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Discontinued Operations
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Note 10. Discontinued Operations

The table below summarizes unaudited financial results primarily for our European operations in 2012 as a result of our merger with Vertro in March 2012 and for the assets classified as held for sale which is comprised of our MSA operation in 2011. The unaudited results for discontinued operations in the three months ended March 31, 2012 and 2011 are:

 

    Three Months Ended    
    2012     2011    
Revenue   $ -     $ -    
 (Loss) income from discontinued operations before sale     (1,709)       257,136    
(Loss) income from discontinued operations   $ (1,709)     $ 257,136    

 

In 2011, we settled a lawsuit involving a lease with our discontinued MSA operations and we recorded a one-time credit of approximately $256,000 in March 2011 related to this settlement.