v3.26.1
Note 13 - Divestitures (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

Avenova

    

PhaseOne

    

Total

  

(Benefit) Provision for income taxes

   $ (40 )   $ (2 )   $ (42 )

Net income from discontinued operations, net of taxes

   $ 40     $ 2     $ 42  
   

Avenova

    

PhaseOne

    

Total

  

Net sales

   $ 433     $ 122     $ 555  

Cost of goods sold

     170       75       245  

Gross profit

     263       47       310  

Operating expenses

                        

Sales and marketing

     224       —       224  

Research and development

     —       3       3  

Total operating expenses

     224       3       227  

Operating income

     39       44       83  

Gain on divestiture

     10,700       500       11,200  

Net income from discontinued operations before income taxes

     10,739       544       11,283  

Provision for income taxes

     229       12       241  

Net income from discontinued operations, net of taxes

   $ 10,510     $ 532     $ 11,042  
   

Avenova

    

PhaseOne

    

China

NeutroPhase

 product line

    

Total

  

Operating activities:

                                

Net income from discontinued operations

   $ 10,510     $ 532     $ —     $ 11,042  

Adjustments to reconcile net income to net cash used in operating activities:

                                

Non-cash gain on divestiture

     (10,700 )     (500 )     —       (11,200 )

Changes in operating assets and liabilities:

                                

Accounts receivable

     (72 )     6       —       (66 )

Inventory

     73       43       (467 )     (351 )

Prepaid expenses and other current assets

     —       —       —       —  

Other assets

     9       —       —       9  

Accounts payable and accrued liabilities

     (252 )     (38 )     —       (290 )

Net cash (used in) provided by operating activities, discontinued operations

     (432 )     43       (467 )     (856 )
                                 

Investing activities:

                                

Proceeds from divestiture

     11,000       500       —       11,500  

Net cash provided by investing activities, discontinued operations

     11,000       500       —       11,500  
                                 

Net increase (decrease) in cash and cash equivalents, discontinued operations

   $ 10,568     $ 543     $ (467 )   $ 10,644