Discontinued operations (Tables)

6 Months Ended

Jun. 30, 2013

A summary of the Company's assets and liabilities from discontinued operations as of June 30, 2013 and 2012 are as follows:

	June 30,		December 31,
	2013		2012
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	412	$	44
Accounts receivable, net		440		730
Prepaid expenses and other current assets		56		31
Total current assets from discontinued operations		908		805
Property and equipment, net		-		4
Total assets from discontinued operations	$	908	$	809

LIABILITIES
CURRENT LIABILITIES:
Accounts payable	$	100	$	103
Accrued expenses and other current liabilities		422		406
Income taxes payable		90		1,937
Total current liabilities from discontinued operations	$	612	$	2,446

A summary of the Company's results from discontinued operations for the periods ended June 30, 2013, and 2012 is as follows:

	Period ended, June 30,
	2013		2012
Revenue	$	1,807	$	4,006
Cost of revenue		1,399		4,201
GROSS PROFIT (EXCESS OF COSTS OF REVENUES OVER REVENUE)		408		(195	)
Selling, general and administrative expenses		266		754
OPERATING PROFIT (LOSS)		142		(949	)
Other income , net		624		(30	)
Income tax benefit		1,224		-
Income (loss) from discontinued operations	$	1,990	$	(979	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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