Discontinued operations (Tables)

6 Months Ended

Jun. 30, 2014

A summary of the Company's assets and liabilities from discontinued operations as of June 30, 2014 and 2013 are as follows:

	June 30,		December 31,
	2014			2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	21		$	259
Accounts receivable, net		-			361
Prepaid expenses and other current assets		72			121
Total current assets from discontinued operations	$	93		$	741

LIABILITIES
CURRENT LIABILITIES:
Accounts payable	$	18		$	259
Accrued expenses and other current liabilities		4			588
Total current liabilities from discontinued operations	$	22		$	847

A summary of the Company's results from discontinued operations for the periods ended June 30, 2014 and 2013 is as follows:

	Period ended, June 30,
	2014			2013
Revenue	$	93		$	2,706
Cost of revenue		106			2,261
GROSS PROFIT (EXCESS OF COSTS OF REVENUES OVER REVENUE)		(13	)		445
Selling, general and administrative expenses		28			408
OPERATING PROFIT (LOSS)		(41	)		37
Other income , net		-			629
Income tax benefit		-			1,224
Income (loss) from discontinued operations	$	(41	)	$	1,890

- 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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