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10. Discontinued Operations
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
10. Discontinued Operations

Note 10 - Discontinued Operations

 

The table below summarizes unaudited financial results of discontinued operations which are comprised of the European operations from our merger with Vertro in March 2012 and the settlement of a lawsuit involving a lease with our discontinued MSA operations which resulted in a one-time credit of approximately $257,000 in March 2011.   The unaudited results for discontinued operations in the three and six months ended June 30, 2012 and 2011 are:

 

   

For the Three Months Ended

June 30,

   

For the Six Months Ended

June 30,

 
    2012     2011     2012     2011  
                                 
Revenue   $ -     $ -     $ -     $ -  
(Loss) income from discontinued operations before sale             -       (1,709 )     -  
(Loss) income from discontinued operations primarily  for European operations acquired from merger with Vertro     (155,236 )             (155,234 )        
Gain from litigation settlement in discontinued operations     -       -       -       257,136  
(Loss) income from discontinued operations   $ (155,236 )   $ -     $ (156,943 )   $ 257,136