Quarterly report pursuant to Section 13 or 15(d)

Aytu Divestiture (Tables)

v3.21.1
Aytu Divestiture (Tables)
 3 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Liabilities of Discontinued Operations
The following tables summarizes the liabilities of the discontinued operations as of March 31, 2021 and December 31, 2020 (in thousands):
  March 31, December 31,
  2021 2020
Liabilities    
Current liabilities:
Accrued expenses and other current liabilities $ 209  $ 1,342 
Total current liabilities of discontinued operations $ 209  $ 1,342 
The following table summarizes the results of discontinued operations for the three months ended March 31, 2021 and 2020 (in thousands):
  Three Months Ended March 31,
  2021 2020
Product revenue, net $ (5) $ (717)
Operating expenses:
Sales and marketing 101  — 
Total operating expenses 101  — 
Other income:
Change in value of Guarantee —  1,755 
Total other income —  1,755 
(Loss) income from discontinued operations, net of tax $ (106) $ 1,038 

There were no non-cash operating items from discontinued operations for the three months ended March 31, 2021 and no non-cash investing items from the discontinued operations for the three months ended March 31, 2021 and 2020. The significant non-cash operating item from the discontinued operations for the three months ended March 31, 2020 is contained below (in thousands).
  Three Months Ended March 31,
  2021 2020
Change in value of Guarantee —  $ (1,755)