XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

DISCONTINUED OPERATIONS | 6 Months Ended
--- | ---
Jun. 30, 2024
DISCONTINUED OPERATIONS [Abstract] |
DISCONTINUED OPERATIONS |
Note 4 | DISCONTINUED OPERATIONS
Helix Businesses Discontinued Operations On February 10, 2023, Helix completed the sale of 100% of the outstanding capital stock of its wholly owned subsidiary, BioTrack, in exchange for $30,000,000, consisting of $20,000,000 paid at closing and $10,000,000 paid in twelve unconditional monthly installments thereafter. In March 2022, Helix sold its security monitoring business and in October 2022, Helix sold its Argentinian subsidiary Engeni LLC. The security monitoring business, BioTrack and Engeni are collectively referred to as the “Helix Businesses.” As a result of these transactions, as of February 10, 2023, the Company no longer provides products or services to the cannabis industry. The Company continues to provide analytics solutions to customers in the healthcare and life sciences industries. The Helix Businesses have been presented in discontinued operations separate from continuing operations for the three and six months ended June 30, 2023. The Company recorded a gain on the sale of the outstanding capital stock of its BioTrack business of $11,531,849 and a loss from discontinued operations of $94,427 during the six months ended June 30, 2023, which is included as part of discontinued operations. The Company also recorded income taxes related to discontinued operations of $32,426 and $2,722,570 during the three and six months ended June 30, 2023. The following table summarizes the major income and expense line items of the Helix Businesses as reported in the condensed consolidated statements of operations for the three and six months ended June 30, 2023, through the date of sale:
|  | For the Three Months Ended June 30, 2023 |  |  | For the Six Months Ended June 30, 2023 |
Income and expense line items related to Helix Businesses: |  |  |  |  |  |
Revenues: |  |  |  |  |  |
Information and Software |  | $ | — |  |  | $ | 1,121,677 |
Services |  |  | — |  |  |  | 179,798 |
Total revenues |  |  | — |  |  |  | 1,301,475 |
Costs and Expenses: |  |  |  |  |  |  |  |
Cost of revenues |  |  | — |  |  |  | 699,015 |
Research and development |  |  | — |  |  |  | 160,164 |
Sales and marketing |  |  | — |  |  |  | 35,005 |
General and administrative |  |  | — |  |  |  | 129,283 |
Depreciation and amortization |  |  | — |  |  |  | 372,435 |
Total costs and expenses |  |  | — |  |  |  | 1,395,902 |
Net loss from discontinued operations for Helix Businesses before income taxes |  |  | — |  |  |  | (94,427 | )
Gain on sale of discontinued operations |  |  | — |  |  |  | 11,531,849 |
Income tax expense |  |  | (32,426 | ) |  |  | (2,722,570 | )
Net gain from discontinued operations, net of tax for Helix Businesses |  | $ | (32,426 | ) |  | $ | 8,714,852 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration