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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations
The following table summarizes the results of operations of the Company’s True Health business, which are included in loss from discontinued operations in the consolidated statements of operations the three and nine months ended September 30, 2021 and 2020:

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2021202020212020
Revenue
Platform and operations$— $71 $38 $350 
Premiums— 29,487 44,795 87,136 
Total revenue— 29,558 44,833 87,486 
Expenses
Cost of revenue (exclusive of depreciation and amortization expenses presented separately below) (1)
— 4,926 5,885 12,861 
Claims expenses— 21,325 33,954 63,136 
Selling, general and administrative expenses (2)
— 4,407 5,764 14,318 
Depreciation and amortization expenses— 160 160 480 
Total operating expenses— 30,818 45,763 90,795 
Operating loss— (1,260)(930)(3,309)
Interest income— 129 112 415 
Interest expense— (3)(4)(10)
Other loss— (1)(25)(4)
Loss before income taxes and non-controlling interests— (1,135)(847)(2,908)
Benefit for income taxes— — (326)— 
Net loss$— $(1,135)$(521)$(2,908)
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(1)Cost of revenue includes intercompany expenses between the Company and True Health that are recorded in income from continuing operations on the consolidated statements of operations related to an existing services agreement for claims processing and other health plan administrative functions of $3.7 million for the three months ended September 30, 2020 and $2.8 million and $10.0 million for the nine months ended September 30, 2021 and 2020, respectively.
(2)Selling, general and administrative expenses includes intercompany expenses between the Company and True Health that are recorded in income from continuing operations on the consolidated statements of operations related to an existing services agreement for claims processing and other health plan administrative functions of $1.0 million for the three months ended September 30, 2020 and $1.1 million and $5.1 million for the nine months ended September 30, 2021 and 2020, respectively.
Cash flows related to the True Health business during the nine months ended September 30, 2021 and 2020 were as follows:
For the Nine Months Ended September 30,
20212020
Cash flows provided by (used in) operating activities$5,002 $7,920 
Cash flows provided by (used in) investing activities(2,494)936 

The following table summarizes the current and long-term assets and liabilities of the discontinued True Health business in the consolidated balance sheets as of December 31, 2020:

December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents$21,488 
Restricted cash and restricted investments63 
Accounts receivable, net3,437 
Prepaid expenses and other current assets5,198 
Investments, at amortized cost3,728 
Total current assets33,914 
Restricted cash and restricted investments616 
Investments, at amortized cost10,919 
Prepaid expenses and other noncurrent assets59 
Intangible assets, net3,080 
Goodwill5,705 
Total assets$54,293 
LIABILITIES
Current liabilities:
Accounts payable (1)
93 
Accrued liabilities11,265 
Accrued compensation and employee benefits1,115 
Deferred revenue4,140 
Reserve for claims and performance-based arrangements9,858 
Total current liabilities26,471 
Other long-term liabilities128 
Deferred tax liabilities, net49 
Total liabilities$26,648 
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(1)Accounts payable exclude $1.5 million between the Company and True Health related to an existing services agreement for claims processing and other health plan administrative functions as of December 31, 2020.