Note 2 - Discontinued Operations |
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| Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
2. Discontinued Operations
During the fourth quarter of 2023 the Company decided to phase out the product business and as a consequence terminate production at the Pronode Technologies AB facilities in Kungsbacka, Sweden. Subsequently, we commenced the phase out of our TSM product business during the first quarter of 2024 through licensing of the TSM technology to strategic partners or outsourcing. In May 2024, we stopped producing TSMs and started to shut down the factory. The facility lease terminated as of September 30, 2024 and was not renewed.
The Company concluded that the termination of TSM manufacturing met the criteria for discontinued operations. As a result, this business has been reclassified to discontinued operations in these condensed consolidated financial statements for all periods presented.
Assets and Liabilities of Discontinued Operations
Assets and liabilities of discontinued operations are presented separately in the condensed consolidated balance sheets for all periods presented. On June 30, 2026 and December 31, 2025, these balances consisted of assets and liabilities of the Company’s Products business.
The following table presents a reconciliation of the carrying amounts of the major classes of these assets and liabilities to the assets and liabilities of discontinued operations as presented on the Company’s condensed consolidated balance sheets (in thousands):
Income (Loss) from Discontinued Operations
Discontinued operations for the three and six months ended June 30, 2026 and 2025, respectively, consists of results from the Company’s products business.
The following table provides details about the major classes of line items constituting “Income (loss) from discontinued operations” as presented on the Company’s condensed consolidated statements of operations (in thousands):
Cash Flows Information
There were no amounts recorded for depreciation, amortization, capital expenditures or significant operating and investing noncash items of discontinued operations for the three and six months ended June 30, 2026 and 2025, respectively.
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