Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.23.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Financial Results of Discontinued Operation

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

 

    December 31,     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   $ 3,332     $ 3,638  
Accrued course expenses     526       587  
Other accrued expenses     390       439  
Deferred revenue     4,995       5,181  
Total major classes of liabilities - discontinued operations   $ 9,243     $ 9,845  

 

The financial results of the discontinued operations are as follows:

 

    2022     2021  
    Years Ended December 31,  
    2022     2021  
    (in thousands)  
Revenue   $ -     $ 40  
Total operating costs and expenses             907  
Income (loss) from discontinued operations             (867 )
Other income (expense), net             (80 )
Income tax benefit (expense)             1,118 )
Net income from discontinued operations   $ -     $ 171