Annual report pursuant to Section 13 and 15(d)

Discontinued Operation (Tables)

v3.24.0.1
Discontinued Operation (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities, Consolidated Statements of Operations and Comprehensive Loss of Discontinued Operation
Assets and liabilities of the Lyte discontinued operation included the following:
December 31,
2023		 December 31,
2022
Accounts receivable, net $ 28  $ 123 
Inventory —  2,780 
Prepaid expenses and other current assets —  425 
Current assets of discontinued operation 28  3,328 
Property and equipment, net —  29 
Goodwill —  5,347 
Intangible assets, net —  2,524 
Right-of-use asset —  1,411 
Other assets —  77 
Non-current assets of discontinued operation —  9,388 
Accounts payable 183  421 
Accrued expenses 22  154 
Deferred revenue —  1,373 
Lease liability —  258 
Current liabilities of discontinued operation 205  2,206 
Lease liability —  1,175 
Non-current liability of discontinued operation $ —  $ 1,175 
A breakdown of the Lyte discontinued operation in the consolidated statements of operations and comprehensive loss are set forth:
Year Ended December 31,
2023 2022
Net revenues $ 7,567  $ 15,273 
Cost of revenues 8,470  13,706 
Gross profit (903) 1,567 
Operating expenses:
Sales and marketing 812  2,700 
General and administrative 1,867  2,277 
Impairment of goodwill and intangible asset 7,371  2,061 
Total operating expenses 10,050  7,038 
Operating loss (10,953) (5,471)
Other expense (income) —  2 
Total other expense —  2 
Net loss from discontinued operation $ (10,953) $ (5,469)