Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS

v3.23.2
DISCONTINUED OPERATIONS
6 Months Ended
Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

4.             DISCONTINUED OPERATIONS

 

Liabilities classified as discontinued operations as of both June 30, 2023 and December 31, 2022 consists of accrued expenses of which $766 of liabilities related to the former commercial services business unit.

 

The table below presents the significant components of its former Pharma Solutions business unit’s results included within loss from discontinued operations, net of tax in the condensed consolidated statements of operations for the three- and six months ended June 30, 2023 and 2022.

   

    2023     2022     2023     2022  
    For The Three Months Ended     For The Six Months Ended  
    June 30,     June 30,  
    2023     2022     2023     2022  
                         
Revenue, net   $ -     $ 1,956     $ -     $ 4,410  
                                 
Loss from discontinued operations     (137 )     (1,820 )     (137 )     (2,878 )
Income tax expense     83       52       162       106  
Loss from discontinued operations, net of tax   $ (220 )   $ (1,872 )   $ (299 )   $ (2,984 )

 

Cash used from discontinued operations, operating activities, for the six months ended June 30, 2022 was approximately $2.5 million. Cash used from discontinued operations, operating activities, was $20,000, and investing activities was $0.1 million for the six months ended June 30, 2023. Depreciation and amortization expense within discontinued operations for the three and six-months ended June 30, 2022 was $0.4 million and $0.8 million, respectively. There was no depreciation and amortization expense for the three or six months ended June 30, 2023 in discontinued operations.