• Filing Date: 2020-11-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
DISCONTINUED OPERATIONS (Details 2) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 0 $ 9,652 $ 13,907 $ 31,181
Cost of Revenue 0 7,220 11,056 23,419
Gross profit 0 2,432 2,851 7,762
Operating expenses        
General and administrative expenses 2 1,948 2,623 7,396
Selling and marketing expenses 0 137 210 602
Impairment of intangibles 0 0 0 1,549
Operating expenses 2 2,085 2,833 9,547
Income (loss) from operations (2) 347 18 (1,785)
Other income (expense)        
Loss on extinguishment of debt 0 (77) 0 (77)
Interest expense 0 (154) (240) (316)
Other expense 0 (216) 7 (214)
Total other (income) expense 0 (447) (233) (607)
Income (loss) from discontinued operations (2) (100) (215) (2,392)
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations (2) (100) (215) (2,392)
Global        
Revenue 0 6,205 10,510 20,260
Cost of Revenue 0 5,378 9,190 17,551
Gross profit 0 827 1,320 2,709
Operating expenses        
General and administrative expenses 0 850 1,341 2,745
Selling and marketing expenses 0 (1) 79 142
Impairment of intangibles 0 0 0 0
Operating expenses 0 849 1,420 2,887
Income (loss) from operations 0 (22) (100) (178)
Other income (expense)        
Loss on extinguishment of debt 0 (31) 0 (31)
Interest expense 0 (107) (166) (208)
Other expense 0 0 5 2
Total other (income) expense 0 (138) (161) (237)
Income (loss) from discontinued operations 0 (160) (261) (415)
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations 0 (160) (261) (415)
AOC Key Solutions        
Revenue 0 3,397 3,392 9,916
Cost of Revenue 0 1,836 1,866 5,367
Gross profit 0 1,561 1,526 4,549
Operating expenses        
General and administrative expenses 0 1,073 1,284 3,634
Selling and marketing expenses 0 138 131 412
Impairment of intangibles 0 0 0 0
Operating expenses 0 1,211 1,415 4,046
Income (loss) from operations 0 350 111 503
Other income (expense)        
Loss on extinguishment of debt 0 (46) 0 (46)
Interest expense 0 (47) (74) (108)
Other expense 0 (154) 2 (151)
Total other (income) expense 0 (247) (72) (305)
Income (loss) from discontinued operations 0 103 39 198
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations 0 103 39 198
Firestorm        
Revenue 0 50 5 1,005
Cost of Revenue 0 6 0 501
Gross profit 0 44 5 504
Operating expenses        
General and administrative expenses 2 25 (2) 1,017
Selling and marketing expenses 0 0 0 48
Impairment of intangibles 0 0 0 1,549
Operating expenses 2 25 (2) 2,614
Income (loss) from operations (2) 19 7 (2,110)
Other income (expense)        
Loss on extinguishment of debt 0 0 0 0
Interest expense 0 0 0 0
Other expense 0 (62) 0 (65)
Total other (income) expense 0 (62) 0 (65)
Income (loss) from discontinued operations (2) (43) 7 (2,175)
Income tax provision from disctontinued operations 0 0 0 0
Net income (loss) from discontinued operations $ (2) $ (43) $ 7 $ (2,175)