4. Disposition of SPI China (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Information related to disposal group

The assets and liabilities of SPI China are included in the captions “Current assets of discontinued operations”, “Noncurrent assets of discontinued operations”, “Current liabilities of discontinued operations” and “Noncurrent liabilities of discontinued operations”, in the accompanying balance sheets at December 31, 2017 and consist of the following:

	December 31, 2017
Assets of Discontinued Operations
Cash and cash equivalents	$	339
Restricted cash		1,017
Accounts receivable, net		33,365
Prepaid expenses and other current assets, net		13,778
Finance lease receivable, net		3,816
Other current assets		118
Total current assets		52,433
Other receivable, noncurrent		5,008
Property, plant and equipment, net		37,936
Project assets, noncurrent		11,680
Deferred tax assets, net		299
Finance lease receivable, noncurrent		5,959
Total noncurrent assets		60,882
Total assets	$	113,315
Liabilities of Discontinued Operations
Accounts payable	$	39,401
Accounts payable, related parties		4,700
Accrued liabilities		12,950
Income taxes payable		2,833
Short-term borrowings and current portion of long-term borrowings		103,248
Financing and capital lease obligations, current		26,399
Other current liabilities		23,785
Total current liabilities		213,316
Long-term borrowings, excluding current portion		2,378
Other noncurrent liabilities		755
Total noncurrent liabilities		3,133
Total liabilities	$	216,449

The following are revenues and income from discontinued operations:

	For the years ended December 31,
	2018			2017			2016
Net sales	$	4,681		$	5,945		$	25,597
Cost of goods sold		2,027			6,235			18,763
Provision for losses on contracts		–			–			18
Gross profit (loss)		2,654			(290	)		6,816
General and administrative		2,904			8,391			20,523
Sales, marketing and customer service		887			4,796			25,992
Provision for doubtful accounts, notes and other receivable		195			7,485			23,359
Impairment charges on goodwill and intangible assets		–			205			–
Impairment charges on property, plant and equipment		–			3,755			12,602
Impairment charges on project assets		–			3,354			742
Impairment charges on finance lease receivable		–			23,967			32,028
Total operating expense		3,986			51,953			115,246
Total other income (expense), net		(4,790	)		(12,188	)		(10,779	)
Loss from discontinued operations before income tax		(6,122	)		(64,431	)		(119,209	)
Income tax expense (benefit)		–			14			(270	)
Loss from discontinued operations, net of income tax	$	(6,122	)	$	(64,445	)	$	(118,939	)