General form of registration statement for all companies including face-amount certificate companies

DISCONTINUED OPERATIONS

v3.21.4
DISCONTINUED OPERATIONS
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]    
DISCONTINUED OPERATIONS

 

13. DISCONTINUED OPERATIONS

 

The components of liabilities classified as discontinued operations consist of the following as of September 30, 2021 and December 31, 2020:

 SCHEDULE OF DISCONTINUED OPERATIONS

    September 30, 2021     December 31, 2020  
    (unaudited)        
Accrued liabilities     766       766  
Current liabilities from discontinued operations     766       766  
Total liabilities   $ 766     $ 766  

 

The table below presents the significant components of CSO, Group DCA’s, Pharmakon’s and TVG’s results included within loss from discontinued operations, net of tax in the condensed consolidated statements of operations for the three- and nine-months ended September 30, 2021 and 2020.

 

                         
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2021     2020     2021     2020  
    (unaudited)     (unaudited)  
Income from discontinued operations, before tax   $ -     $ -     $ -     $ -  
Income tax expense     62       65       175       194  
Loss from discontinued operations, net of tax   $ (62 )   $ (65 )   $ (175 )   $ (194 )
                                 

 

5. Discontinued Operations

 

The Company accounts for business dispositions and its businesses held for sale in accordance with ASC 205-20, Discontinued Operations. ASC 205-20 requires the results of operations of business dispositions to be segregated from continuing operations and reflected as discontinued operations in current and prior periods.

 

The components of liabilities classified as discontinued operations relate to Commercial Services and consist of the following as of December 31, 2020 and December 31, 2019:

 

    December 31, 2020     December 31, 2019  
             
Accrued liabilities   $    766     $    766  
Current liabilities from discontinued operations     766       766  
Total liabilities   $ 766     $ 766  

 

The table below presents the significant components of CSO, Group DCA’s, Pharmakon’s and TVG’s results included within loss from discontinued operations, net of tax in the consolidated statements of operations for the years ended December 31, 2020 and 2019.

    2020     2019  
    Years Ended  
    December 31,  
    2020     2019  
Income from discontinued operations, before tax   $ -     $ 220  
Income tax expense     250       308  
Loss from discontinued operations, net of tax   $ (250 )   $ (88 )