Discontinued Operations

12 Months Ended

Dec. 31, 2011

Discontinued Operations [Abstract]

Discontinued Operations

14. Discontinued Operations

In July 2008, we and our Board of Directors made the decision to divest the operations of our subsidiary, Prima Bottled Water, Inc. (“Prima”) formerly Primo To Go, LLC.  As a result, the related assets, liabilities and results of the operations of Prima are accounted for as discontinued operations.  In December 2009, we completed the divesture by distributing the stock in Prima to existing shareholders of Primo.  Each shareholder received a number of shares in Prima based upon such shareholder's proportionate ownership of our Series A, Series C and common stock on an as converted basis as of the date of distribution. This transaction is reflected as a dividend of subsidiary stock in the statement of stockholders' equity (deficit) in the amount of $2,050, the book value of the net assets of Prima as of the distribution date.

Net sales and operating results classified as discontinued operations were as follows:

	Year Ended December 31, 2009
Net sales	$	561
Cost of sales		428
Gross profit		133
Selling, general and administrative expenses		1,313
Impairment of assets held for sale		2,407
Operating loss		(3,587	)
Interest expense, net		63
Loss from discontinued operations, before income taxes		(3,650	)
Provision for income taxes		–
Loss from discontinued operations	$	(3,650	)