Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.10.0.1
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Summarized operating results for discontinued operations

   

  Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2018     2017     2018     2017  
Revenues   $ -     $ 24,650     $ 30,768     $ 76,405  
Cost of revenues, exclusive of depreciation and                                
amortization, shown separately below     -       17,407       20,482       51,606  
Gross profit             7,243       10,286       24,799  
                                 
Selling, general and administrative expenses     -       6,788       11,809       22,526  
Depreciation and amortization     -       4,158       2,008       11,031  
Impairment losses on intangible assets     -       -       5,379       -  
Total operating expenses     -       10,946       19,196       33,557  
Operating loss on discontinued operations     -       (3,703 )     (8,910 )     (8,758 )
                                 
Other (expenses) income:                                
  Interest expense     -       (1,457 )     (2,169 )     (4,535 )
  Gain on extinguishment of debt     -       -       17,297       -  
                                 
Net (loss) income on discontinued operations   $ -     $ (5,160 )   $ 6,218     $ (13,293 )

 

 

   

December 31,

2017

 
Accounts receivable, net of allowance for doubtful accounts of      
   approximately $1,917, respectively   $ 9,549  
Prepaid expenses     1,259  
Inventory     37  
Property and equipment, net     1,708  
Goodwill     3,550  
Intangible assets     23,935  
Total current assets of discontinued operations   $ 40,038  
         
Accounts payable and accrued expenses   $ 8,469  
Deferred customer revenue     2,375  
Other accrued liabilities     10,320  
Debt     13,700  
Total current liabilities of discontinued operations   $ 34,864