Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.7.0.1
Discontinued Operations
 6 Months Ended
Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

11. DISCONTINUED OPERATIONS

 

The table below presents the significant components of CSO, Group DCA’s, Pharmakon’s and TVG’s results included Income (Loss) from Discontinued Operations, Net of Tax in the consolidated statements of comprehensive loss for the three- and six-months ended June 30, 2017 and 2016.

 

    Three Months Ending June 30,     Six Months Ending June 30,  
    2017     2016     2017     2016  
Revenue, net   $ -     $ -     $ -     $ 1,644  
                                 
Income (loss) from discontinued operations     304       144       914       (592 )
Gain (loss) on sale of assets     -       1,326       -       1,326  
Income from discontinued operations, before tax     304       1,470       914       734  
Income tax expense     358       291       412       336  
(Loss) income from discontinued operations, net of tax   $ (54 )   $ 1,179     $ 502     $ 398  

 

The assets and liabilities classified as discontinued operations relate to CSO, Group DCA, Pharmakon, and TVG. As of June 30, 2017 and December 31, 2016, these assets and liabilities are in the accompanying balance sheets as follows:

 

For the Six Months Ended
June 30, 2017 		    For the Year Ended
December 31, 2016 		   
    CSO     DCA/TVG     Total     CSO     DCA/TVG     Total  
Accounts receivable, net   $ -     $        -     $ -     $ -     $        -     $ -  
Unbilled receivable, net     -       -       -       -       -       -  
Other     -       -       -       -       14       14  
Current assets from discontinued operations     -       -       -       -       14       14  
Property and equipment, net     -       -       -       -       -       -  
Other     -       -       -       -       -       -  
Long-term assets from discontinued operations     -       -       -       -       -       -  
Total assets   $ -     $ -     $ -     $ -     $ 14     $ 14  
                                                 
Accounts payable   $ 826     $ -     $ 826     $ 890     $ -     $ 890  
Accrued salary and bonus     -       -       -       1,272       -       1,272  
Other     1,545       -       1,545       1,966       -       1,966  
Current liabilities from discontinued operations     2,371       -       2,371       4,128       -       4,128  
Total liabilities   $ 2,371     $ -     $ 2,371     $ 4,128     $ -     $ 4,128