Assure Holdings Corp. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

DISCONTINUED OPERATIONS (Tables)

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of major classes of assets and results of operations of the discontinued operations

The following table presents the major classes of assets of the discontinued operations (stated in thousands):


	December 31,		December 31,
	2023		2022
Fixed assets	$	311	$	70
Finance lease right of use asset, net		118		382
Intangibles, net		98		390
Goodwill		1,910		1,025
Total assets	$	2,437	$	1,867

The following table summarizes the results of operations of the discontinued operations (stated in thousands):


	Year Ended December 31,
	2023		2022
Revenue
Technical services	$	2,991	$	3,519
Professional services		3,785		8,476
Other		978		(1,490)
Revenue, net		7,754		10,505
Cost of revenues, excluding depreciation and amortization		11,380		12,658
Gross margin		(3,626)		(2,153)
Operating expenses
Sales and marketing		366		945
Depreciation and amortization		582		4,051
Total operating expenses		948		4,996
Loss from discontinued operations		(4,574)		(7,149)
Other expenses
Interest expense		(45)		(100)
Total other expense		(45)		(100)
Loss from discontinued operations		(4,619)		(7,249)
Income tax expense		(12)		—
Net loss from discontinued operations	$	(4,631)	$	(7,249)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details