Quarterly report [Sections 13 or 15(d)]

Discontinued Operations

Discontinued Operations

3 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

10.

Discontinued Operations

The Company’s discontinued operations consist of all our subsidiaries included in our former Industrial Segment which encompasses subsidiaries divested in 2011 and prior and three previously closed locations.

The Company’s discontinued operations had net losses of $112,000 and $73,000 for the three months ended March 31, 2026, and 2025 (net of taxes of $0 for each of the periods). The losses were primarily due to costs incurred in the administration and continued monitoring of our discontinued operations. The Company’s discontinued operations had no revenues for each of the periods noted above.

The following table presents the major class of assets of discontinued operations as of March 31, 2026, and December 31, 2025. No assets and liabilities were held for sale at each of the periods noted.

(Amounts in Thousands)	March 31, 2026		December 31, 2025
Current assets
Other assets	$	61	$	60
Total current assets		61		60
Long-term assets
Property, plant and equipment, net ⁽¹⁾		146		146
Total long-term assets		146		146
Total assets	$	207	$	206
Current liabilities
Accounts payable	$	51	$	67
Accrued expenses and other liabilities		129		127
Environmental liabilities		63		76
Total current liabilities		243		270
Long-term liabilities
Closure liabilities		191		189
Environmental liabilities		3,409		3,409
Total long-term liabilities		3,600		3,598
Total liabilities	$	3,843	$	3,868

⁽¹⁾

net of accumulated depreciation of $10,000 for each period presented.