Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Retail Operations

Income and expense related to discontinued retail operations and the Redneck Riviera Spirits business were as follows for the three months ended March 31, 2021 and 2020:

(Dollars in thousands)	2021		2020
	(Unaudited)		(Unaudited)
Sales	$	290	$	756
Less customer programs and excise taxes		31		187
Net sales		259		569
Cost of sales		162		386
Gross profit		97		183
Operating expenses:
Sales and marketing expenses		27		188
General and administrative expenses		16		181
Loss on disposal of property and equipment		-		73
Total operating expenses		43		442
Income (loss) from operations		54		(259	)
Other income, net
Other income		1,029		-
Gain on termination of license agreement		2,850		-
Total other income, net		3,879		-
Net income (loss)	$	3,933	$	(259	)

Assets and liabilities related to discontinued retail operations and the Redneck Riviera Spirits business were as follows:

(Dollars in thousands)	March 31, 2021			December 31, 2020
Assets	(Unaudited)
Current assets:
Inventories	$	-		$	3,833
Total current assets		-			3,833
Right-of-use assets		91			96
Other assets		4			93
Total Assets	$	95		$	4,022
Liabilities
Current liabilities:
Accounts payable	$	(13	)	$	(13	)
Current portion of lease liability		32			31
Total current liabilities		19			18
Lease liability - less current portion		63			71
Total Liabilities	$	82		$	89