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DISCONTINUED OPERATIONS
 3 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
3. DISCONTINUED OPERATIONS

On January 25, 2021, we entered into an agreement with Medici Ventures, Pelion, and Pelion, Inc., pursuant to which Medici Ventures converted to a Delaware limited partnership (the "Partnership") and Pelion became the sole general partner of the Partnership, and we became the limited partner of the Partnership. The term of the Partnership is eight years. A tZERO debt conversion was completed during the quarter ended March 31, 2021, following which Medici Ventures and Overstock held approximately 42% and 41%, respectively, of tZERO's outstanding common stock. On April 23, 2021, we entered into the Limited Partnership Agreement with Pelion, pursuant to which Pelion became the sole general partner, holding a 1% equity interest in the Partnership, and Overstock became a limited partner, holding a 99% equity interest in the Partnership. Our retained equity interest in these entities are classified as equity method securities as we are deemed to have significant influence, but not control, over these entities through holding more than a 20% interest in the entity. See Note 6—Equity Securities for further information.

Results of discontinued operations through the transaction date were as follows (in thousands):
Three months ended
March 31,
20222021
Net revenue$— $15,592 
Cost of goods sold— 12,391 
Gross profit— 3,201 
Operating expenses
Technology— 6,556 
Selling, general, and administrative— 11,425 
Total operating expenses— 17,981 
Operating loss from discontinued operations— (14,780)
Interest income, net— 187 
Other income, net— 4,479 
Loss from discontinued operations before income taxes— (10,114)
Provision for income taxes— 12 
Net loss from discontinued operations$— $(10,126)
Less: Net loss attributable to noncontrolling interests from discontinued operations— (201)
Net loss from discontinued operations attributable to stockholders of Overstock.com, Inc.$— $(9,925)