As discussed in Note 1 — Description of Business and Basis of Presentation, the Ecommerce Wind-Down was substantially completed as of March 29, 2024. The Company's ecommerce operations were previously a reportable segment and the exit represents a strategic shift that had a major effect on the Company's operations and financial results. Therefore, in accordance with ASC 205, as of and for the three months ended March 31, 2024, the Company reported the ecommerce operations and used vehicle dealership business as discontinued operations.

The following table summarizes the major income and expense line items from discontinued operations as reported in the condensed consolidated statements of operations (in thousands):


	Three months ended March 31,			Period from January 15 through March 31,
	2026			2025
Revenue:
Retail vehicle, net	$	—		$	—
Wholesale vehicle		—			—
Product, net		—			(11	)
Total revenue		—			(11	)
Cost of sales:
Retail vehicle		—			—
Wholesale vehicle		—			(6	)
Total cost of sales		—			(6	)
Total gross profit (loss)		—			(5	)
Selling, general and administrative expenses		12			(234	)
Gain (loss) on disposal of long lived assets		—			130
Depreciation and amortization		—			—
Income (loss) from operations		(12	)		99
Interest expense		—			—
Interest loss		—			—
Income (loss) before provision for income taxes		(12	)		99
Provision for income taxes		—			—
Net income (loss) from discontinued operations	$	(12	)	$	99

Net income (loss) from discontinued operations for the period from January 1, 2025, to January 14, 2025, was not material.

The following table summarizes the major classes of assets and liabilities from discontinued operations as reported in the condensed consolidated balance sheets (in thousands):


	As of March 31,		As of December 31,
	2026		2025
ASSETS
Property and equipment, net	$	—	$	—
Other assets		—		46
Assets from discontinued operations	$	—	$	46
LIABILITIES
Accounts payable	$	—	$	82
Accrued expenses		223		42
Liabilities from discontinued operations	$	223	$	124