Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.23.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Certain Selected Components of Discontinued Operations
The following table summarizes certain selected components of discontinued operations for the spun-off entity:

Three Months Ended March 31, 2023 Three Months Ended March 31, 2022
Revenues $ 1,620  $ 2,582 
Cost of Revenues 483  589
Gross Profit 1,137  1,993 
Operating Expenses
Research and development 1,514  1,961 
Sales and marketing 988  1,107 
General and administrative 1,644  1,446 
Earnout compensation benefit —  (2,827)
Acquisition related costs —  6
Transaction costs 1,043  — 
Amortization of intangibles 805  975 
Total Operating Expenses 5,994  2,668 
Loss from Operations (4,857) (675)
Other Income (Expense)
Interest (expense)/income, net 1  1
Total Other Income (Expense) 1  1
Loss from discontinued operations, before tax (4,856) (674)
Income tax provision $ —  (100)
Loss from discontinued operations, net of tax (4,856) (774)
The following table summarizes certain assets and liabilities of discontinued operations:

As of December 31, 2022
Current Assets of Discontinued Operations
Cash and cash equivalents $ 10,000 
Accounts receivable 1,338 
Prepaid expenses and other current assets 923 
Current Assets of Discontinued Operations $ 12,261 
Long Term Assets of Discontinued Operations
Property and equipment, net $ 202 
Operating Lease Right-of-Use Asset, net 681 
Software development costs, net 487 
Intangible assets, net 19,289 
Other Assets 52 
Long Term Assets of Discontinued Operations $ 20,711 
Current Liabilities of Discontinued Operations
Accounts payable $ 1,054 
Accrued liabilities 1,736 
Operating lease obligation, current 266 
Deferred revenue 2,162 
Current Liabilities of Discontinued Operations $ 5,218 
Long Term Liabilities of Discontinued Operations
Operating lease obligation, noncurrent $ 444 
Other Liabilities, noncurrent 28 
Long Term Liabilities of Discontinued Operations $ 472