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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2019
Summary of Assets and Liabilities Held for Sale and Operating Results Related to Discontinued Operations | Assets and liabilities related to discontinued operations or held for sale consisted of the following:
|  | June 30, 2019 |  |  | December 31, 2018 |
Assets |  |  |  |  |  |  |  |
Current assets held for sale: |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 230 |  |  | $ | 108 |
Inventory, net |  |  | 2,635 |  |  |  | 2,841 |
Other current assets |  |  | 351 |  |  |  | 328 |
Long-term assets held for sale: |  |  |  |  |  |  |  |
Property and equipment, net |  |  | 211 |  |  |  | 260 |
Other noncurrent assets |  |  | 1,471 |  |  |  | 1,866 |
Operating lease right-of-use assets |  |  | 1,248 |  |  |  | — |
Goodwill |  |  | 3,550 |  |  |  | 3,550 |
Intangible assets, net |  |  | 5,540 |  |  |  | 5,957 |
Total assets |  | $ | 15,236 |  |  | $ | 14,910 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities held for sale: |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 526 |  |  | $ | 580 |
Current lease liability |  |  | 485 |  |  |  | — |
Noncurrent operating lease liability |  |  | 828 |  |  |  | — |
Other noncurrent liabilities |  |  | 67 |  |  |  | 78 |
Deferred revenues |  |  | 196 |  |  |  | 167 |
Noncurrent liabilities |  | $ | 2,102 |  |  | $ | 825 |
The following table summarizes the results of discontinued operations for the periods presented (in thousands)
|  | Three months ended June 30, |  |  | Six months ended June 30,
|  | 2019 |  |  | 2018 |  |  |  | 2019 |  |  | 2018 |
Product revenue |  | $ | 197 |  |  | $ | 660 |  |  | $ | 901 |  | $ | 1,391 |
Costs of revenue |  |  | 199 |  |  |  | 630 |  |  |  | 857 |  |  | 1,209 |
Gross profit |  |  | (2 | ) |  |  | 30 |  |  |  | 44 |  |  | 182 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 237 |  |  |  | 684 |  |  |  | 656 |  |  | 1,790 |
Sales and marketing |  |  | 97 |  |  |  | 340 |  |  |  | 411 |  |  | 723 |
General and administrative |  |  | 39 |  |  |  | 176 |  |  |  | 185 |  |  | 413 |
Total operating expenses |  |  | 373 |  |  |  | 1,200 |  |  |  | 1,252 |  |  | 2,926 |
Operating loss |  |  | (375 | ) |  |  | (1,170 | ) |  |  | (1,208 | ) |  | (2,744 | )
Other income (expense) |  |  | (5 | ) |  |  | (204 | ) |  |  | 142 |  |  | 148 |
Loss from discontinued operations |  | $ | (380 | ) |  | $ | (1,374 | ) |  | $ | (1,066 | ) | $ | (2,596 | )
Included in the statement of cash flows are the following non-cash adjustments related to the discontinued operations (in thousands):
|  | For the six months ended June 30 |
|  | 2019 |  |  | 2018 |
Depreciation and amortization |  | $ | 467 |  |  | $ | 790 |
Provision for excess inventory |  | $ | — |  |  | $ | 398 |
Loss on asset disposal |  | $ | — |  |  | $ | 20 |
Discontinued Operations Disposed of By Sale [Member] |
Summary of Business Consideration to Calculation of the Loss on Sale | The following table summarizes the calculation of the loss on sale of the cell therapy business, which will be finalized during the fourth quarter of 2019 (in thousands):
Consideration received |  | $ | 7,000 |
Transaction costs |  | (1,161 | )
Net cash proceeds |  | 5,839 |
Less: |  |
Carrying value of business and assets sold |  | 12,145 |
Net loss on sale of business |  | $ | 6,306 |

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