Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.10.0.1
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2018
Discontinued Operations [Abstract]  
Schedule of discontinued operations
    September 30,     December 31,  
    2018     2017  
             
Current assets:            
Cash   $ -     $ 305  
Accounts receivable, net of allowances     -       5,628  
Current assets of discontinued operations   $ -     $ 5,933  
                 
Long-term Assets:                
Property and equipment, net   $ -     $ 6  
Intangible assets, net     -       1,354  
Other assets     -       8  
Long-term assets of discontinued operations   $ -     $ 1,368  
                 
Current liabilities:                
Accrued trade payables   $ 2,926     $ 3,138  
Accrued expenses     358       2,660  
Current liabilities of discontinued operations   $ 3,284     $ 5,798  

 

    For the three
months ended
September 30,
2017
 
       
Revenues   $ 6,865  
Cost of revenue     5,325  
Gross profit     1,540  
         
Operating expenses:        
Depreciation and amortization     205  
Salaries and wages     822  
Selling, general and administrative     590  
Total operating expenses     1,617  
         
Pre-tax loss from operations     (77 )
         
Pre-tax loss on discontinued operations     (77 )
         
Provision for income taxes     -  
         
Loss on discontinued operations, net of tax   $ (77 )

 

    For the nine months ended
September 30,
 
    2018     2017  
             
Revenues   $ 3,565     $ 22,773  
Cost of revenue     3,153       17,897  
Gross profit     412       4,876  
                 
Operating expenses:                
Depreciation and amortization     33       676  
Salaries and wages     261       3,506  
Selling, general and administrative     124       2,254  
Goodwill impairment charge     -       3,146  
Intangible asset impairment charge     -       797  
Total operating expenses     418       10,379  
                 
Pre-tax loss from operations     (6 )     (5,503 )
                 
Other income (expenses):                
Interest expense     -       (1 )
Gain on disposal of subsidiary     (228 )     817  
Total other income     (228 )     816  
                 
Pre-tax gain (loss) on discontinued operations     (234 )     (4,687 )
                 
Provision for income taxes     -       -  
Gain (loss) on discontinued operations, net of tax   $ (234 )   $ (4,687 )