Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

 v2.3.0.11
Discontinued Operations
 6 Months Ended
Jun. 30, 2011
DISCONTINUED OPERATIONS [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
DISCONTINUED OPERATIONS
On July 19, 2010, the Board approved closing the TVG business unit and subsequently notified employees and issued a press release announcing this decision. The decision to take this action resulted from an extensive evaluation of the TVG business in the context of the Company's strategy, which is to focus on outsourced promotional services targeted to healthcare providers, as well as TVG's consistently declining revenues over recent years and the shrinking market in which TVG operates. The Company completed the closure of the TVG operations during the quarter ended September 30, 2010, including the completion of all active customer contracts. The financial statements reflect the presentation of TVG as a discontinued operation in all periods presented.
The table below presents the significant components of TVG’s results included in Loss from Discontinued Operations in the Condensed Consolidated Statements of Operations for the three- and six-month periods ended June 30, 2011 and 2010, respectively.
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2011

2010
 
2011
 
2010
Revenue, net
$
—

 
$
675

 
$
—

 
$
1,916

 
 
 
 
 
 
 
 
Loss from discontinued operations, before income tax
(11
)
 
(194
)
 
(38
)
 
(375
)
Provision for income tax
1

 
—

 
(12
)
 
—

Loss from discontinued operations, net of tax
$
(12
)
 
$
(194
)
 
$
(26
)
 
$
(375
)
The major classes of assets and liabilities included in the Condensed Consolidated Balance Sheet for TVG as of June 30, 2011 and December 31, 2010 are as follows:
 
June 30,
2011
 
December 31,
2010
Current assets
$
39

 
$
277

Non-current assets
300

 
300

Total assets
$
339

 
$
577

Current liabilities
$
421

 
$
816

Non-current liabilities
1,458

 
1,560

Total liabilities
$
1,879

 
$
2,376