| Results of Discontinued Operations, Assets and Liabilities of Discontinued Operations |
The results of discontinued operations for the year ended December 31, 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 income (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 (benefit) for income taxes |
|
(2 |
) |
|
|
— |
|
|
|
— |
|
|
|
78 |
|
|
|
76 |
|
|
Net loss from discontinued operations |
$ |
(32 |
) |
|
$ |
(1,157 |
) |
|
$ |
(2,658 |
) |
|
$ |
(619 |
) |
|
$ |
(4,466 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 year ended January 30, 2021 are as follows (in thousands):
|
|
Verykool |
|
|
OneClick International |
|
|
Verablue Caribbean |
|
|
TOTAL |
|
|
Net sales |
$ |
— |
|
|
$ |
— |
|
|
$ |
408 |
|
|
$ |
408 |
|
|
Cost of sales |
|
— |
|
|
|
— |
|
|
|
319 |
|
|
|
319 |
|
|
Gross profit |
|
— |
|
|
|
— |
|
|
|
89 |
|
|
|
89 |
|
|
Selling, general and administrative expenses |
|
19 |
|
|
|
(41 |
) |
|
|
165 |
|
|
|
143 |
|
|
Operating income (loss) |
|
(19 |
) |
|
|
41 |
|
|
|
(76 |
) |
|
|
(54 |
) |
|
Other income (expense), net |
|
59 |
|
|
|
— |
|
|
|
(129 |
) |
|
|
(70 |
) |
|
Income (loss) from discontinued operations before income taxes |
|
40 |
|
|
|
41 |
|
|
|
(205 |
) |
|
|
(124 |
) |
|
Provision for income taxes |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Net income (loss) from discontinued operations |
$ |
40 |
|
|
$ |
41 |
|
|
$ |
(205 |
) |
|
$ |
(124 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|