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Discontinued Operation
6 Months Ended
Jun. 30, 2012
Discontinued Operation  
Discontinued Operation

NOTE 4 — Discontinued Operation

 

The results of operations for our Gateway facility are being reported as a discontinued operation and accordingly, the accompanying consolidated financial statements have been reclassified to report separately the operating results of this discontinued operation.

 

Summarized results of operations for our Gateway facility are as follows:

 

 

 

Three months
ended
June 30, 2011

 

Six months
ended
June 30, 2011

 

Revenues

 

$

2,000

 

$

2,000

 

Loss from discontinued operation before income taxes

 

 

(105,000

)

Income tax benefit of discontinued operation

 

 

37,000

 

Loss from discontinued operation

 

 

(68,000

)

 

There were no results of operations for our Gateway facility for the six months ended June 30, 2012.  Additionally, there were no assets or liabilities of the discontinued operation in the consolidated balance sheet as of June 30, 2012 or December 31, 2011.