| 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 June 30, |
|
Six Months Ended June 30, |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Revenue |
|
|
|
|
|
|
|
|
|
|
|
Technical services |
$ |
240 |
|
$ |
98 |
|
$ |
1,558 |
|
$ |
1,332 |
Professional services |
|
3,684 |
|
|
490 |
|
|
4,995 |
|
|
2,364 |
Other |
|
(21) |
|
|
507 |
|
|
17 |
|
|
836 |
Revenue, net |
|
3,903 |
|
|
1,095 |
|
|
6,570 |
|
|
4,532 |
Cost of revenues, excluding depreciation and amortization |
|
309 |
|
|
2,705 |
|
|
2,672 |
|
|
5,399 |
Gross margin |
|
3,594 |
|
|
(1,610) |
|
|
3,898 |
|
|
(867) |
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing |
|
1 |
|
|
69 |
|
|
55 |
|
|
197 |
Depreciation and amortization |
|
— |
|
|
183 |
|
|
— |
|
|
365 |
Total operating expenses |
|
1 |
|
|
252 |
|
|
55 |
|
|
562 |
Income from discontinued operations |
|
3,593 |
|
|
(1,862) |
|
|
3,843 |
|
|
(1,429) |
Other income (expense) |
|
|
|
|
|
|
|
|
|
|
|
Gain on sale of assets |
|
— |
|
|
— |
|
|
666 |
|
|
— |
Interest expense |
|
— |
|
|
(18) |
|
|
(8) |
|
|
(26) |
Total other income (expense) |
|
— |
|
|
(18) |
|
|
658 |
|
|
(26) |
Income from discontinued operations |
|
3,593 |
|
|
(1,880) |
|
|
4,501 |
|
|
(1,455) |
Income tax expense |
|
— |
|
|
— |
|
|
— |
|
|
— |
Net income from discontinued operations |
$ |
3,593 |
|
$ |
(1,880) |
|
$ |
4,501 |
|
$ |
(1,455) |
|