Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.20.1
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of assets and liabilities
    As of December 31,  
(in thousands)   2019     2018  
Major classes of assets            
Cash and cash equivalents   $     $ 396  
Restricted cash           714  
Deferred course expenses           1,859  
Prepaid expenses and other current assets           145  
Inventory           34  
  Discontinued operations-current assets           3,148  
Property and equipment, net           31  
Other assets           143  
Discontinued operations-other assets           174  
Total major classes of assets - discontinued operations   $     $ 3,322  
Major classes of liabilities                
Accounts payable     3,408       2,373  
Accrued course expenses     472       391  
Accrued salaries, wages and benefits           174  
Other accrued expenses     619       698  
Deferred revenue, current portion           13,186  
Total major classes of liabilities - discontinued operations   $ 4,499     $ 16,822  
Schedule of discontinued operations income statement

    Years Ended December 31,  
(in thousands)   2019     2018  
Revenue   $ 14,315     $ 17,240  
Total operating costs and expenses     15,647       17,778  
Loss from discontinued operations     (1,332 )     (538 )
Other income (expense), net     (359 )     (402 )
Gain on disposal of discontinued operations     8,300        
Net gain (loss) from discontinued operations   $ 6,609     $ (940 )

Schedule of discontinued operations cash flow

    Years Ended December 31,  
    2019     2018  
Net cash used in operating activities     (350 )     (284 )
Net cash used in investing activities     (8 )     (39 )
Net cash provided by (used in) financing activities     —         —    
Effect of exchange rate differences on cash     (752 )     (115 )
Net decrease in cash and cash equivalents and restricted cash   $ (1,110 )   $ (438 )