The
components of the loss from discontinued operations for the six and three months ended June 30, 2025, in the consolidated statements
of income consisted of the following:
SCHEDULE OF DISCONTINUED OPERATIONS
| | |
For the six
months ended June 30,
2025 | | |
For the three
months ended June 30,
2025 | |
| | |
| | |
| |
| Revenues | |
| 4,115 | | |
| 1,911 | |
| | |
| | | |
| | |
| Costs and Expenses: | |
| | | |
| | |
| Traffic-acquisition and related costs | |
| 4,019 | | |
| 1,830 | |
| Research and development | |
| 236 | | |
| 105 | |
| Selling and marketing | |
| 356 | | |
| 160 | |
| General and administrative | |
| 74 | | |
| 18 | |
| Depreciation and amortization | |
| 1,092 | | |
| 546 | |
| Impairment of intangible assets and goodwill (a) | |
| 3,150 | | |
| 3,150 | |
| | |
| | | |
| | |
| Operating loss | |
| 4,812 | | |
| 3,898 | |
| | |
| | | |
| | |
| Financial income, net | |
| (3 | ) | |
| (39 | ) |
| | |
| | | |
| | |
| Loss from discontinued operations before taxes | |
| 4,809 | | |
| 3,859 | |
| | |
| | | |
| | |
| Income tax benefit | |
| (128 | ) | |
| (58 | ) |
| | |
| | | |
| | |
| Net loss from discontinued operations | |
| 4,681 | | |
| 3,801 | |
| |
(a) |
As of June 30, 2025, the
Company identified indicators of impairment of the digital content reporting unit. As a result, the Company performed an impairment
test which included a quantitative analysis of the fair value of the reporting unit. The fair value was estimated using the income
approach, which is based on the present value of the future cash flows attributable to the reporting unit. The Company compared the
fair value of the reporting unit to its carrying amount. As the carrying amount exceeded the fair value, the Company recognized an
impairment loss of $3,150 which was driven mainly due to the Cortex Adverse Effect (see note 1.E) and due to a decrease in the cash
flow projections. |
|