Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 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 nine months ended September 30, 2021 and 2020:

(Dollars in thousands)	2021		2020
Sales	$	283	$	1,768
Less customer programs and excise taxes		31		340
Net sales		252		1,428
Cost of sales		168		901
Gross profit		84		527
Operating expenses:
Sales and marketing expenses		22		447
General and administrative expenses		32		231
Loss on disposal of property and equipment		-		76
Total operating expenses		54		754
Income (loss) from operations		30		(227	)
Other income, net
Other income		989		-
Gain on termination of license agreement		2,850		-
Total other expense, net		3,839		-
Net income (loss)	$	3,869	$	(227	)

 

(Dollars in thousands)	September 30, 2021			December 31, 2020
Assets
Current assets:
Inventories	$	-		$	3,833
Total current assets		-			3,833
Right-of-use assets		74			96
Other assets		-			93
Total Assets	$	74		$	4,022
Liabilities
Current liabilities:
Accounts payable	$	(13	)	$	(13	)
Current portion of lease liability		33			31
Total current liabilities		20			18
Lease liability - less current portion		46			71
Total Liabilities	$	66		$	89