Major
classes of line items constituting net income (loss) from discontinued operations are as follows:
SCHEDULE OF NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Month ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Revenue - Aircraft usage | |
$ | — | | |
$ | 24 | | |
$ | — | | |
$ | 80 | |
| Revenue - Managed aircraft | |
| — | | |
| — | | |
| — | | |
| — | |
| Costs of Revenue - Aircraft usage | |
| — | | |
| 27 | | |
| — | | |
| 64 | |
| Cost of Revenue - Managed aircraft | |
| — | | |
| — | | |
| — | | |
| 1 | |
| Selling, general and administrative | |
| — | | |
| 99 | | |
| — | | |
| 306 | |
| Other income (loss) from discontinued operations | |
| 103 | | |
| 946 | | |
| 103 | | |
| 1,005 | |
| Loss from discontinued operations before provision for taxes | |
| 103 | | |
| 844 | | |
| 103 | | |
| 714 | |
| Benefit for taxes from discontinued operations | |
| — | | |
| (75 | ) | |
| — | | |
| (300 | ) |
| Net income (loss) from discontinued operations, net | |
$ | 103 | | |
$ | 919 | | |
$ | 103 | | |
$ | 1,014 | |
Carrying
amounts and major classes of assets included as part of discontinued operations are as follows:
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Accounts receivable, net | |
$ | 32 | | |
$ | 13 | |
| Prepaid and other assets | |
| — | | |
| 254 | |
| Total assets associated with discontinued operations | |
$ | 32 | | |
$ | 267 | |
Carrying
amounts and major classes of liabilities included as part of discontinued operations are as follows:
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Accounts payable and accrued liabilities | |
$ | 35 | | |
$ | 1,307 | |
| Customer deposits and deferred revenue | |
| — | | |
| 284 | |
| Total liabilities associated with discontinued operations | |
$ | 35 | | |
$ | 1,591 | |
|