DISCONTINUED OPERATIONS (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

The assets of the discontinued operations classified as held for sale are as follows:

On August 31, 2021, the Company entered into a purchase agreement with Winport Holdings, LLC for the sale of the Company’s real and personal property located in Hector, Minnesota including the lease with Oldcastle for $900,000. The Company recorded a $100,000 impairment loss on these assets in order to write down the assets to the fair value less the costs to sell and recorded the assets as held for sale at September 30, 2021. The assets of the discontinued operations classified as held for sale are as follows:

		September 30, 2021		December 31, 2020
Cash and cash equivalents	$	—	$	303,000
Trade accounts receivable		—		5,775,000
Inventories		—		8,561,000
Other current assets		—		439,000
Total current assets	$	—	$	15,078,000
Property, plant, and equipment	$	846,000	$	1,154,000
Right of use asset				129,000
Total noncurrent assets	$	846,000	$	1,283,000
Total assets held for sale	$	846,000	$	16,361,000
Accounts payable	$	—	$	1,669,000
Accrued compensation and benefits		—		767,000
Operating lease liability		—		86,000
Other accrued liabilities		—		1,206,000
Total current liabilities	$	—	$	3,728,000
Operating lease liability	$	—	$	30,000
Total noncurrent liabilities	$	—	$	30,000
Total liabilities held for sale	$	—	$	3,758,000

The financial results of the discontinued operations are as follows:

The financial results of the discontinued operations are as follows:

	Three Months Ended September 30				Nine Months Ended September 30
	2021		2020		2021		2020
Sales	$	2,806,000	$	9,067,000	$	20,478,000	$	30,354,000
Cost of sales		1,789,000		5,027,000		11,774,000		17,894,000
Selling, general and administrative expenses		1,044,000		2,848,000		7,090,000		10,310,000
Transaction costs		982,000		—		2,141,000		—
Impairment loss		100,000		—		100,000		—
Restructuring expenses		1,287,000		194,000		1,287,000		958,000
Gain on sale of assets		(13,455,000)		(19,000)		(13,455,000)		(2,057,000)
Foreign currency translation loss		642,000		—		642,000		—
Other expense		4,000		61,000		61,000		317,000
Operating income before income taxes		10,413,000		956,000		10,838,000		2,932,000
Income tax expense		2,000		(5,000)		2,000		—
Income from discontinued operations	$	10,411,000	$	961,000	$	10,836,000	$	2,932,000

The financial results of the discontinued operations are as follows:

	Year Ended December 31
	2020			2019
Sales	$	3,024,000		$	18,879,000
Cost of sales		2,167,000			12,965,000
Selling, general and administrative expenses		520,000			2,684,000
Restructuring expenses		960,000			—
(Gain) loss on sale of assets		(2,247,000	)		(2,990,000	)
Other income		—			—
Operating income before income taxes		1,624,000			6,220,000
Income tax expense		—			2,000
Income (loss) from discontinued operations	$	1,624,000		$	6,218,000

The assets and liabilities of this discontinued operation that are classified as held for sale are as follows:

The assets and liabilities of this discontinued operation that are classified as held for sale are as follows:

		December 31, 2020		December 31, 2019
Trade accounts receivable	$	—	$	2,235,000
Inventories		—		3,009,000
Other current assets		—		93,000
Total current assets	$	—	$	5,337,000
Property, plant, and equipment	$	—	$	883,000
Total noncurrent assets	$	—	$	883,000
Total assets held for sale	$	—	$	6,220,000
Accounts payable	$	—	$	1,111,000
Other accrued liabilities		—		82,000
Total liabilities held for sale	$	—	$	1,193,000