Quarterly report pursuant to Section 13 or 15(d)

Aytu Divestiture (Tables)

v3.21.2
Aytu Divestiture (Tables)
 9 Months Ended
Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following tables summarizes the liabilities of the discontinued operations as of September 30, 2021 and December 31, 2020 (in thousands):
  September 30, December 31,
  2021 2020
Liabilities    
Current liabilities:
Accrued expenses and other current liabilities $ 10  $ 1,341 
Total current liabilities of discontinued operations $ 10  $ 1,341 
The following table summarizes the results of discontinued operations for the three and nine months ended September 30, 2021 and 2020 (in thousands):
  Three Months Ended September 30, Nine Months Ended September 30,
  2021 2020 2021 2020
Product revenue, net $ 76  $ (198) $ 139  $ (1,370)
Operating expenses:
Sales and marketing —  —  101  — 
Total operating expenses —  —  101  — 
Other income:
Change in value of Guarantee —  —  —  1,755 
Total other income —  —  —  1,755 
Income (loss) from discontinued operations, net of tax $ 76  $ (198) $ 38  $ 385 
The significant non-cash operating item from the discontinued operations for the nine months ended September 30, 2020 is contained below (in thousands).
  Nine Months Ended September 30,
  2021 2020
Change in value of Guarantee —  $ (1,755)