Schedule of Discontinued Operations Income Statement |
The
financial results of the discontinued operations are as follows:
Schedule of Discontinued Operations Income Statement
|
|
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:
Schedule
of Discontinued Operations Income Statement
|
|
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:
Schedule of Assets and Liabilities
|
|
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 |
|
|
|