Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

Set forth below are the results of the discontinued operations:

(Dollars in thousands)	2022
Product revenue	$	1,799
Cost of sales		728
Research and development		398
Selling, general, and administrative		573
Other income, net		-
Income from discontinued operations before the gain on disposal and income taxes		100
Pretax gain on sale of MTI Instruments		7,751
Income tax benefit		70
Net income from discontinued operations	$	7,921

Schedule of Gain on Sale

The following table presents the gain associated with the Sale that was reported within the 2022 Annual Report.

(Dollars in thousands)

	As of April 11,
	2022
Consideration received	$	10,750
Plus: closing cash		1
Less: transaction costs		(908	)
Less: closing indebtedness		(483	)
Plus: new working capital adjustments		19
Adjusted consideration received		9,379
Cash		1
Accounts receivable, net		1,119
Inventories		888
Prepaid expense and other current assets		42
Operating lease right-of-use assets		579
Deferred tax assets		171
Property, plant and equipment, net		76
Total assets		2,876
Accounts payable		122
Accrued liabilities		547
Operating lease liability		579
Total liabilities		1,248
Net assets transferred		1,628
Gain on sale	$	7,751