|
11. DISCONTINUED OPERATIONS
During the second quarter ended June 30, 2011, management committed to a plan to sell certain assets and the operations of our Springbox unit since it was not deemed to be part of our core business going forward. We anticipate completing a sale by June 30, 2012. As a result, those assets and the Springbox operating results have been reclassified to discontinued operations in the accompanying consolidated balance sheets and statements of operations. The Springbox assets of discontinued operations are as follows (in thousands):
|
|
|
September 30, |
|
December 31, |
|
|
Assets |
|
2011 |
|
2010 |
|
|
Property and equipment, net |
|
$ |
350 |
|
$ |
81 |
|
|
Intangible assets, net |
|
2,216 |
|
2,578 |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
2,566 |
|
$ |
2,659 |
|
Operating results of discontinued operations for the three and nine months ended September 30, 2011 and 2010 are as follows (in thousands):
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
|
|
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Revenues |
|
$ |
1,542 |
|
$ |
1,313 |
|
$ |
3,789 |
|
$ |
5,290 |
|
|
Cost of revenues |
|
1,303 |
|
1,187 |
|
3,502 |
|
3,819 |
|
|
Depreciation and amortization |
|
— |
|
191 |
|
374 |
|
564 |
|
|
Other operating expenses |
|
462 |
|
169 |
|
959 |
|
584 |
|
|
Income (loss) before income taxes |
|
(223 |
) |
(234 |
) |
(1,046 |
) |
323 |
|
|
Provision (benefit) for income taxes |
|
(89 |
) |
(94 |
) |
(418 |
) |
129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from discontinued operations |
|
$ |
(134 |
) |
$ |
(140 |
) |
$ |
(628 |
) |
$ |
194 |
| |