| 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 |
|
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) |
|