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Discontinued Operations
 12 Months Ended
Dec. 31, 2015
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued Operations

(18)

Discontinued Operations

AAT results are considered discontinued operations, presented below continuing operations in the accompanying 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. The purchase option was executed and the property was sold on December 15, 2015. 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)  

 

 

For the Year Ended December 31,

 

 

2015

 

 

2014

 

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 Year Ended December 31,

 

 

2015

 

 

2014

 

Operating income (loss) from discontinued operations

$

-

 

 

$

(373

)

Provision for income taxes

 

-

 

 

 

-

 

Valuation provision ("impairment") on assets for sale

 

-

 

 

 

(2,300

)

Net loss after tax

$

-

 

 

$

(2,673

)

 

American Access Technologies, Inc.

Condensed Statements of Cash Flow Components

Unaudited

(in thousands)

 

 

For the Year Ended December 31,

 

 

2015

 

 

2014

 

Net cash (used in) operating activities

$

-

 

 

$

(1,967

)

Net cash provided by (used in) investing activities*

 

-

 

 

 

2,769

 

Net cash (used in) financing activities

 

-

 

 

 

-

 

Advances (to) from parent

 

-

 

 

 

(802

)

Net increase (decrease) in cash and cash equivalents

$

-

 

 

$

-

 

* Includes sale proceeds of $2.3 million.

Cash is not included in assets held for sale and is included in the consolidated balance sheets in cash.