Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operation (Tables)

v3.25.1
Discontinued Operation (Tables)
 12 Months Ended
Dec. 31, 2024
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

 

Accounts receivable, net

 

$

28

 

Current assets of discontinued operation

 

 

28

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

183

 

Accrued expenses

 

 

22

 

Current liabilities of discontinued operation

 

 

205

 

 

A breakdown of the Lyte discontinued operation in the consolidated statements of operations and comprehensive loss are set forth below:

 

 

Year ended

 

 

December 31, 2023

 

Net revenues

 

$

7,567

 

Cost of revenues

 

 

8,470

 

Gross profit

 

 

(903

)

 

 

 

 

Operating expenses:

 

 

 

Sales and marketing

 

 

812

 

General and administrative

 

 

1,867

 

Impairment of goodwill and intangible asset

 

 

7,371

 

Total operating expenses

 

 

10,050

 

Net loss from discontinued operation

 

$

(10,953

)