• Filing Date: 2020-08-03
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
DISCONTINUED OPERATIONS (Details 2) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 4,210 $ 10,913 $ 13,907 $ 21,529
Cost of Revenue 3,714 8,166 11,056 16,199
Gross profit 496 2,747 2,851 5,330
Operating expenses        
General and administrative expenses 579 2,782 2,621 5,376
Selling and marketing expenses 40 267 210 537
Impairment of intangibles   1,549 0 1,549
Operating expenses 619 4,598 2,831 7,462
Income (loss) from operations (123) (1,851) 20 (2,132)
Other income (expense)        
Interest expense (76) (83) (240) (162)
Other expense (income) 0 (2) 7 1
Total other (income) expense (76) (85) (233) (161)
Income (loss) from discontinued operations (199) (1,936) (213) (2,293)
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations (199) (1,936) (213) (2,293)
Global        
Revenue 4,205 6,997 10,510 14,055
Cost of Revenue 3,714 6,027 9,190 12,173
Gross profit 491 970 1,320 1,882
Operating expenses        
General and administrative expenses 579 924 1,341 1,895
Selling and marketing expenses 40 61 79 143
Impairment of intangibles 0 0 0 0
Operating expenses 619 985 1,420 2,038
Income (loss) from operations (128) (15) (100) (156)
Other income (expense)        
Interest expense (76) (53) (166) (101)
Other expense (income) 0 1 5 2
Total other (income) expense (76) (52) (161) (99)
Income (loss) from discontinued operations (204) (67) (261) (255)
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations (204) (67) (261) (255)
AOC Key Solutions        
Revenue 0 3,641 3,392 6,519
Cost of Revenue 0 1,939 1,866 3,531
Gross profit 0 1,702 1,526 2,988
Operating expenses        
General and administrative expenses 0 1,446 1,284 2,561
Selling and marketing expenses 0 149 131 274
Impairment of intangibles 0 0 0 0
Operating expenses 0 1,595 1,415 2,835
Income (loss) from operations 0 107 111 153
Other income (expense)        
Interest expense 0 (30) (74) (61)
Other expense (income) 0 0 2 2
Total other (income) expense 0 (30) (72) (59)
Income (loss) from discontinued operations 0 77 39 94
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations 0 77 39 94
Firestorm        
Revenue 5 275 5 955
Cost of Revenue 0 200 0 495
Gross profit 5 75 5 460
Operating expenses        
General and administrative expenses 0 412 (4) 920
Selling and marketing expenses 0 57 0 120
Impairment of intangibles 0 1,549 0 1,549
Operating expenses 0 2,018 (4) 2,589
Income (loss) from operations 5 (1,943) 9 (2,129)
Other income (expense)        
Interest expense 0 0 0 0
Other expense (income) 0 (3) 0 (3)
Total other (income) expense 0 (3) 0 (3)
Income (loss) from discontinued operations 5 (1,946) 9 (2,132)
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations $ 5 $ (1,946) $ 9 $ (2,132)