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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations of the MST Franchise | The following table presents the combined results of discontinued operations of the MST Franchise:
|  | Year ended December 31,
(in thousands) |  | 2023 |  | 2022
Product sales, net |  | $ | (525) |  |  | $ | (1,844) |
Cost of goods sold |  | — |  |  | 80 |
Operating expenses: |  |  |  |
Selling, general and administrative |  | 55 |  |  | 259 |
Total operating expenses |  | 55 |  |  | 259 |
Loss from discontinued operations |  | (580) |  |  | (2,183) |
Gain on the sale of the MST Franchise |  | — |  |  | 12,918 |
Income (loss) from discontinued operations, before income taxes |  | (580) |  |  | 10,735 |
Income tax expense |  | — |  |  | — |
Net income (loss) from discontinued operations |  | $ | (580) |  |  | $ | 10,735 |
The following table presents non-cash items related to discontinued operations, which are included in the Company's consolidated statement of cash flows for the year ended December 31, 2022:
|  |  | Year ended December 31,
(in thousands) |  |  | 2022
Cash Flows From Operating Activities: |  |  |
Stock-based compensation (income) expense* |  |  | $ | (352) |
Gain on the sale of the MST Franchise |  |  | (12,918) |
Total non-cash items of discontinued operations |  |  | $ | (13,270) |
Supplemental disclosure of cash flow information: |  |  |
Amount due from sale of MST Franchise |  |  | $ | 5,000 |
*Income from stock-based compensation is related to forfeitures. The following table presents the gain on the sale of the MST Franchise:
(in thousands) |  | Year ended December 31, 2022
Cash proceeds |  | 20,000
Proceeds received in January 2023 |  | 5,000
|  | 25,000 |
Less transaction costs |  | (4,334)
Less carrying value of assets sold |  | (7,748)
Gain on sale, before income taxes |  | 12,918
Income tax expense |  | — |
Gain on sale net of tax |  | $ | 12,918 |

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