Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]

Summary of Financial Information Related to Discontinued Operations

A summary of financial information related to our discontinued operations is as follows:

Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations in the Consolidated Statements of Operations for the years ended December 31:

	2022
	Prell®			Dryel®		Total
Net sales	$	3,140		$	-	$	3,140
Cost of sales		2,006			-		2,006
Gross profit		1,134			-		1,134
Operating expenses:
Selling		831			-		831
General and administrative		14			-		14
Intangible asset amortization		18			-		18
Income from discontinued operations, before tax		271			-		271
Interest expense		(54	)		-		(54	)
Loss on sale of discontinued operations		(155	)		-		(155	)
Income from discontinued operations, net of tax	$	62		$	-	$	62

	2021
	Prell®			Dryel®			Total
Net sales	$	3,339		$	2,827		$	6,166
Cost of sales		2,277			1,482			3,759
Gross profit		1,062			1,345			2,407
Operating expenses:
Selling		841			625			1,466
General and administrative		-			34			34
Intangible asset amortization		309			492			801
Impairment of goodwill and intangible assets		2,244			-			2,244
Loss from discontinued operations, before tax		(2,332	)		194			(2,138	)
Interest expense		(32	)		(398	)		(430	)
Income tax benefit		71			185			256
Loss on sale of discontinued operations		-			(834	)		(834	)
Loss from discontinued operations, net of tax	$	(2,293	)	$	(853	)	$	(3,146	)

There were no capital expenditures or significant operating and investing noncash items related to discontinued operations during the years ended December 31, 2022 and 2021, respectively.

Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Consolidated Balance Sheets as of December 31:
 

	2022		2021
Assets
Current assets:
Inventories	$	-	$	740
Intangible assets, net		-		351
Total assets	$	-	$	1,091

All assets and liabilities in the above table are related to the discontinued operations of Prell®. There were no assets or liabilities related to Dryel® as of December 31, 2022 or 2021, respectively.

The following summarizes the carrying values of intangible assets, and the resulting loss on sale of discontinued operations associated with Prell® at the date of disposition:

Trade names	$	152
Formulas and batching processes		153
	$	305
Proceeds from sale of Prell®		150
Loss on sale of discontinued operations	$	(155	)

The following summarizes the carrying values of goodwill, intangible assets, and the resulting loss on sale of discontinued operations associated with Dryel® at the date of disposition:

Customer relationships	$	2,663
Trade names		1,064
Formulas and batching processes		488
Non-compete		12
Goodwill		1,457
	$	5,684
Proceeds from sale of Dryel®		4,850
Loss on sale of discontinued operations	$	(834	)