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Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Major Classes of Assets and Liabilities and Results from Discontinued Operations

The major classes of assets and liabilities from discontinued operations included the following:

 

 

June 30, 2023

 

 

December 31, 2022

 

Land

 

 

 

$

734

 

Buildings & improvements

 

 

 

 

16,529

 

Office furniture & equipment

 

 

 

 

86

 

Total assets held for sale

 

 

 

$

17,349

 

 

 

 

 

 

 

Prepaid expenses and other current assets

 

509

 

 

 

571

 

Current assets from discontinued operations

$

509

 

 

$

571

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

$

1,466

 

 

$

3,747

 

Loans payable

 

 

 

 

5,364

 

Current liabilities from discontinued operations

$

1,466

 

 

$

9,111

 

The results of discontinued operations were as follows:

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

June 30, 2023

 

 

June 30, 2022

 

 

 

June 30, 2023

 

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

$

1,146

 

 

 

 

 

 

$

2,531

 

Excise and cultivation tax

 

 

 

 

(302

)

 

 

 

 

 

 

(613

)

Revenue, net

 

 

 

 

844

 

 

 

 

 

 

 

1,918

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales

 

 

 

 

1,802

 

 

 

 

 

 

 

3,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

(958

)

 

 

 

 

 

 

(1,442

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

455

 

 

 

1,056

 

 

 

 

756

 

 

 

2,184

 

Amortization and depreciation

 

 

 

 

435

 

 

 

 

48

 

 

 

878

 

Impairment of property and equipment

 

 

 

 

 

 

 

 

3,064

 

 

 

 

Total operating expenses

 

455

 

 

 

1,491

 

 

 

 

3,868

 

 

 

3,062

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from discontinued operations

 

(455

)

 

 

(2,449

)

 

 

 

(3,868

)

 

 

(4,504

)

Other expense

 

 

 

 

 

 

 

 

 

 

 

 

Finance and other expenses

 

166

 

 

 

248

 

 

 

 

344

 

 

 

449

 

Net loss from discontinued operations

$

(621

)

 

$

(2,697

)

 

 

$

(4,212

)

 

$

(4,953

)