Assure Holdings Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2024

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 as of December 31, 2023 (stated in thousands):


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

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


	Three Months Ended March 31,
	2024		2023
Revenue
Technical services	$	1,318	$	1,234
Professional services		1,320		1,874
Other		29		329
Revenue, net		2,667		3,437
Cost of revenues, excluding depreciation and amortization		2,363		2,694
Gross margin		304		743
Operating expenses
Sales and marketing		54		128
Depreciation and amortization		—		182
Total operating expenses		54		310
Income from discontinued operations		250		433
Other income (expense)
Gain on sale of assets		666		—
Interest expense		(8)		(8)
Total other income (expense)		658		(8)
Income from discontinued operations		908		425
Income tax expense		—		—
Net income from discontinued operations	$	908	$	425

- 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