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Disposals and Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2020
Discontinued Operations And Disposal Groups [Abstract]  
Summary of Net Income or Loss from Discontinued Operations Below is a summary of the net income or loss from discontinued operations that is shown as a single line item for the years ended December 31, 2020 and 2019:

 

 

 

Twelve months ended

December 31,

 

 

 

2020

 

 

2019

 

REVENUE

 

$

12,482

 

 

$

12,094

 

Cost of goods sold

 

 

(8,057

)

 

 

(7,758

)

Gross profit

 

 

4,425

 

 

 

4,336

 

OPERATING EXPENSES

 

 

 

 

 

 

 

 

Selling and marketing expenses

 

 

3,899

 

 

 

5,274

 

Depreciation and amortization

 

 

472

 

 

 

692

 

Total operating expenses

 

 

4,371

 

 

 

5,966

 

Income (loss) from operations

 

 

54

 

 

 

(1,630

)

Interest expense

 

 

(109

)

 

 

 

Goodwill impairment

 

 

 

 

 

(1,092

)

Gain on sale of subsidiaries

 

 

13,454

 

 

 

 

Net income (loss) before income taxes

 

 

13,399

 

 

 

(2,722

)

Income tax expense

 

 

(412

)

 

 

(411

)

Net income (loss) after income tax expense

 

$

12,987

 

 

$

(3,133

)

 

Summary of Cash Flows Generated by Discontinued Operations

Cash flows generated by the discontinued operations are reported as single line items in each section of the condensed consolidated interim statements of cash flows and are summarized as follows:

 

 

 

Year ended December 31,

 

 

 

2020

 

 

2019

 

Net cash provided by (used in) operating activities

 

$

(627

)

 

$

2,005

 

Net cash provided by (used in) investing activities

 

 

(1,679

)

 

 

2,073

 

Net cash provided by financing activities

 

 

3,503

 

 

 

 

Cash flows from discontinued operations

 

$

1,197

 

 

$

4,078