Note 5 - Discontinued Operations

3 Months Ended

Mar. 31, 2021

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note

– Discontinued Operations

Heat Waves Water Management

During

December

2019,

the Heat Waves Water Management business ceased operations. The decision to discontinue HWWM was made due to its history of net losses, declining revenues, and its failure to generate positive operating cash flow. In early

2020,

the Company began disposing of the HWWM assets and plans on selling the remaining HWWM assets during the remainder of

2021.

Dillco

Effective

November 1, 2018,

the Dillco water hauling business ceased operations for customers.

The following table represents a reconciliation of the carrying amounts of major classes of assets and liabilities disclosed as discontinued operations in the Balance Sheets:

	March 31,		December 31,
	2021		2020
Carrying amount of major classes of assets included as part of discontinued operations:
Property and equipment, net		321		321
Other assets		26		32
Total major classes of assets of the discontinued operation	$	347	$	353

Carrying amounts of major classes of liabilities included as part of discontinued operations:
Accounts payable and accrued liabilities		6		6
Other liabilities		27		34
Total liabilities included as part of discontinued operations	$	33	$	40

The following table represents a reconciliation of the major classes of line items constituting pretax loss of discontinued operations that are disclosed as discontinued operations in the Statements of Operations:

	Three Months Ended March 31,
	2021			2020

Revenue	$	-		$	-
Cost of sales		(1	)		-
Sales, general, and administrative expenses		-			-
Depreciation and amortization		(6	)		(6	)
Other expense items that are not major		(1	)		(12	)
Pretax loss of discontinued operations related to major classes of pretax profit		(8	)		(18	)
Gain on disposal		-			54
Total (loss) income on discontinued operations that is presented in the Statements of Operations	$	(8	)	$	36