XML 39 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
Discontinued Operations
 9 Months Ended
Sep. 30, 2015
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operations

12. Discontinued Operations

AAT results are considered discontinued operations, presented below continuing operations in the accompanying Condensed Consolidated Statements of Operations, and its assets and associated liabilities are carried as assets and liabilities held for sale. The sale of all non-cash assets excluding the real property closed effective August 14, 2014. The real estate was leased to the buyer for a minimum of one year with an option to purchase and remains in assets held for sale. No further discontinued operations will result from AAT operations.

The following tables summarize the AAT assets and liabilities held for sale, the operating results for AAT and its impairment charge, and AAT’s summary cash flow components:

American Access Technologies, Inc.

Assets and Liabilities held for Sale

(in thousands)  

 

 

September 30, 2015

 

 

December 31, 2014

 

 

(unaudited)

 

 

 

 

 

Current assets held for sale

$

-

 

 

$

-

 

Long term assets held for sale*

 

-

 

 

 

650

 

Total assets held for sale

$

-

 

 

$

650

 

Current liabilities held for sale

 

-

 

 

 

-

 

Total liabilities held for sale

 

-

 

 

 

-

 

Net assets and liabilities held for sale

$

-

 

 

$

650

 

 

 

 

 

 

 

 

 

*During the third quarter 2015 the Long term asset held for sale was transferred to the Condensed Consolidated Balance Sheet

 

 

 

 

 

 

 

 

American Access Technologies, Inc.

Condensed Statements of Operations

Unaudited

(in thousands)

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Operating income (loss) from discontinued operations

$

-

 

 

$

(21

)

 

$

-

 

 

$

(373

)

Provision for income taxes

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Valuation provision ("impairment") on assets for sale

 

-

 

 

 

-

 

 

 

-

 

 

 

(2,300

)

Net loss after tax

$

-

 

 

$

(21

)

 

$

-

 

 

$

(2,673

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Access Technologies, Inc.

Condensed Statements of Cash Flow Components

Unaudited

(in thousands)

 

 

For the Nine Months Ended September 30,

 

 

2015

 

 

2014

 

Net cash (used in) operating activities

$

-

 

 

$

(1,691

)

Net cash provided by (used in) investing activities*

 

-

 

 

 

2,769

 

Net cash (used in) financing activities

 

-

 

 

 

-

 

Advances (to) from parent

 

 

 

 

 

(1,078

)

Net increase (decrease) in cash and cash equivalents

$

-

 

 

$

-

 

 

*Cash is not included in assets held for sale and included in the condensed consolidated statements in cash.