The following table presents the financial results of the discontinued operations for the years ended December 31, 2013, 2012, and 2011 (in thousands):
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|
|
|
|
|
|
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|
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For the Years Ended December 31,
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2013
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|
2012
|
|
|
2011
|
|
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Net sales:
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|
|
|
|
|
|
|
|
|
|
Subscription and support revenue
|
|
$ |
881 |
|
|
$ |
976 |
|
|
$ |
1,827 |
|
|
Embedded devices and hardware
|
|
|
282 |
|
|
|
732 |
|
|
|
612 |
|
|
Total net sales
|
|
|
1,163 |
|
|
|
1,708 |
|
|
|
2,439 |
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Cost of sales, exclusive of depreciation and amortization shown below:
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|
|
|
|
|
|
|
|
|
|
|
|
|
Subscription and support revenue
|
|
|
396 |
|
|
|
403 |
|
|
|
768 |
|
|
Embedded devices and hardware
|
|
|
320 |
|
|
|
377 |
|
|
|
373 |
|
|
Gross profit
|
|
|
447 |
|
|
|
928 |
|
|
|
1,298 |
|
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Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
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Sales and marketing
|
|
|
741 |
|
|
|
420 |
|
|
|
715 |
|
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General and administrative
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|
|
212 |
|
|
|
139 |
|
|
|
120 |
|
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Engineering and development
|
|
|
99 |
|
|
|
88 |
|
|
|
84 |
|
|
Depreciation and amortization
|
|
|
13 |
|
|
|
56 |
|
|
|
79 |
|
|
Goodwill impairment
|
|
|
949 |
|
|
|
- |
|
|
|
- |
|
|
Operating (loss) income
|
|
|
(1,567 |
) |
|
|
225 |
|
|
|
300 |
|
|
Income tax (benefit) expense
|
|
|
(187 |
) |
|
|
93 |
|
|
|
6 |
|
(Loss) income from discontinued operations, net of income taxes
|
|
$ |
(1,380 |
) |
|
$ |
132 |
|
|
$ |
294 |
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The following table summarizes the assets and liabilities reported as discontinued operations for the periods presented (in thousands):
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|
|
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December 31,
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|
2013
|
|
|
2012
|
|
|
ASSETS
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
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Accounts receivable, less allowance for doubtful accounts of $600 and $16
|
|
$ |
253 |
|
|
$ |
915 |
|
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Inventory, net of reserve for obsolescence of $30 and $30
|
|
|
122 |
|
|
|
140 |
|
|
Prepaid expenses and other current assets
|
|
|
164 |
|
|
|
70 |
|
|
TOTAL CURRENT ASSETS
|
|
|
539 |
|
|
|
1,125 |
|
|
Property and equipment, net
|
|
|
9 |
|
|
|
1 |
|
|
Software, net
|
|
|
- |
|
|
|
7 |
|
|
Goodwill
|
|
|
- |
|
|
|
949 |
|
|
Other assets
|
|
|
292 |
|
|
|
202 |
|
|
TOTAL ASSETS OF DISCONTINUED OPERATIONS
|
|
$ |
840 |
|
|
$ |
2,284 |
|
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|
|
|
|
|
|
|
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|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
10 |
|
|
$ |
6 |
|
|
Accrued expenses and other current liabilities
|
|
|
171 |
|
|
|
181 |
|
|
Deferred revenue
|
|
|
26 |
|
|
|
1 |
|
|
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS
|
|
$ |
207 |
|
|
$ |
188 |
|