Discontinued Operations (Tables)

9 Months Ended

Jul. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities of Discontinued Operations

The results of operations from the discontinued business for the three and nine months ended July 31, 2017 and 2016 are as follows (in thousands):

	For the Three Months Ended						For the Nine Months Ended
	July 31,						July 31,
	2017			2016			2017			2016
Revenues	$	143		$	315		$	558		$	1,318
Expenses		176			1,085			1,007			2,169
Loss from discontinued operations	$	(33	)	$	(770	)	$	(449	)	$	(851	)
Gain on sale of discontinued operations	$	100		$	-		$	100		$	-

The assets and liabilities related to the discontinued operations as of July 31, 2017 and October 31, 2016 are as follows (in thousands):

	July 31, 2017		October 31, 2016
	(Unaudited)
Current assets related to discontinued operations
Accounts receivable	$	-	$	113
Capitalized software development costs and license fees		-		50
	$	-	$	163
Current liabilities related to discontinued operations
Accounts payable and accrued expenses	$	-	$	810
	$	-	$	810

The cash flows from the discontinued business for the nine months ended July 31, 2017 and 2016 are as follows (in thousands):

	For the nine months ended July 31,
	2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss from discontinued operations		(349	)		(851	)
Adjustments to reconcile net loss from discontinued operations to net cash used in discontinued operating activities:
Depreciation and amortization		11			21
Stock based compensation expense		1,118			994
Amortization of capitalized software development costs and license fees		50			150
Gain on sale of Majesco Sub		(100	)		-
Changes in operating assets and liabilities:
Accounts receivable		113			107
Capitalized software development costs and license fees		-			(21	)
Accounts payable and accrued expenses		(810	)		(218	)
Payable to Zift		-			(19	)
Net cash provided by discontinued operating activities		33			163
CASH FLOWS FROM INVESTING ACTIVITIES
Cash received from sale of Majesco Sub		10			-
Net cash provided by discontinued investing activities		10			-