ASSETS AND LIABILITIES HELD FOR SALE

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

ASSETS AND LIABILITIES HELD FOR SALE

5. ASSETS AND LIABILITIES HELD FOR SALE

On June 13, 2023, the Company entered into a definitive agreement to sell all of its SaaS operating assets and liabilities to SW Sales for $6,500, including $4,750 of cash due upon closing. The operations of the SaaS business have been presented within discontinued operations. Upon completion of the sale of assets to SW Sales, in which the buyer assumed all liabilities related to the SaaS business, the Company recorded an impairment of $5,441 within loss from discontinued operations as the carrying amount of the net assets exceeded the sale price, less selling costs.

The assets and liabilities held for sale were as follows as of December 31, 2022:

	December 31, 2022
Assets:
Accounts receivable, net	$	1,024
Prepaids and other current assets		299
Goodwill		9,581
Other long-lived assets		886
Assets held for sale	$	11,790
Liabilities:
Accounts payable	$	663
Contract liabilities		1,340
Accrued liabilities		480
Liabilities related to assets held for sale	$	2,483

The following information presents the net revenues and net loss of the SaaS business for the years ended December 31, 2023 and 2022:

	Years Ended December 31,
	2023			2022
Net revenues	$	3,814		$	9,427
Net loss	$	(7,150	)	$	(21,479	)