Annual report [Section 13 and 15(d), not S-K Item 405]

Note 22 - Disposal of Assets (Tables)

v3.25.0.1
Note 22 - Disposal of Assets (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
    (in thousands)  
   

Year Ended

 
   

December 31, 2024

   

December 31, 2023

 

Total Revenues

  $ 8,531     $ 26,910  

Cost of Goods Sold

    3,840       12,914  

Gross Profit

    4,691       13,996  
                 

Selling, General & Administrative Expenses

    3,593       9,410  

Impairment of Assets

    123        

(Gain) Loss on Disposal of Assets

    (16,324 )     98  

Income from Operations

  $ 17,299     $ 4,488  
                 

Interest Expense

    (1,118 )     (1,361 )

Other Income (Expense)

    24       (31 )

Income from Discontinued Operations Before Provision for Income Taxes

  $ 16,205     $ 3,096  
                 

Provision for Income Tax Expense for Discontinued Operations

          (3,540 )

Net Income (Loss) from Discontinued Operations

  $ 16,205     $ (444 )
                 

Net Income (Loss) from Discontinued Operations per Common Share - Basic

  $ 1.91     $ (0.05 )

Net Income (Loss) from Discontinued Operations per Common Share - Diluted

  $ 1.21     $ (0.05 )
   

(in thousands)

 
   

December 31, 2023

 

Cash

  $ 446  

Accounts Receivable, Net

    550  

Inventory

    591  

Prepaid Expenses and Other Assets

    110  

Property, Equipment and Leasehold Improvements, Net

    676  

Intangible Assets, Net

    829  

Goodwill

    3,585  

Other Assets

    864  

Assets Related to Discontinued Operations

  $ 7,651  
         

Accounts Payable and Accrued Expenses

    5,915  

Income Tax Payable

    8,274  

Long-Term Lease Liabilities

    176  

Liabilities Related to Discontinued Operations

  $ 14,365  
Blum Oakland and Blum San Leandro [Member]  
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

(in thousands)

 

Bankruptcy Filing

  $ 20,790  

Sale of Blüm Oakland and Blüm San Leandro

    1,171  

Lease Termination

    247  

Asset Write-downs

    (2,769 )

Total Gain on Disposal of Assets

  $ 19,439