Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.22.2.2
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities

The major classes of assets and liabilities of the entities classified as discontinued operations were as follows:

 

    September 30,     December 31,  
    2022     2021  
    (in thousands)  
Major classes of assets                
Cash and cash equivalents   $     $  
Deferred course expenses            
Discontinued operations-current assets            
Other assets     32       33  
Total major classes of assets - discontinued operations   $ 32     $ 33  
Major classes of liabilities                
Accounts payable   $ 3,297     $ 3,638  
Accrued course expenses     515       587  
Other accrued expenses     1,784       439  
Deferred revenue     5,055       5,181  
Total major classes of liabilities - discontinued operations   $ 10,651     $ 9,845  
Schedule of Discontinued Operations Income Statement

The financial results of the discontinued operations are as follows:

 

 

    2022     2021  
    Nine Months Ended
September 30,
 
    2022     2021  
    (in thousands)  
Revenue   $ -     $ 40  
Total operating costs and expenses     -       907  
(Loss) Income from discontinued operations     -       (867 )
Other expense, net     -       (80 )
Income tax benefit     -       1,118  
Net income from discontinued operations   $ -     $ 171