Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Discontinued Operations (Tables)

v3.24.2.u1
Note 19 - Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2024
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

(in thousands)

 
   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2024

   

2023

   

2024

   

2023

 

Total Revenues

  $ 3,451     $ 7,041     $ 8,531     $ 13,891  

Cost of Goods Sold

    1,642       3,651       3,840       6,789  

Gross Profit

    1,809       3,390       4,691       7,102  
                                 

Selling, General & Administrative Expenses

    1,843       2,260       3,791       4,336  

Impairment of Assets

    47       —       47       —  

Gain on Disposal of Assets

    (16,535 )     —       (16,535 )     —  

Income from Operations

    16,454       1,130       17,388       2,766  
                                 

Interest Expense

    (503 )     (73 )     (1,143 )     (917 )

Other Income

    1       307       24       307  

Income from Discontinued Operations Before Provision for Income Taxes

    15,952       1,364       16,269       2,156  
                                 

Provision for Income Tax Benefit for Discontinued Operations

    280       —       280       —  

Net Income from Discontinued Operations

  $ 16,232     $ 1,364     $ 16,549     $ 2,156  
                                 

Net Income from Discontinued Operations per Common Share - Basic

  $ 1.77     $ 0.16     $ 1.85     $ 0.25  

Net Income from Discontinued Operations per Common Share - Diluted

  $ 1.47     $ 0.16     $ 1.53     $ 0.25  
    (in thousands)  
   

June 30, 2024

   

December 31, 2023

 

Cash

  $ 6     $ 446  

Accounts Receivable, Net

    —       550  

Inventory

    —       591  

Prepaid Expenses & Other Assets

    —       110  

Property, Equipment and Leasehold Improvements, Net

    115       676  

Intangible Assets, Net

    820       829  

Goodwill

    —       3,585  

Other Assets

    171       864  

Assets Related to Discontinued Operations

  $ 1,112     $ 7,651  
                 

Accounts Payable & Accrued Liabilities

  $ 535     $ 5,915  

Income Tax Payable

    —       8,274  

Long-Term Lease Liabilities

    —       176  

Liabilities Related to Discontinued Operations

  $ 535     $ 14,365