ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2022

ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

Schedule of assets, liabilities, intangible assets and loss from discontinued operations

The assets and liabilities of RM 101, if any, are presented separately in current assets held for sale and current liabilities held for sale, respectively, in the consolidated balance sheets at December 31, 2022 and 2021, and consist of the following (in thousands):

	December 31, 2022		December 31, 2021
Trade receivables	$	—	$	1,327
Inventories		—		3,737
Prepaid expenses and other current assets		—		944
Property, plant and equipment		—		10,036
Intangible assets		—		3,304
Current assets held for sale	$	—	$	19,348
Accounts payable	$	—	$	1,207
Accrued compensation		—		439
Other accrued liabilities		—		109
Current liabilities held for sale	$	—	$	1,755

The loss from discontinued operations, net of tax presented in the consolidated statement of operations for the year ended December 31, 2022 and the period February 8, 2021 (date of inception) to December 31, 2021 consists of the following (in thousands):

			Period February 8, 2021 (date of
	Year Ended		inception) to
	December 31,		December 31,
	2022		2021
Net sales	$	10,843	$	676
Cost of goods sold		8,129		487
Gross profit		2,714		189
Selling, general and administrative expenses		3,451		388
Research and development expenses		437		20
Impairment on remeasurement or classification as held for sale		4,541		48,887
Loss on sale of net assets held for sale		239		—
Loss from discontinued operations before other income		(5,954)		(49,106)
Interest expense		(12)		—
Other income		23		—
Loss from discontinued operations before income tax		(5,943)		(49,106)
Income tax expense		(14)		—
Loss from discontinued operations, net of tax	$	(5,957)	$	(49,106)