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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The carrying values of the major classes of assets and liabilities included in assets and liabilities held for sale for the Transactions as of December 31, 2019 are as follows:
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Assets |  |  |  |  |
Cash and cash equivalents | $ | 2,223 |  |  | $ | — |  |  | $ | 2,223 |
Other current assets | 9,698 |  |  | — |  |  | 9,698 |
Property, plant and equipment, net | 51,975 |  |  | — |  |  | 51,975 |
Intangible assets, net | 20,891 |  |  | 4,383 |  |  | 25,274 |
Investments in affiliates | — |  |  | 7,817 |  |  | 7,817 |
Right-of-use assets | 13,622 |  |  | — |  |  | 13,622 |
Other noncurrent assets | 212 |  |  | — |  |  | 212 |
Total assets held for sale | $ | 98,621 |  |  | $ | 12,200 |  |  | $ | 110,821 |
Liabilities |  |  |  |  |
Deferred revenue, current (1) | $ | 8,723 |  |  | $ | — |  |  | $ | 8,723 |
Operating lease liabilities, current | 2,459 |  |  | — |  |  | 2,459 |
Other current liabilities | 3,058 |  |  | 41 |  |  | 3,099 |
Deferred revenue, net of current portion (2) | 19,410 |  |  | — |  |  | 19,410 |
Operating lease liabilities, net of current portion | 12,623 |  |  | — |  |  | 12,623 |
Other long-term liabilities | 1,019 |  |  | — |  |  | 1,019 |
Total liabilities held for sale | $ | 47,292 |  |  | $ | 41 |  |  | $ | 47,333 |
(1)Includes deferred revenue, current, from related parties of $1,243. (2)Includes deferred revenue, net of current portion, from related parties of $6,836. The following table presents the financial results of discontinued operations for the six months ended June 30, 2020. There were no discontinued operations for the three months ended June 30, 2020.
| Six Months Ended June 30, 2020 |  |  |  |
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Revenues (1) | $ | 1,294 |  |  | $ | — |  |  | $ | 1,294 |
Operating expenses | 896 |  |  | — |  |  | 896 |
Operating income | 398 |  |  | — |  |  | 398 |
Gain on sale of discontinued operations | 633 |  |  | 39 |  |  | 672 |
Loss on release of cumulative foreign currency translation adjustment | (26,957) |  |  | — |  |  | (26,957) |
Other expense, net | (129) |  |  | — |  |  | (129) |
Equity in net loss of affiliates | — |  |  | (38) |  |  | (38) |
Income (loss) before income taxes | (26,055) |  |  | 1 |  |  | (26,054) |
Income tax expense | (2) |  |  | — |  |  | (2) |
Income (loss) from discontinued operations | $ | (26,057) |  |  | $ | 1 |  |  | $ | (26,056) |
(1)Includes revenues recognized from related parties of $436. The following tables present the financial results of discontinued operations for the three and six months ended June 30, 2019.
| Three Months Ended June 30, 2019 |  |  |  |
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Revenues (1) | $ | 3,150 |  |  | $ | — |  |  | $ | 3,150 |
Operating expenses | 9,069 |  |  | 117 |  |  | 9,186 |
Operating loss | (5,919) |  |  | (117) |  |  | (6,036) |
Other expense, net | (75) |  |  | — |  |  | (75) |
Equity in net loss of affiliates | — |  |  | (1,031) |  |  | (1,031) |
Loss before income taxes | (5,994) |  |  | (1,148) |  |  | (7,142) |
Income tax benefit | 516 |  |  | — |  |  | 516 |
Loss from discontinued operations | $ | (5,478) |  |  | $ | (1,148) |  |  | $ | (6,626) |
(1)Includes revenues recognized from related parties of $1,208.
| Six Months Ended June 30, 2019 |  |  |  |
| TS Biotechnology Sale |  | EnviroFlight Sale |  | Total
Revenues (1) | $ | 3,900 |  |  | $ | — |  |  | $ | 3,900 |
Operating expenses | 18,188 |  |  | 235 |  |  | 18,423 |
Operating loss | (14,288) |  |  | (235) |  |  | (14,523) |
Other expense, net | (497) |  |  | — |  |  | (497) |
Equity in net loss of affiliates | — |  |  | (1,923) |  |  | (1,923) |
Loss before income taxes | (14,785) |  |  | (2,158) |  |  | (16,943) |
Income tax benefit | 1,081 |  |  | — |  |  | 1,081 |
Loss from discontinued operations | $ | (13,704) |  |  | $ | (2,158) |  |  | $ | (15,862) |
(1)Includes revenues recognized from related parties of $230. The following table presents the significant non-cash items and purchases of property, plant and equipment for the discontinued operations that are included in the accompanying condensed consolidated statements of cash flows.
| Six Months Ended June 30, |  |
| 2020 |  | 2019
Adjustments to reconcile net loss to net cash used in operating activities |  |  |
Depreciation and amortization | $ | — |  |  | $ | 2,483 |
Unrealized and realized depreciation on equity securities and preferred stock, net | 106 |  |  | 507 |
Equity in net loss of EnviroFlight | 38 |  |  | 1,923 |
Stock-based compensation expense | (1,346) |  |  | 1,351 |
Deferred income taxes | — |  |  | (935) |
Gain on sale of discontinued operations | (672) |  |  | — |
Loss on release of cumulative foreign currency translation adjustment | 26,957 |  |  | — |
Cash flows from investing activities |  |  |
Purchases of property, plant and equipment | (382) |  |  | (18,275) |
Also see Note 13 below. Equity Method Investments The Company accounted for its investment in EnviroFlight using the equity method of accounting. Summarized financial data for EnviroFlight are shown in the following tables for the periods in which the Company held the equity method investment.
| December 31, |  |
| 2019 |  |
Current assets | $ | 703 |  |  |
Noncurrent assets | 30,549 |  |  |
Total assets | 31,252 |  |  |
Current liabilities | 2,352 |  |  |
Non-current liabilities | 88 |  |  |
Total liabilities | 2,440 |  |  |
Net assets | $ | 28,812 |  |  |
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2019 |  | 2020 |  | 2019
Revenues | $ | 130 |  |  | $ | 16 |  |  | $ | 224 |
Operating expenses | 2,200 |  |  | 92 |  |  | 4,081 |
Operating loss | (2,070) |  |  | (76) |  |  | (3,857) |
Other, net | 8 |  |  | — |  |  | 12 |
Net loss | $ | (2,062) |  |  | $ | (76) |  |  | $ | (3,845) |

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