Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2023

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 Condensed Consolidated Statements of Operations for the three months ended March 31:

	Three Months Ended March 31, 2023
	Prell®		Scott's Liquid Gold®			Total
Net sales	$	-	$	187		$	187
Cost of sales		-		95		$	95
Gross profit		-		92			92
Operating expenses:
Selling		-		28			28
General and administrative		-		22			22
Operating income from discontinued operations		-		42			42
Interest expense		-		(18	)		(18	)
Gain on sale of discontinued operations		-		787			787
Income from discontinued operations	$	-	$	811		$	811

	Three Months Ended March 31, 2022
	Prell®			Scott's Liquid Gold®			Total
Net sales	$	838		$	1,223		$	2,061
Cost of sales		496			474		$	970
Gross profit		342			749			1,091
Operating expenses:
Selling		290			289			579
Intangible asset amortization		12			-			12
Operating income from discontinued operations		40			460			500
Interest expense		(14	)		(54	)		(68	)
Income from discontinued operations	$	26		$	406		$	432

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

	March 31, 2023		December 31, 2022
Assets
Current assets:
Inventories	$	-	$	1,235
Total assets	$	-	$	1,235

All assets in the above table are related to the discontinued operations of Scott's Liquid Gold®. There were no assets related to Prell® as of March 31, 2023 and December 31, 2022, respectively.