On June 25, 2019, the Company’s officers, pursuant to delegated authority from the board, approved plans to discontinue the operations of its UK subsidiary within the body worn device segment. During the first quarter of 2020, the remaining assets and liabilities of the subsidiary were settled.

As the disposal meets the definition of a strategic shift in accordance with ASC 205, the results of the UK operations have been classified as loss from discontinued operations, in the accompanying consolidated condensed statements of operations, comprehensive (loss) income and cash flows. Current assets and liabilities of the discontinued operations have been reclassified and reflected on the accompanying consolidated condensed balance sheets as “Current assets of discontinued operations,” and “Liabilities of discontinued operations”, respectively. Prior periods relating to our discontinued operations have been reclassified to reflect consistency within our consolidated condensed financial statements. There was no income tax expense or benefit related to our discontinued operations for any period presented.

The total assets and liabilities of the UK subsidiary at December 31, 2019 were as follows:


		December 31,
		2019
Other current assets	$	80
Other accrued liabilities		77
Net assets (liabilities)	$	3

The loss on disposal of discontinued operations for the three and six months ended June 30, 2019 was computed as follows:



Cash and cash equivalents	$	5
Accounts receivable, net		72
Write-down of inventory to realizable value		278
Write-down of property, plant and equipment to salvage value		298
Other assets and liabilities, net		71
Realized loss on foreign currency		280
Net assets disposed		1,004
Additional disposal costs, net		112
Loss on disposal of discontinued operations	$	1,116

The following table shows the results of the UK subsidiary’s discontinued operations:



		Three Months Ended		Six Months Ended
		June 30, 2019		June 30, 2019
Revenue, net	$	529	$	1,068
Cost of goods sold		321		667
Gross profit		208		401
Sales and marketing		167		314
General and administrative		446		684
Total operating expenses		613		998
Loss from discontinued operations	$	(405)	$	(597)