Discontinued operations (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations And Disposal Groups [Abstract]

Reconciliation of Major Classes of Liabilities and Summary of Revenue and Income before Income Taxes Attributable to Discontinued Operations

A reconciliation of the major classes of liabilities associated with the discontinued operations as of March 31, 2019 and December 31, 2018 is as follows:

	March 31, 2019		December 31, 2018
Environmental remediation	$	470,000	$	490,000
Income tax payable		198,000		-
	$	668,000	$	490,000

Revenue and loss before income taxes attributable to discontinued operations for the three months ended March 31, 2019 and 2018 are as follows:

	Three Months Ended March 31,
	2019			2018
Revenues	$	-		$	-
Operating expenses		1,000			47,000
Loss from discontinued operations before income taxes		(1,000	)		(47,000	)
Income tax (benefit)		(1,000	)		(12,000	)
Loss from discontinued operations, net of taxes	$	-		$	(35,000	)

Summary of Net Gain from Sale of Discontinued Operations

The net gain from sale of discontinued operations as of March 31, 2019 and 2018, was calculated as follows:

	Three Months Ended March 31,
	2019		2018
Gain from sale of discontinued operations before income taxes	$	862,000	$	862,000
Less current income tax expense		198,000		198,000
Net gain from sale of discontinued operations	$	664,000	$	664,000