Sale of InStore Marketing Business and Presentation as Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2024

Sale of InStore Marketing Business and Presentation as Discontinued Operations

Summary of balance sheet adjustments

	September 30, 2024		December 31, 2023
Current Assets:
Accounts receivable, net	$	-	$	292,000
Current assets related to discontinued operations	$	-	$	292,000
Current Liabilities:
Accounts payable	$	-	$	7,000
Accrued sales tax		40,000		169,000
Other accrued liabilities		15,000		81,000
Current liabilities related to discontinued operations	$	55,000	$	257,000

Summary of operations adjustments

	Three Months Ended			Nine Months Ended
	September 30, 2023			September 30, 2023
Net service revenues	$	1,976,000		$	21,018,000
Cost of services		1,568,000			16,067,000
Gross Profit		408,000			4,951,000
Operating Expenses:
Selling		410,000			1,135,000
Marketing		210,000			806,000
General and administrative		142,000			642,000
Total Operating Expenses		762,000			2,583,000
Operating (Loss) Income	$	(354,000	)	$	2,368,000
Other Income		21,000			54,000
(Loss) Income from discontinued operations	$	(333,000	)	$	2,422,000
Gain from sale of discontinued operations before income taxes		3,044,000			3,044,000
Income tax expense		74,000			74,000
Gain from the sale of discontinued operations, net of tax	$	2,970,000		$	2,970,000