Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v2.4.0.8
Discontinued Operations
 6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations [Text Block]
DISCONTINUED OPERATIONS
On December 29, 2011, we entered into an agreement to sell certain assets of our Pharmakon business unit to Informed in exchange for potential future royalty payments and a 1% ownership interest in Informed. The consolidated statement of operations reflects the presentation of Pharmakon as a discontinued operation in all periods presented.
On July 19, 2010, the Board approved closing the TVG business unit. 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 Pharmakon's and TVG’s results included in Income (loss) from Discontinued Operations in the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the three- and six-month periods ended June 30, 2013 and 2012.
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013

2012
 
2013
 
2012
Revenue, net
$
—

 
$
—

 
$
—

 
$
—

Income (loss) from discontinued operations, before income tax
53

 
(44
)
 
—

 
(11
)
Provision for income tax
1

 
1

 
2

 
3

Income (loss) from discontinued operations, net of tax
$
52

 
$
(45
)
 
$
(2
)
 
$
(14
)

The major classes of assets and liabilities included in the Condensed Consolidated Balance Sheets for TVG and Pharmakon as of June 30, 2013 and December 31, 2012 are as follows:
 
June 30,
2013
 
December 31,
2012
Current assets
$
16

 
$
14

Non-current assets
150

 
150

Total assets
$
166

 
$
164

Current liabilities
$
412

 
$
368

Non-current liabilities
810

 
1,006

Total liabilities
$
1,222

 
$
1,374