Discontinued Operations, Sale of the Cold-EEZE® Business (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Proceeds from Sale of Business

The net proceeds received from the sale of the Cold-EEZE^® Business were as follows (in thousands):

	Amount
Gross consideration from the sale of the Cold-EEZE® Business	$	50,000
Closing and transaction costs		(4,175	)
Net proceeds from sale of the Cold-EEZE® Business		45,825
Book value of assets sold		(13	)
Gain on sale of the Cold-EEZE® Business before income taxes		45,812
Income tax expense		(3,511	)
Gain on sale of the Cold-EEZE® Business after income taxes	$	42,301
Net proceeds:
Cash paid at closing, net of closing and transaction costs	$	43,145
Proceeds due on sale of assets, cash held in escrow		5,000
	$	48,145

Schedule of Operating Results of Discontinued Operations

The following table sets forth the operating results of our discontinued operations for Fiscal 2018 and 2017, respectively, (in thousands):

	For the Years ended
	December 31, 2018		December 31, 2017
Net sales	$	-	$	4,687
Cost of sales		-		2,037
Sales and marketing		-		1,720
Administration		-		348
Research and development		-		52
Income from discontinued operations	$	-	$	530