Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v2.3.0.15
Discontinued Operations
 9 Months Ended
Sep. 30, 2011
DISCONTINUED OPERATIONS [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
13.
DISCONTINUED OPERATIONS
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 TVG’s results included in Loss from Discontinued Operations in the Condensed Consolidated Statements of Operations for the three- and nine-month periods ended September 30, 2011 and 2010, respectively.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011

2010
 
2011
 
2010
Revenue, net
$
—

 
$
1,317

 
$
—

 
$
3,232

 
 
 
 
 
 
 
 
Loss from discontinued operations, before income tax
(10
)
 
(2,080
)
 
(48
)
 
(2,454
)
Provision (benefit) for income tax
1

 
1

 
(11
)
 
3

Loss from discontinued operations, net of tax
$
(11
)
 
$
(2,081
)
 
$
(37
)
 
$
(2,457
)
The major classes of assets and liabilities included in the Condensed Consolidated Balance Sheet for TVG as of September 30, 2011 and December 31, 2010 are as follows:
 
September 30,
2011
 
December 31,
2010
Current assets
$
39

 
$
277

Non-current assets
300

 
300

Total assets
$
339

 
$
577

Current liabilities
$
363

 
$
816

Non-current liabilities
1,362

 
1,560

Total liabilities
$
1,725

 
$
2,376