General form of registration statement for all companies including face-amount certificate companies

Discontinued Operations (Tables)

v3.22.4
Discontinued Operations (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]    
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  

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

 

    December 31,     December 31,  
    2021     2020  
    (in thousands)  
Major classes of assets                
Cash and cash equivalents   $ -     $ 14  
Deferred course expenses     -       806  
Discontinued operations-current assets     -       820  
Other assets     33       34  
Total major classes of assets - discontinued operations   $ 33     $ 854  
Major classes of liabilities                
Accounts payable   $ 3,638     $ 3,698  
Accrued course expenses     587       593  
Other accrued expenses     439       1,582  
Deferred revenue     5,181       5,413  
Total major classes of liabilities - discontinued operations   $ 9,845     $ 11,286  

 

The financial results of the discontinued operations are as follows:

 

    2021     2020  
    Years Ended December 31,  
    2021     2020  
    (in thousands)  
Revenue   $ 40     $ 8,247  
Total operating costs and expenses     907       2,910  
Income (loss) from discontinued operations     (867 )     5,337  
Other income (expense), net     (80 )     2  
Income tax benefit (expense)     1,118       (1,075 )
Net income from discontinued operations   $ 171     $ 4,264  
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