Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.22.1
Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 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:

 

    March 31,     December 31,  
    2022     2021  
    (in thousands)  
Major classes of assets                
Cash and cash equivalents   $     $  
Deferred course expenses            
Current assets – discontinued operations            
Other assets     33       33  
Total major classes of assets – discontinued operations   $ 33     $ 33  
Major classes of liabilities                
Accounts payable   $ 3,581     $ 3,638  
Accrued course expenses     571       587  
Other accrued expenses     286       439  
Deferred revenue     5,261       5,181  
Total major classes of liabilities – discontinued operations   $ 9,699     $ 9,845  
Schedule of Discontinued Operations Income Statement

The financial results of the discontinued operations are as follows:

 

  2022     2021  
    Three Months Ended
March 31,
 
    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