Registration of securities issued in business combination transactions

DISCONTINUED OPERATIONS (Tables)

v3.21.2
DISCONTINUED OPERATIONS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]    
The financial results of the discontinued operations are as follows:

The financial results of the discontinued operations are as follows:

                         
    Three Months Ended June 30   Six Months Ended June 30
    2021   2020   2021   2020
Sales   $   $   $   $ 3,025,000
Cost of sales                 2,050,000
Selling, general and administrative expenses                 500,000
Restructuring expenses         445,000         764,000
Gain on sale of assets         122,000         (2,039,000)
Operating income before income taxes         (567,000)         1,750,000
Income tax expense         2,000         5,000
Income from discontinued operations   $   $ (569,000)   $   $ 1,745,000

The financial results of the discontinued operations are as follows:

 

                 
    Year Ended December 31  
    2020     2019  
             
Sales   $ 3,024,000     $ 18,879,000  
Cost of sales     2,167,000       12,965,000  
Selling, general and administrative expenses     520,000       2,684,000  
Restructuring expenses     960,000        
(Gain) loss on sale of assets     (2,247,000 )     (2,990,000 )
Other income            
Operating income before income taxes     1,624,000       6,220,000  
Income tax expense           2,000  
Income (loss) from discontinued operations   $ 1,624,000     $ 6,218,000  
The assets and liabilities of this discontinued operation that are classified as held for sale are as follows:  

The assets and liabilities of this discontinued operation that are classified as held for sale are as follows:

 

      December 31, 2020       December 31, 2019  
             
Trade accounts receivable   $     $ 2,235,000  
Inventories           3,009,000  
Other current assets           93,000  
Total current assets   $     $ 5,337,000  
                 
                 
Property, plant, and equipment   $     $ 883,000  
Total noncurrent assets   $     $ 883,000  
                 
Total assets held for sale   $     $ 6,220,000  
                 
                 
Accounts payable   $     $ 1,111,000  
Other accrued liabilities           82,000  
Total liabilities held for sale   $     $ 1,193,000