Discontinued Operations

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 13 – DISCONTINUED OPERATIONS

In June 2017, ATC decided that it would wind down the operations of its Power and Industrial (P&I) operation by the end of 2017 due to the loss of one of P&I’s major customers. On December 27, 2017, ATC entered into an asset purchase agreement with a third party, which was the final step in finalizing the terms of the shutdown of the P&I service line. ATC completed the sale during 2018 which resulted in an immaterial gain. No other operations were discontinued from January 1, 2019 through December 31, 2019.

The P&I service line’s activity in the combined balance sheet and combined statement of cash flows were not material. The loss from discontinued operations presented in the combined statement of operations for the three and six months ended June 30, 2020 and 2019 consisted of the following:

	Three Months Ended June 30,					Six Months Ended June 30,
	2020		2019			2020		2019
Revenues	$	-	$	-		$	-	$	-
Cost of revenues		-		(177	)		-		(177	)
Operating expenses		-		113			-		(36	)
Operating loss		-		(64	)		-		(213	)
Depreciation and amortization		-		-			-		-
Other Income/(Expense)		-		-			-		-
Loss from discontinued operations	$	-	$	(64	)	$	-	$	(213	)