Components of (Loss) Income from Discontinued Operations |
The key components of income/(loss) from discontinued operations were as follows: | | | | | | | | | | | | | | Year Ended December 31, | | 2011 | | 2012 | | 2013 | Net revenues | $ | 6,831,779 |
| | $ | 5,971,452 |
| | $ | 2,196,732 |
| Cost of revenues | 4,310,423 |
| | 4,179,552 |
| | 2,098,413 |
| Operating expenses | 895,508 |
| | 574,446 |
| | 229,745 |
| Income/(loss) before income taxes | 1,625,848 |
| | 1,217,454 |
| | (131,426 | ) | Allocated tax expense/(benefit) | 489,247 |
| | 462,175 |
| | (54,154 | ) | Operating income/(loss) from discontinued operations | 1,136,601 |
| | 755,279 |
| | (77,272 | ) | Gain on sale, net of $1.5 million of related income taxes | — |
| | — |
| | 3,391,451 |
| Income from discontinued operations, net of income taxes | $ | 1,136,601 |
| | $ | 755,279 |
| | $ | 3,314,179 |
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