| Disposal Groups, Including Discontinued Operations |
The financial results of PWSH are presented as income (loss) from discontinued operations, net of income taxes on our condensed consolidated statement of operations for the three and six months ended June 30, 2025. The following table presents financial results of PWSH:
| | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2025 | | Revenue, net | $ | 8,091 | | | $ | 15,185 | | Cost of revenue | 4,425 | | | 8,060 | | | | | | | | | | Operating expenses | 8,456 | | | 16,920 | | Government subsidies received | 801 | | | 814 | | | Interest income and other, net | 39 | | | 99 | | | Loss before income taxes | (3,950) | | | (8,882) | | Provision for income taxes | 395 | | | 668 | | | Net loss from discontinued operations | (4,345) | | | (9,550) | | | Net loss attributable to non-controlling interests and redeemable non-controlling interest | 218 | | | 477 | | | Net loss from discontinued operations attributable to Pixelworks, Inc. | $ | (4,127) | | | $ | (9,073) | |
The following table summarizes the carrying amounts of the major classes of assets and related liabilities classified as held for sale in discontinued operations: | | | | | | | | | Year Ended | | December 31, 2025 | | | | Assets: | | | | | Cash and cash equivalents | $ | 6,824 | | | | | Accounts receivable, net | 4,481 | | | | Inventories | 3,484 | | | | Prepaid expenses and other current assets | 1,136 | | | | | Property and equipment, net | 3,530 | | | | Operating lease right-of-use assets | 375 | | | | | Other assets, net | 185 | | | | | Goodwill | 18,407 | | | | Total current assets | 38,422 | | | | | | | | | | | | | | | | | | | | Total long-term assets | — | | | | | Total assets | $ | 38,422 | | | |
| | | | | | | | | Year Ended | | December 31, 2025 | | | | Liabilities: | | | | | Accounts payable | $ | 720 | | | | | Accrued liabilities and current portion of long-term liabilities | 1,941 | | | | | Short-term line of credit | 2,145 | | | | Deposit liability | 12,672 | | | | Current portion of income taxes payable | 429 | | | | Operating lease liabilities, net of current portion | 98 | | | | | | | | Total current liabilities | 18,005 | | | | | | | | | | | | | | | | | | | | Total long-term liabilities | — | | | | | Total liabilities | $ | 18,005 | | | |
The following table presents significant non-cash items and capital expenditures of discontinued operations for the periods presented: | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2025 | | Depreciation and amortization | $ | 480 | | | $ | 1,196 | | | Stock-based compensation | 245 | | | 574 | | | | | | | Purchases of property and equipment | (193) | | | (209) | | | | | |
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