Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations

v3.26.1
Discontinued Operations
12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

4. Discontinued Operations

 

Liabilities classified as discontinued operations as of both December 31, 2025 and December 31, 2024 consists of accrued expenses which are liabilities related to the former Commercial Services business unit. 

 

The table below presents the significant components of the Company’s former Commercial Services business unit’s results included within loss from discontinued operations, net of tax in the consolidated statements of operations for the years ended December 31, 2025 and 2024.

 

    2025     2024  
    For The Years Ended  
    December 31,  
    2025     2024  
       
Income tax expense   $ 409     $ 244  
Loss from discontinued operations, net of tax   $ (409 )   $ (244 )

 

The income tax expense for the years ended December 31, 2025 and December 31, 2024 primarily pertained to the interest accrued on uncertain tax position liabilities.

 

There were no cash flows associated with discontinued operations in 2025 or 2024. There was no depreciation and amortization expense within discontinued operations for the years ended December 31, 2025 and December 31, 2024.