Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Summary of Financial Information Related to Discontinued Operations

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:
 

	2023
	Neoteric		Alpha®		BIZ®			Scott's Liquid Gold®			Prell®			Total
Net sales	$	2,173	$	851	$	2,283		$	114		$	6		$	5,427
Cost of sales		1,164		284		1,577			76			72			3,173
Gross profit		1,009		567		706			38			(66	)		2,254
Operating expenses:
Advertising		-		55		1			-			-			56
Selling		342		141		436			28			-			947
General and administrative		47		22		12			22			-			103
Intangible asset amortization		14		-		12			-			-			26
Income (loss) from discontinued operations		606		349		245			(12	)		(66	)		1,122
Gain on sale of discontinued operations		1,501		1,585		692			787						4,565
Interest expense		-		-		(88	)		(18	)		-			(106	)
Income (loss) from discontinued operations	$	2,107	$	1,934	$	849		$	757		$	(66	)	$	5,581

	2022
	Neoteric		Alpha®		BIZ®			Scott's Liquid Gold®			Prell®			Total
Net sales	$	2,606	$	2,232	$	4,680		$	4,072		$	3,140		$	16,730
Cost of sales		1,265		1,312		3,437			1,838			1,977			9,829
Gross profit		1,341		920		1,243			2,234			1,163			6,901
Operating expenses:
Selling		471		529		1,467			807			832			4,106
General and administrative		-		-		-			-			14			14
Intangible asset amortization		46		-		74			-			47			167
Impairment of long-lived assets		194		-		551			-			-			745
Income (loss) from discontinued operations		630		391		(849	)		1,427			270			1,869
Loss on sale of discontinued operations		-		-		-			-			(155	)		(155	)
Interest expense		-		-		(176	)		(217	)		(54	)		(447	)
Income (loss) from discontinued operations	$	630	$	391	$	(1,025	)	$	1,210		$	61		$	1,267

The following table presents the cash flows from discontinued operations for the years ended December 31:

	2023		2022
Net cash provided by operating activities - discontinued operations	$	1,599	$	2,271
Net cash provided by investing activities - discontinued operations	$	8,243	$	480

There were no capital expenditures, depreciation expense, or significant operating and investing noncash items related to discontinued operations during the years ended December 31, 2023 and 2022, respectively.

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

	December 31, 2022
	Neoteric		Alpha®		BIZ®		Scott's Liquid Gold®		Total
Assets
Current assets:
Inventories	$	322	$	1,268	$	1,092	$	1,235	$	3,917
Intangible assets, net		113		-		231		-		344
Assets of discontinued operations	$	435	$	1,268	$	1,323	$	1,235	$	4,261

There were no assets of discontinued operations related to Prell® in the above table. There were no assets of discontinued operations related to Neoteric, Alpha®, BIZ®, Scott's Liquid Gold®, or Prell® as of December 31, 2023.

The following summarizes the carrying values of assets and the resulting in the gain on sale of discontinued operations associated with Neoteric, Alpha®, BIZ®, Scott's Liquid Gold®, and Prell® at the date of disposition:

	Year Ended December 31, 2023										Year Ended December 31, 2022
	Neoteric		Alpha®		BIZ®		Scott's Liquid Gold®		Total		Prell®			Total
Inventories	$	150	$	1,115	$	946	$	1,149	$	3,360	$	330		$	330
Trade names		59		-		145		-		204		152			152
Formulas		40		-		71		-		111		153			153
Non-compete agreement		-		-		3		-		3		-			-
Intangible assets, net		99		-		219		-		318		305			305
Proceeds from sale		1,750		2,700		1,857		1,936		8,243		480			480
Gain (loss) on sale of discontinued operations	$	1,501	$	1,585	$	692	$	787	$	4,565	$	(155	)	$	(155	)