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Discontinued Operations
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
In 2022, the Company concluded that its abandonment of the North America geographic region of the Edmodo business qualified for presented as discontinued operations. In 2024, the Company concluded that its sale of its holdings of capital stock of GEH Singapore also qualified for presentation as discontinued operations. In both cases, this conclusion was reached because the disposal represented a strategic shift with a major effect on the Company's operations and financial results. See further discussion at Note 2 - Summary of Significant Accounting Policies.
The following table provides a reconciliation of the Company’s net income (loss) from discontinued operations presented in the consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022. There are no interest or other corporate costs allocated to discontinued operations in financial results presented below.
Year Ended December 31
202420232022
GEH SingaporeEdmodoTotalGEH SingaporeEdmodoTotalEdmodo
Revenue$29,115 $— $29,115 $1,808 $— $1,808 $560 
Cost of revenue
25,045 — 25,045 1,237 (119)1,118 3,460 
Gross profit (loss)4,070 — 4,070 571 119 690 (2,900)
Operating expenses:
General and administrative4,494 64 4,558 355 900 1,255 1,400 
Research and development— — — — 41 41 6,224 
Sales and marketing457 — 457 11 1 12 2,113 
Total operating expenses4,951 64 5,015 366 942 1,308 9,737 
Operating profit (loss) from discontinued operations(881)(64)(945)205 (823)(618)(12,637)
Other income (expense):
Interest expense(43)— (43)(3)— (3)— 
Gain on disposition of GEH Singapore
9,255 9,255 — — — — 
Other income (expense)439 439 (3)— (3)— 
Total other income (expense)9,651 — 9,651 (6)— (6)— 


Income (loss) from discontinued operations, before income taxes
8,770 (64)8,706 199 (823)(624)(12,637)
Income tax benefit
19 — 19 19 — 19 — 
Income (loss) from discontinued operations, net of tax
8,789 (64)8,725 218 (823)(605)(12,637)
Net (loss) income attributable to non-controlling interests
(33)— (33)33 — 33 — 
Net income (loss) attributable to Mynd
$8,822 $(64)$8,758 $185 $(823)$(638)$(12,637)
During the year ended December 31, 2024, the Company disposed of its interests in GEH Singapore in its entirety and closed the remaining operations of Edmodo. As a result, the Company does not have any assets or liabilities that qualify for presentation as discontinued operations as of December 31, 2024.
The following table provides a reconciliation of the Company’s current and non-current assets and liabilities from discontinued operations presented in the consolidated balance sheet as of December 31, 2023.
December 31, 2023
GEH SingaporeEdmodoTotal
ASSETS
Current assets:
Cash and cash equivalents$3,980 $— $3,980 
Accounts receivable129 — 129 
Inventories147 — 147 
Prepaid expenses and other current assets258 — 258 
Due from related parties1,076 — 1,076 
Current assets of discontinued operations5,590 — 5,590 
Non-current assets:
Goodwill1,996 — 1,996 
Property, plant, and equipment, net4,841 — 4,841 
Intangible assets, net7,750 — 7,750 
Right-of-use assets5,078 — 5,078 
Other non-current assets2,284 — 2,284 
Non-current assets of discontinued operations21,949 — 21,949 
Total assets of discontinued operations27,539 — 27,539 
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:

Accounts payable458 — 458 
Accrued expenses and other current liabilities3,864 163 4,027 
Contract liabilities106 — 106 
Lease liabilities, current2,794 — 2,794 
Due to related parties19 — 19 
Current liabilities of discontinued operations7,241 163 7,404 
Non-current liabilities:
Lease liabilities, non-current2,382 — 2,382 
Other non-current liabilities4,251 — 4,251 
Deferred tax liabilities1,317 — 1,317 
Total non-current liabilities7,950 — 7,950 
Total liabilities of discontinued operations$15,191 $163 $15,354