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Discontinued Operations | 12 Months Ended
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Dec. 31, 2023
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. Further information is provided under the heading Supplemental Pro Forma Information in Note 4. 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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