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Discontinued Operations | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations |
Discontinued Operations | 3. Discontinued Operations The Company, upon Board approval on September 15, 2022, discontinued (i.e., the “discontinued operations”) the Parade print business (“Parade Print”) that was acquired on April 1, 2022 (as part of the Parade acquisition, as further described below in Note 4), on November 13, 2022 (the last date of any obligation to deliver issues of Parade Print). The table below sets forth the loss from discontinued operations for the period from April 1, 2022 to December 31, 2022: Schedule of Discontinued Operations
Revenue |  | $ | 26,817 |
Cost of revenue |  |  | 23,015 |
Gross profit |  |  | 3,802 |
Operating expense |  |  |  |
Selling and marketing |  |  | 5,396 |
General and administrative |  |  | 1,722 |
Loss on impairment of assets |  |  | 209 |
Total operating expenses |  |  | 7,327 |
Loss from discontinued operations |  |  | (3,525 | )
Income tax benefit |  |  | 55 |
Net loss from discontinued operations |  | $ | (3,470 | )
The discontinued operations of Parade Print also included Relish and Spry Living print products that were acquired as part of the Parade acquisition. An existing purchase commitment for paper used in the production of Parade Print has been recognized as part of the discontinued operations. During the year ended December 31, 2022, as part of the discontinued operations, the Company recognized $750 of severance and related commissions for certain employees, where it identified a number of Parade employees who were primarily focused on Parade Print that departed in a one-time restructuring. During the year ended December 31, 2022, the Company recorded depreciation and amortization of $0; and operating and investing noncash items of $209 and $0, respectively, as part of the discontinued operations.

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