61,898 20,715 58,669 81,964 223,246 78,029 20,926 47,799 88,351 235,105 
Cost of revenues:
Cost of sales - intellectual property operations53,373 — — — 53,373 42,771 — — — 42,771 
Cost of sales - industrial operations— 10,041 — — 10,041 — 10,846 — — 10,846 
Cost of sales - manufacturing operations— — — 67,443 67,443 — — — 66,518 66,518 
Cost of production - energy— — 35,296 — 35,296 — — 36,887 — 36,887 
Total cost of revenues53,373 10,041 35,296 67,443 166,153 42,771 10,846 36,887 66,518 157,022 
Segment gross profit8,525 10,674 23,373 14,521 57,093 35,258 10,080 10,912 21,833 78,083 
Other operating expenses:
General and administrative expenses and sales and marketing expenses10,452 8,219 3,736 17,759 40,166 6,783 9,416 3,684 21,062 40,945 
Segment operating (loss) income$(1,927)$2,455 $19,637 $(3,238)16,927 $28,475 $664 $7,228 $771 37,138 
Parent general and administrative expenses20,352 17,644 
Operating (loss) income(3,425)19,494 
Total other (expense) income(33,625)5,863 
(Loss) income before income taxes$(37,050)$25,357 
Segment Reporting
The Company’s reportable asset information by segment is as follows:
September 30, 2026December 31, 2025
(In thousands)
Total parent assets$96,249 $117,617 
Segment total assets:
Intellectual property operations259,319 258,335 
Industrial operations52,011 50,866 
Energy operations227,498 216,806 
Manufacturing operations111,717 127,332 
Total assets$746,794 $770,956 
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue
Three Months Ended September 30,
20262025
Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		TotalIntellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		Total
(In thousands)
Revenues by geographic area:
United States$263 $3,048 $19,455 $14,599 $37,365 $7,795 $3,281 $14,176 $17,404 $42,656 
Canada and Latin America— 190 — 3,953 4,143 — 416 — 6,040 6,456 
Total Americas263 3,238 19,455 18,552 41,508 7,795 3,697 14,176 23,444 49,112 
Europe, Middle East and Africa— 1,748 — 1,335 3,083 — 1,299 — 1,275 2,574 
China— 418 — 7,309 7,727 — 372 — 6,096 6,468 
India— 743 — — 743 — 391 — — 391 
Asia-Pacific, excluding China and India— 1,384 — — 1,384 — 901 — — 901 
Total Asia-Pacific— 2,545 — 7,309 9,854 — 1,664 — 6,096 7,760 
Total revenues$263 $7,531 $19,455 $27,196 $54,445 $7,795 $6,660 $14,176 $30,815 $59,446 
Nine Months Ended September 30,
20262025
Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		TotalIntellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		Total
(In thousands)
Revenues by geographic area:
United States$61,898 $8,533 $58,669 $45,051 $174,151 $78,027 $9,046 $47,799 $51,793 $186,665 
Canada and Latin America— 585 — 12,756 13,341 — 1,090 — 17,808 18,898 
Total Americas61,898 9,118 58,669 57,807 187,492 78,027 10,136 47,799 69,601 205,563 
Europe, Middle East and Africa— 5,063 — 3,958 9,021 — 5,382 — 3,650 9,032 
China— 1,397 — 20,199 21,596 — 1,087 — 15,100 16,187 
India— 1,658 — — 1,658 — 1,474 — — 1,474 
Asia-Pacific, excluding China and India— 3,479 — — 3,479 2 2,847 — — 2,849 
Total Asia-Pacific— 6,534 — 20,199 26,733 2 5,408 — 15,100 20,510 
Total revenues$61,898 $20,715 $58,669 $81,964 $223,246 $78,029 $20,926 $47,799 $88,351 $235,105 
Long-lived Assets by Geographic Areas
September 30, 2026
Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		Total
(In thousands)
Long-lived tangible assets by geographic area:
United States$46 $151 $199,695 $6,949 $206,841 
Canada— — — 6,221 6,221 
Europe— 379 — 2,661 3,040 
Asia-Pacific— 173 — 1,994 2,167 
Total$46 $703 $199,695 $17,825 $218,269 
December 31, 2025
Intellectual Property OperationsIndustrial OperationsEnergy OperationsManufactur-
ing Operations		Total
(In thousands)
Long-lived tangible assets by geographic area:
United States$83 $163 $192,242 $6,080 $198,568 
Canada— — — 6,484 6,484 
Europe— 80 — 4,055 4,135 
Asia-Pacific— 605 — 2,204 2,809 
Total$83 $848 $192,242 $18,823 $211,996