Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.23.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule Of discontinued amount included in assets and liabilities The following table shows amounts included in assets and liabilities of discontinued operations, respectively, on the Company’s Consolidated Balance Sheet at December 31, 2022:

 

 

 

December 31, 2022

 

 

 

 

 

Current assets of discontinued operation:

 

 

 

Accounts receivable, net

 

$

336

 

Prepaid expenses and other current assets

 

 

449

 

Total current assets of discontinued operation

 

 

785

 

Non-current assets of discontinued operation:

 

 

 

Property and equipment, net

 

 

695

 

Total non-current assets of discontinued operation

 

 

695

 

Total assets of discontinued operation

 

$

1,480

 

 

 

 

 

Current liabilities of discontinued operation:

 

 

 

Accounts payable

 

$

730

 

Accrued expenses and other current liabilities

 

 

365

 

Current portion of contingent consideration

 

 

9,203

 

Total current liabilities of discontinued operation

 

 

10,298

 

Non-current liabilities of discontinued operation:

 

 

 

Long-term portion of contingent consideration

 

 

10,697

 

Total non-current liabilities of discontinued operation

 

 

10,697

 

Total liabilities of discontinued operation

 

$

20,995

 
Schedule of discontinued operations in the consolidated statements of operations

The results of operations from discontinued operations for the three and nine months ended September 30, 2023 and 2022, have been reflected as discontinued operations in the consolidated statements of operations and consist of the following:

 

 

 

For the Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenue, net

 

$

—

 

 

$

238

 

 

$

16

 

 

$

959

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

43

 

 

 

1,208

 

 

 

552

 

 

 

2,217

 

Research and development

 

 

—

 

 

 

23

 

 

 

—

 

 

 

654

 

Selling, general and administrative

 

 

—

 

 

 

855

 

 

 

—

 

 

 

9,242

 

Amortization of intangible assets

 

 

—

 

 

 

644

 

 

 

—

 

 

 

1,932

 

Change in contingent consideration valuation

 

 

—

 

 

 

1,222

 

 

 

(19,900

)

 

 

(1,254

)

Loss on impairment of property and equipment

 

 

—

 

 

 

3,663

 

 

 

485

 

 

 

3,662

 

Impairment of Intangible Asset

 

 

—

 

 

 

17,746

 

 

 

 

 

 

17,746

 

Total operating expenses

 

 

43

 

 

 

25,361

 

 

 

(18,863

)

 

 

34,199

 

Operating gain (loss) from discontinued operation

 

 

(43

)

 

 

(25,123

)

 

 

18,879

 

 

 

(33,240

)

Other expense:

 

 

 

 

 

 

 

 

 

 

 

 

Other expense, net

 

 

—

 

 

 

3

 

 

 

(206

)

 

 

320

 

Net income (loss) from discontinued operation

 

$

(43

)

 

$

(25,120

)

 

$

18,673

 

 

$

(32,920

)