Discontinued Operations

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

10. Discontinued Operations

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

The Company’s discontinued operations had net losses of $73,000 (net of taxes of $0) and $102,000 (net of tax benefit of $29,000) for the three months ended March 31, 2025, and 2024. 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, 2025, and December 31, 2024. No assets and liabilities were held for sale at each of the periods noted.

	March 31,		December 31,
(Amounts in Thousands)	2025		2024
Current assets
Other assets	$	36	$	20
Total current assets		36		20
Long-term assets
Property, plant and equipment, net ⁽¹⁾		130		130
Total long-term assets		130		130
Total assets	$	166	$	150
Current liabilities
Accounts payable	$	107	$	90
Accrued expenses and other liabilities		151		153
Environmental liabilities		—		1
Total current liabilities		258		244
Long-term liabilities
Closure liabilities		181		179
Environmental liabilities		767		766
Total long-term liabilities		948		945
Total liabilities	$	1,206	$	1,189

⁽¹⁾

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

PERMA FIX ENVIRONMENTAL SERVICES INC 10-Q