During the fourth quarter of 2018, the Company completed the closure of the verykool business segment that had been the legacy business of InfoSonics prior to the Merger. By December 31, 2018, the verykool product inventory was substantially liquidated, the trade name was sold, remaining assets consisted primarily of accounts receivable, and remaining liabilities consisted primarily of estimated warranty obligations and a $250,000 note payable to a vendor that was repaid in March 2019. The historical results of the verykool segment, including the impairment of goodwill assigned to the segment at the time of the Merger, are reported as discontinued operations in our consolidated financial statements for all periods from the merger through December 31, 2019.

As discussed in Note 18, subsequent to December 31, 2019, the Company sold OneClick Argentino, its business unit in Argentina, and Verablue Caribbean Group, its business unit in the Dominican Republic. Consequently, these business units, plus OneClick International, the wholly owned parent of the two business units, are also reported as discontinued operations in our consolidated financial statements for all periods presented.

	Verykool			OneClick International			OneClick Argentino			Verablue Caribbean			TOTAL
Net sales	$	6,486		$	1,908		$	9,046		$	1,607		$	19,047
Cost of sales		6,876			1,673			6,154			1,244			15,947
Gross profit (loss)		(390	)		235			2,892			363			3,100
Selling, general and administrative expenses		1,457			950			3,452			567			6,426
Goodwill and intangible impairments		3,343			354			4,143			4,475			12,315
Operating loss		(5,190	)		(1,069	)		(4,703	)		(4,679	)		(15,641	)
Other income (expense), net		39			(90	)		(537	)		6			(582	)
Loss from discontinued operations before income taxes		(5,151	)		(1,159	)		(5,240	)		(4,673	)		(16,223	)
Provision for income taxes		(2	)		—			—			—			(2	)
Net loss from discontinued operations	$	(5,153	)	$	(1,159	)	$	(5,240	)	$	(4,673	)	$	(16,225	)

The results of discontinued operations for 2019 are as follows (in thousands):

	Verykool			OneClick International			OneClick Argentino			Verablue Caribbean			TOTAL
Net sales	$	47		$	1		$	8,029		$	3,849		$	11,926
Cost of sales		118			13			5,374			2,783			8,288
Gross profit (loss)		(71	)		(12	)		2,655			1,066			3,638
Selling, general and administrative expenses		(16	)		501			2,703			1,057			4,245
Goodwill and intangible impairments		—			630			—			—			630
Operating loss		(55	)		(1,143	)		(48	)		9			(1,237	)
Loss on assets held for sale		—			—			(1,932	)		(698	)		(2,630	)
Other income (expense), net		25			(14	)		(678	)		(8	)		(675	)
Loss from discontinued operations before income taxes		(30	)		(1,157	)		(2,658	)		(697	)		(4,542	)
Provision for income taxes		(2	)		—			—			78			76
Net loss from discontinued operations	$	(32	)	$	(1,157	)	$	(2,658	)	$	(619	)	$	(4,466	)

Assets of discontinued operations held for sale at December 31, 2019 are as follows (in thousands):

	OneClick Argentino			Verablue Caribbean			TOTAL
Cash	$	256		$	51		$	307
Trade accounts receivable		682			42			724
Other accounts receivable		272			389			661
Inventory		916			447			1,363
Prepaid assets		27			11			38
Total current assets		2,153			940			3,093
Property and equipment, net		76			196			272
Operating lease right-of-use assets		98			178			276
Other assets		—			30			30
Total assets of discontinued operations held for sale		2,327			1,344			3,671
Valuation allowance		(1,932	)		(698	)		(2,630	)
Net assets of discontinued operations held for sale	$	395		$	646		$	1,041

Liabilities of discontinued operations held for sale at December 31, 2019 are as follows (in thousands):

	OneClick Argentino		Verablue Caribbean		TOTAL
Accounts payable	$	769	$	282	$	1,051
Accrued expenses		546		20		566
Operating lease liabilities		99		182		281
Total liabilities	$	1,414	$	484	$	1,898