| Results of Discontinued Operations, Assets and Liabilities of Discontinued Operations |
The results of discontinued operations for the three months ended September 30, 2019 are as follows (in thousands):
|
|
Verykool |
|
|
OneClick International |
|
|
OneClick Argentino |
|
|
Verablue Caribbean |
|
|
TOTAL |
|
|
Net sales |
$ |
— |
|
|
$ |
— |
|
|
$ |
1,862 |
|
|
$ |
1,052 |
|
|
$ |
2,914 |
|
|
Cost of sales |
|
— |
|
|
|
— |
|
|
|
1,228 |
|
|
|
793 |
|
|
|
2,021 |
|
|
Gross profit |
|
— |
|
|
|
— |
|
|
|
634 |
|
|
|
259 |
|
|
|
893 |
|
|
Selling, general and administrative expenses |
|
6 |
|
|
|
138 |
|
|
|
559 |
|
|
|
247 |
|
|
|
950 |
|
|
Operating income (loss) |
|
(6 |
) |
|
|
(138 |
) |
|
|
75 |
|
|
|
12 |
|
|
|
(57 |
) |
|
Other expense, net |
|
(1 |
) |
|
|
— |
|
|
|
(328 |
) |
|
|
— |
|
|
|
(329 |
) |
|
Income (loss) from discontinued operations before income taxes |
|
(7 |
) |
|
|
(138 |
) |
|
|
(253 |
) |
|
|
12 |
|
|
|
(386 |
) |
|
Provision for income taxes |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
- |
|
|
Net income (loss) from discontinued operations |
$ |
(7 |
) |
|
$ |
(138 |
) |
|
$ |
(253 |
) |
|
$ |
12 |
|
|
$ |
(386 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The results of discontinued operations for the nine months ended September 30, 2019 are as follows (in thousands):
|
|
Verykool |
|
|
OneClick International |
|
|
OneClick Argentino |
|
|
Verablue Caribbean |
|
|
TOTAL |
|
|
Net sales |
$ |
47 |
|
|
$ |
— |
|
|
$ |
5,752 |
|
|
$ |
2,860 |
|
|
$ |
8,659 |
|
|
Cost of sales |
|
47 |
|
|
|
12 |
|
|
|
3,774 |
|
|
|
2,027 |
|
|
|
5,860 |
|
|
Gross profit |
|
- |
|
|
|
(12 |
) |
|
|
1,978 |
|
|
|
833 |
|
|
|
2,799 |
|
|
Selling, general and administrative expenses |
|
33 |
|
|
|
392 |
|
|
|
2,153 |
|
|
|
858 |
|
|
|
3,436 |
|
|
Operating loss |
|
(33 |
) |
|
|
(404 |
) |
|
|
(175 |
) |
|
|
(25 |
) |
|
|
(637 |
) |
|
Other income (expense), net |
|
25 |
|
|
|
(13 |
) |
|
|
(548 |
) |
|
|
— |
|
|
|
(536 |
) |
|
Loss from discontinued operations before income taxes |
|
(8 |
) |
|
|
(417 |
) |
|
|
(723 |
) |
|
|
(25 |
) |
|
|
(1,173 |
) |
|
Provision for income taxes |
|
(2 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2 |
) |
|
Net loss from discontinued operations |
$ |
(10 |
) |
|
$ |
(417 |
) |
|
$ |
(723 |
) |
|
$ |
(25 |
) |
|
$ |
(1,175 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The results of discontinued operations for the transition period from January 1, 2020 to February 1, 2020 are as follows (in thousands):
|
|
Verykool |
|
|
OneClick International |
|
|
OneClick Argentino |
|
|
Verablue Caribbean |
|
|
TOTAL |
|
|
Net sales |
$ |
— |
|
|
$ |
— |
|
|
$ |
821 |
|
|
$ |
334 |
|
|
$ |
1,155 |
|
|
Cost of sales |
|
8 |
|
|
|
— |
|
|
|
544 |
|
|
|
223 |
|
|
|
775 |
|
|
Gross profit (loss) |
|
(8 |
) |
|
|
— |
|
|
|
277 |
|
|
|
111 |
|
|
|
380 |
|
|
Selling, general and administrative expenses |
|
2 |
|
|
|
1 |
|
|
|
203 |
|
|
|
81 |
|
|
|
287 |
|
|
Operating income (loss) |
|
(10 |
) |
|
|
(1 |
) |
|
|
74 |
|
|
|
30 |
|
|
|
93 |
|
|
Other income (expense), net |
|
— |
|
|
|
— |
|
|
|
(21 |
) |
|
|
(6 |
) |
|
|
(27 |
) |
|
Income (loss) from discontinued operations before income taxes |
|
(10 |
) |
|
|
(1 |
) |
|
|
53 |
|
|
|
24 |
|
|
|
66 |
|
|
Provision for income taxes |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Net income (loss) from discontinued operations |
$ |
(10 |
) |
|
$ |
(1 |
) |
|
$ |
53 |
|
|
$ |
24 |
|
|
$ |
66 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The results of discontinued operations for the 13 weeks ended October 31, 2020 are as follows (in thousands):
|
|
Verykool |
|
|
TOTAL |
|
|
Net sales |
$ |
— |
|
|
$ |
— |
|
|
Cost of sales |
|
— |
|
|
|
— |
|
|
Gross profit |
|
— |
|
|
|
— |
|
|
Selling, general and administrative expenses |
|
— |
|
|
|
— |
|
|
Operating loss |
|
— |
|
|
|
— |
|
|
Other income, net |
|
51 |
|
|
|
51 |
|
|
Income from discontinued operations before income taxes |
|
51 |
|
|
|
51 |
|
|
Provision for income taxes |
|
— |
|
|
|
— |
|
|
Net income from discontinued operations |
$ |
51 |
|
|
$ |
51 |
|
|
|
|
|
|
|
|
|
|
The results of discontinued operations for the 39 weeks ended October 31, 2020 are as follows (in thousands):
|
|
Verykool |
|
|
Verablue Caribbean |
|
|
TOTAL |
|
|
Net sales |
$ |
— |
|
|
$ |
407 |
|
|
$ |
407 |
|
|
Cost of sales |
|
— |
|
|
|
319 |
|
|
|
319 |
|
|
Gross profit |
|
— |
|
|
|
88 |
|
|
|
88 |
|
|
Selling, general and administrative expenses |
|
6 |
|
|
|
192 |
|
|
|
198 |
|
|
Operating loss |
|
(6 |
) |
|
|
(104 |
) |
|
|
(110 |
) |
|
Other income (expense), net |
|
54 |
|
|
|
(129 |
) |
|
|
(75 |
) |
|
Income (loss) from discontinued operations before income taxes |
|
48 |
|
|
|
(233 |
) |
|
|
(185 |
) |
|
Provision for income taxes |
|
— |
|
|
|
— |
|
|
|
— |
|
|
Net income (loss) from discontinued operations |
$ |
48 |
|
|
$ |
(233 |
) |
|
$ |
(185 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|