v3.23.1
Note 3 - Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
  Three months ended 
  March 31, 

 

2023

  

2022

 

Total revenues

 $501  $442 

Cost of goods sold

  711   414 

Selling, general and administrative expense

  683   3,608 

Impairment of net assets held for sale

  7,007    

Impairment of fixed assets

  1,065    

Gain on termination of lease liabilities

  (1,098)   

Research and development expenses

 

349

   479 

Loss from operations

  8,216   4,059 

Loss from discontinued operations before loss on disposal

 $8,216  $4,059 

 

March 31, 2023

  

December 31, 2022

 

Cash and cash equivalents

 $  $ 

Accounts receivable, net

  276   309 

Inventories

  1,117   1,178 

Prepaid expenses and other current assets

  231   444 

Property, plant and equipment, net

  8,509    

Operating lease right-of-use assets

  178    

Other assets

  172    

Less: expected loss on sale of discontinued operations

  (7,007)   

Total current assets of discontinued operations

  3,476   1,931 

Property, plant and equipment, net

     10,261 

Operating lease right-of-use assets

     3,499 

Other assets

     176 

Total non-current assets of discontinued operations

     13,936 

Total assets of discontinued operations

 $3,476  $15,867 

 

  

 

Accounts payable

  618   784 

Accrued liabilities

  1,184   1,720 

Operating lease liabilities, current portion

  354   1,601 

Note payable, current portion

     400 

Deferred revenue, current portion

  1,122   115 

Total current liabilities of discontinued operations

  3,278   4,620 

Operating lease liabilities, net of current portion

     2,959 

Deferred revenue, net of current portion

     1,036 

Total non-current liabilities of discontinued operations

     3,995 

Total liabilities of discontinued operations

  3,278   8,615 

Net assets of discontinued operations

 $198  $7,252 

 

Three months ended

 

 

March 31,

 

 

2023

  

2022

 

Cash flows from operating activities:

        

Depreciation and amortization

 $215  $379 

Stock-based compensation

  19   145 

Impairment of net assets held for sale

  7,007    

Impairment of fixed assets

  1,065    

Gain on termination of lease liabilities

  (1,098)   

Gain on extinguishment of debt

  (400)   
  

March 31, 2023

 

Expected cash proceeds

 $2,723 

Less: net assets transferred

  (8,840)

Less: expected disposal costs

  (890)
Expected loss on sale of discontinued operations, before income taxes  (7,007)
Income tax expense   

Expected loss on sale of discontinued operations

 $(7,007)