| Discontinued Operations |
24. Discontinued Operations
The assets and liabilities associated with discontinued operations were as follows for December 31, 2024, and December 31, 2023:
| Schedule of discontinued operations |
|
|
|
|
|
|
|
|
| |
|
December 31,
2024 |
|
|
December 31,
2023 |
|
| ASSETS OF DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
|
| Current assets of discontinued operations: |
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
- |
|
|
$ |
362 |
|
| Accounts receivable, net |
|
|
- |
|
|
|
128 |
|
| Contract assets |
|
|
- |
|
|
|
12 |
|
| Inventories |
|
|
- |
|
|
|
2,512 |
|
| Prepaid expenses and Other current assets |
|
|
- |
|
|
|
1,416 |
|
| Total current assets of discontinued operations |
|
|
- |
|
|
|
4,430 |
|
| Non-current assets: |
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
|
- |
|
|
|
716 |
|
| Right-of-use assets |
|
|
- |
|
|
|
59 |
|
| Other non-current assets |
|
|
- |
|
|
|
66 |
|
| Total non-current assets of discontinued operations |
|
|
- |
|
|
|
841 |
|
| Total assets of discontinued operations |
|
$ |
- |
|
|
$ |
5,271 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES OF DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
|
| Current liabilities of discontinued operations: |
|
|
|
|
|
|
|
|
| Trade and other payables |
|
$ |
- |
|
|
$ |
1,091 |
|
| Deferred income from grants, current |
|
|
- |
|
|
|
7 |
|
| Contract liabilities |
|
|
- |
|
|
|
1,601 |
|
| Other current liabilities |
|
|
- |
|
|
|
881 |
|
| Operating lease liabilities |
|
|
- |
|
|
|
48 |
|
| Total current liabilities of discontinued operations |
|
|
- |
|
|
|
3,628 |
|
| Non-current liabilities of discontinued operations: |
|
|
|
|
|
|
|
|
| Long-term operating lease liabilities |
|
|
- |
|
|
|
12 |
|
| Other long-term liabilities |
|
|
- |
|
|
|
683 |
|
| Total non-current liabilities of discontinued operations |
|
|
- |
|
|
|
695 |
|
| Total liabilities of discontinued operations |
|
$ |
- |
|
|
$ |
4,323 |
|
The following table summarizes the Company’s loss from discontinued operations for the years ended December 31, 2024, and December 31, 2023:
| |
|
|
|
|
|
|
|
|
| |
|
Years Ended
December 31, |
|
| |
|
2024 |
|
|
2023 |
|
| Revenue, net |
|
$ |
728 |
|
|
$ |
3,323 |
|
| Cost of revenues |
|
|
(716 |
) |
|
|
(11,322 |
) |
| Gross profit (loss) |
|
|
12 |
|
|
|
(7,999 |
) |
| Income from grants |
|
|
310 |
|
|
|
922 |
|
| Research and development expenses |
|
|
- |
|
|
|
(4,546 |
) |
| Administrative and selling expenses |
|
|
(4,311 |
) |
|
|
(3,643 |
) |
| Amortization of intangible assets |
|
|
- |
|
|
|
(435 |
) |
| Credit loss – customer contracts |
|
|
- |
|
|
|
(222 |
) |
| Impairment losses |
|
|
142 |
|
|
|
(3,705 |
) |
| Operating loss from discontinued operations |
|
|
(3,847 |
) |
|
|
(19,628 |
) |
| Finance income / (expenses), net |
|
|
- |
|
|
|
(29 |
) |
| Foreign exchange gains / (losses), net |
|
|
(1,597 |
) |
|
|
(4 |
) |
| Net gains / (losses) on disposal |
|
|
(5,536 |
) |
|
|
- |
|
| Other income / (expenses), net |
|
|
- |
|
|
|
(33 |
) |
| Income taxes effect on discontinued operations |
|
|
- |
|
|
|
(801 |
) |
| Income (loss) from discontinued operations |
|
|
(10,980 |
) |
|
|
(20,495 |
) |
| Other comprehensive income/(loss) |
|
|
(83 |
) |
|
|
380 |
|
| Comprehensive loss from discontinued operations |
|
|
(11,063 |
) |
|
|
(20,115 |
) |
|