Legacy Education Alliance (LEAI) 10-K 30 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 30, 2020	Jun. 30, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Legacy Education Alliance, Inc.
Entity Central Index Key	0001561880
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity shell Company	false
Entity Emerging Growth Company	false
Entity File Number	000-55790
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	NV
Entity Public Float			$ 1,718,713
Entity Common Stock, Shares Outstanding		23,162,502

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 3,839	$ 1,161
Restricted cash	2,389	4,366
Deferred course expenses	6,805	6,688
Prepaid expenses and other current assets	2,074	2,987
Inventory	47	55
Discontinued operations-current assets		3,148
Total current assets	15,154	18,405
Property and equipment, net	1,382	1,849
Right-of-use assets	122
Deferred tax asset, net	287	97
Other assets	413	35
Discontinued operations-other assets		174
Total assets	17,358	20,560
Current liabilities:
Accounts payable	2,311	2,589
Royalties payable	150	210
Accrued course expenses	576	1,092
Accrued salaries, wages and benefits	459	574
Operating lease liability, current portion	86
Other accrued expenses	1,660	1,916
Long-term debt, current portion	500	512
Deferred revenue	46,453	44,167
Discontinued operations	4,499	16,822
Total current liabilities	56,694	67,882
Long-term debt, net of current portion		8
Operating lease liability, net of current portion	27
Other liabilities		1,331
Total liabilities	56,721	69,221
Commitments and contingencies (Note 15)
Stockholders' deficit:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued
Common stock, $0.0001 par value; 200,000,000 authorized; 23,162,502 and 23,120,852 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively	2	2
Additional paid-in capital	11,552	11,470
Cumulative foreign currency translation adjustment	710	1,444
Accumulated deficit	(51,627)	(61,577)
Total stockholders' deficit	(39,363)	(48,661)
Total liabilities and stockholders' deficit	$ 17,358	$ 20,560

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	23,162,502	23,120,852
Common stock, shares outstanding	23,162,502	23,120,852

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenue	$ 75,496	$ 76,169
Operating costs and expenses:
Direct course expenses	39,854	45,628
Advertising and sales expenses	16,670	19,303
Royalty expenses	3,458	3,350
General and administrative expenses	13,870	16,429
Total operating costs and expenses	73,852	84,710
Income/(loss) from operations	1,644	(8,541)
Other income (expense):
Interest income/(expense)	(93)	(40)
Other income (expense), net	533	34
Total other income (expense), net	440	(6)
Income/(loss) from continuing operations before income taxes	2,084	(8,547)
Income tax (expense) benefit	1,257	(469)
Net income/(loss) from continuing operations	3,341	(9,016)
Gain on disposal of discontinued operations net assets	8,300
Loss from discontinued operations	(1,691)	(940)
Net income/(loss) from discontinued operations '	6,609	(940)
Net income/(loss)	$ 9,950	$ (9,956)
Basic earnings/(loss) per common share - continuing operations	$ 0.14	$ (0.39)
Basic earnings/(loss) per common share - discontinued operations	0.29	(0.04)
Basic earnings/(loss) per common share	0.43	(0.43)
Diluted earnings/(loss) per common share - continuing operations	0.14	(0.39)
Diluted earnings/(loss) per common share - discontinued operations	0.28	(0.04)
Diluted earnings/(loss) per common share	$ 0.42	$ (0.43)
Basic weighted average common shares outstanding	22,716	23,014
Diluted weighted average common shares outstanding	23,141	23,014
Comprehensive income/(loss):
Net income/(loss)	$ 9,950	$ (9,956)
Foreign currency translation adjustments, net of tax of $0	(734)	1,889
Total comprehensive income/(loss)	$ 9,216	$ (8,067)

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Foreign currency translation adjustments	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($) shares in Thousands, $ in Thousands	Common stock	Additional paid-in capital	Cumulative foreign currency translation adjustment	Accumulated deficit	Total
Balance at Dec. 31, 2017	$ 2	$ 11,299	$ (445)	$ (51,621)	$ (40,765)
Balance, shares at Dec. 31, 2017	23,008
Share-based compensation expense		171			171
Share-based compensation expense, shares
Issuance of common stock
Issuance of common stock, shares	120
Cancellation of common stock
Cancellation of common stock, shares	(7)
Foreign currency translation adjustment, net of tax of $0			1,889		1,889
Net Income/Loss				(9,956)	(9,956)
Balance at Dec. 31, 2018	$ 2	11,470	1,444	(61,577)	(48,661)
Balance, shares at Dec. 31, 2018	23,121
Share-based compensation expense		82			82
Share-based compensation expense, shares
Issuance of common stock
Issuance of common stock, shares	55
Cancellation of common stock
Cancellation of common stock, shares	(13)
Foreign currency translation adjustment, net of tax of $0			(734)		(734)
Net Income/Loss				9,950	9,950
Balance at Dec. 31, 2019	$ 2	$ 11,552	$ 710	$ (51,627)	$ (39,363)
Balance, shares at Dec. 31, 2019	23,163

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Foreign currency translation adjustments	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income/(loss)	$ 9,950	$ (9,956)
Net income/(loss) from discontinued operations	6,609	(940)
Net income/(loss) from continuing operations	3,341	(9,016)
Adjustments to reconcile net income/(loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	162	109
Non-cash lease expense	60
Gain on the sale of fixed assets	(41)
Gain on change in fair value of derivatives		(24)
Share-based compensation	82	170
Deferred income taxes	(1,512)	487
Changes in operating assets and liabilities:
Deferred course expenses	(29)	698
Prepaid expenses and other receivable	921	2,121
Inventory	8	209
Other assets	(725)	34
Accounts payable-trade	(377)	602
Royalties payable	(61)	23
Accrued course expenses	(530)	(329)
Accrued salaries, wages and benefits	(121)	(801)
Operating lease liability	(61)
Other accrued expenses	(2,395)	1,799
Deferred revenue	1,646	2,496
Net cash provided by (used in) operating activities	368	(1,422)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(192)	(488)
Purchase of investment property		(331)
Proceeds from sales of property and equipment	165
Net cash used in investing activities	(27)	(819)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on debt	(402)	(11)
Proceeds from issuance of debt	395	500
Net cash (used in) provided by financing activities	(7)	489
Effect of exchange rate differences on cash	367	(77)
Net increase (decrease) in cash and cash equivalents and restricted cash	701	(1,829)
Cash and cash equivalents and restricted cash, beginning of period	5,527	7,356
Cash and cash equivalents and restricted cash, end of period	6,228	5,527
Supplemental disclosures:
Cash paid during the period for interest	96	40
Cash paid during the period for income taxes, net of refunds received	$ 15	$ (924)

Business Description and Basis

Business Description and Basis of Presentation	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description and Basis of Presentation	Note 1—Business Description and Basis of Presentation Business Description. We are a provider of practical, high-quality, and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques. Our programs are offered through a variety of formats and channels, including free workshops, basic trainings, symposiums, forums, telephone mentoring, one-on-one mentoring, coaching and e-learning. We market our products and services under two brands: Legacy Education TM TM Homemade Investor by Tarek El Moussa Our students pay for their courses in full up-front or through payment agreements with independent third parties. Under United States of America generally accepted accounting principles ("U.S. GAAP"), we recognize revenue upon the earlier of (i) when our students take their courses or (ii) the term for taking their course expires, both of which could be several quarters after the student purchases a program and pays the fee. We recognize revenue immediately when we sell our (i) proprietary products delivered at time of sale and (ii) third party products sales. Our symposiums and forums combine multiple advanced training courses in one location, allowing us to achieve certain economies of scale that reduce costs and improve margins while also accelerating U.S. GAAP revenue recognition, while at the same time, enhancing our students' experience, particularly, for example, through the opportunity to network with other students. We also provide a richer experience for our students through one-on-one mentoring (two to four days in length, on site or remotely) and telephone mentoring (10 to 16 weekly one-on-one or one-on-many telephone sessions). Mentoring involves a subject matter expert interacting with the student remotely or in person and guiding the student, for example, through his or her first real estate transaction, providing a real hands-on experience. Our operations are managed through three operating segments: (i) North America, (ii) United Kingdom, and (iii) Other Foreign Markets. Merger Basis of Presentation. Discontinued Operations Reclassification.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2—Significant Accounting Policies Going Concern Use of Estimates. Cash and cash equivalents. Restricted cash. Deposits with credit card processors. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts in the consolidated cash flow statements: December 31, December 31, (in thousands) 2019 2018 Cash and cash equivalents $ 3,839 $ 1,161 Restricted cash 2,389 4,366 Total cash, cash equivalents, and restricted cash $ 6,228 $ 5,527 Financial Instruments. Inventory. Property, equipment and Impairment of long-lived assets. Building 40 years Residential rental properties 27.5 years Furniture, fixtures and equipment 3-7 years Purchased software 3 years Residential rental properties generate monthly income from individual tenants. Income from these properties is recognized and included in other income. Leasehold improvements are amortized over the shorter of the estimated useful asset life or the remaining term of the applicable lease. In accordance with U.S. GAAP, we evaluate the carrying amount of our long-lived assets such as property and equipment, and finite-lived intangible assets subject to amortization for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets held and used is measured by the comparison of its carrying amount with the future net cash flows the asset is expected to generate. We look primarily to the undiscounted future cash flows in the assessment of whether or not long-lived assets have been impaired. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Other assets include our residential investment property. On January 17, 2020, we sold this property for $390.6 thousand and recognized a gain of $33.1 thousand. Revenue recognition. We recognize revenue when our customers obtain control of promised goods or services, in an amount that reflects the consideration which we expect to receive in exchange for those goods or services, in accordance with Topic 606. We adopted Topic 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Revenue amounts presented in our consolidated financial statements are recognized net of sales tax, value-added taxes, and other taxes. In the normal course of business, we recognize revenue based on the customers' attendance of the course, mentoring training, coaching session or delivery of the software, data or course materials on-line. After a customer contract expires, we record breakage revenue less a reserve for cases where we allow a customer to attend after expiration. We had deferred revenue of $46.5 million and $44.2 million related to contractual commitments with customers where the performance obligation will be satisfied over time, which ranges from one to two years as of December 31, 2019 and 2018, respectively. The revenue associated with these performance obligations is recognized as the obligation is satisfied. We did not have a material change in financial position, results of operations, or cash flows and therefore there is no cumulative impact recorded to opening equity as of January 1, 2018, the adoption date. The following tables disaggregate our segment revenue by revenue source: Year Ended December 31, 2019 Year Ended December 31, 2018 Revenue Type: North America U.K. Other foreign markets Total Consolidated Revenue North America U.K. Other foreign markets Total Consolidated Revenue (In thousands) Seminars 32,714 2,562 8,346 43,622 32,504 1,910 12,449 46,863 Products 9,404 1,141 3,777 14,322 11,342 918 3,474 15,734 Coaching and Mentoring 5,564 138 4,465 10,167 5,372 219 3,952 9,543 Online and Subscription 2,070 6 351 2,427 1,112 15 16 1,143 Other 4,675 281 2 4,958 2,719 167 — 2,886 Total revenue 54,427 4,128 16,941 75,496 53,049 3,229 19,891 76,169 Deferred course expenses. Advertising expenses. Income taxes . Income Taxes ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in a company's financial statements and prescribes a recognition threshold of more likely than not and a measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In making this assessment, a company must determine whether it is more likely than not that a tax position will be sustained upon examination, based solely on the technical merits of the position and must assume that the tax position will be examined by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, disclosures and transition. Foreign currency translation Foreign Currency Translation Share-based compensation. Compensation—Stock Compensation Share-Based Compensation Comprehensive income. Discontinued operations. "Presentation of Financial Statements Discontinued Operations" Discontinued Operations Accounting Standards Adopted in the Current Period We have implemented all new accounting pronouncements that are in effect and that management believes would materially affect our financial statements. In June 2018, an accounting update was issued to simplify the accounting for nonemployee share-based payment transactions resulting from expanding the scope of ASC Topic 718, Compensation-Stock Compensation ASC Topic 718 ASC Topic 718 ASC Topic 718 ASC Topic 606, Revenue from Contracts with Customers ASC Topic 606 In February 2016, the FASB issued ASU No 2016-02 "Leases" to increase the transparency and comparability about leases among entities. Additional ASUs have been issued subsequent to ASU 2016-02 to provide supplementary clarification and implementation guidance for leases related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments. ASU 2016-02 and these additional ASUs are now codified as Accounting Standards Codification Standard 842 - "Leases" ("ASC 842"). ASC 842 supersedes the lease accounting guidance in Accounting Standards Codification 840 "Leases" ("ASC 840") and requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. We elected to utilize the "package" of three expedients, as defined in ASC 842, which retain the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. Accordingly, previously reported financial information has not been restated to reflect the application of the new standard to the comparative periods presented. As of the date of implementation on January 1, 2019, the impact of the adoption of ASC 842 resulted in the recognition of a right-of-use asset and operating lease liability on our Consolidated Balance Sheet of approximately $0.4 million. As the right of use asset and the lease payable obligation were the same upon adoption of ASC 842, there was no cumulative effect impact on our retained earnings. See Note 16 " Leases", In July 2017, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2017-11, I " Accounting for Certain Financial Instruments With Down Round Features Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests With a Scope Exception

Concentration Risk

Concentration Risk	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Concentration Risk	Note 3—Concentration Risk Cash and Cash Equivalents We maintain deposits in banks which may exceed the federal deposit insurance available. Management believes the potential risk of loss on these cash and cash equivalents to be minimal. All cash balances as of December 31, 2019 and 2018, including foreign subsidiaries, without FDIC coverage was $2.5 million and $1.1 million, respectively. Revenue A significant portion of our revenue was derived from the Rich Dad brands. For the years ended December 31, 2019 and 2018, Rich Dad brands provided 84.6% and 88.0%, respectively, of our revenue. In addition, we have operations in North America, United Kingdom and Other foreign markets (See Note 14 " Segment Information On September 16, 2019, we received notice from Rich Dad Operating Company, LLC ("RDOC"), indicating that RDOC did not intend to extend the term of the September 1, 2013, Rich Dad Operating License Agreement (as amended, the "License Agreement") by and between us and RDOC. The term of the License Agreement expired on September 30, 2019. Notwithstanding the expiration of the License Agreement, the Company may continue to use Licensed Intellectual Property, as defined in the License Agreement, including, but not limited to, the Rich Dad trademark and stylized logo, for the purpose of honoring and fulfilling orders by its customers in existence as of the date of the expiration of the Agreement.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 4—Discontinued Operations On October 28, 2019, four creditors of Legacy Education Alliance International Ltd. ("Legacy UK"), one of our UK subsidiaries, obtained an order from the High Court of Justice, Business and Property Courts of England and Wales (the "English Court") with respect to the business and affairs of Legacy UK. Pursuant to the Administration Order of November 15, 2019, from the English Court, the two individuals appointed as administrators engaged a third-party to market Legacy UK's business and assets for sale to one or more third parties. On November 26, 2019, Legacy UK's assets and deferred revenues sold for £300 thousand (British pounds) to Mayflower Alliance LTD. We will not receive any proceeds from the sale of Legacy UK. Further details, including the resolution of claims and liabilities, and other information regarding the administration may not be forthcoming for several months. We are considering our alternatives for future operations in the United Kingdom and is continuing to conduct business outside the United States through its other foreign subsidiaries in Canada, Hong Kong, Australia, and South Africa. The impact of this transaction is reflected as a discontinued operation in the consolidated financial statements. The major classes of assets and liabilities of Legacy UK were as follows: As of December 31, (in thousands) 2019 2018 Major classes of assets Cash and cash equivalents $ — $ 396 Restricted cash — 714 Deferred course expenses — 1,859 Prepaid expenses and other current assets — 145 Inventory — 34 Discontinued operations-current assets — 3,148 Property and equipment, net — 31 Other assets — 143 Discontinued operations-other assets — 174 Total major classes of assets - discontinued operations $ — $ 3,322 Major classes of liabilities Accounts payable 3,408 2,373 Accrued course expenses 472 391 Accrued salaries, wages and benefits — 174 Other accrued expenses 619 698 Deferred revenue, current portion — 13,186 Total major classes of liabilities - discontinued operations $ 4,499 $ 16,822 The financial results of the discontinued operations are as follows: Years Ended December 31, (in thousands) 2019 2018 Revenue $ 14,315 $ 17,240 Total operating costs and expenses 15,647 17,778 Loss from discontinued operations (1,332 ) (538 ) Other income (expense), net (359 ) (402 ) Gain on disposal of discontinued operations 8,300 — Net gain (loss) from discontinued operations $ 6,609 $ (940 ) The following is a summary of Legacy UK cash flow activities for the periods stated (in thousands): Years Ended December 31, 2019 2018 Net cash used in operating activities (350 ) (284 ) Net cash used in investing activities (8 ) (39 ) Net cash provided by (used in) financing activities — — Effect of exchange rate differences on cash (752 ) (115 ) Net decrease in cash and cash equivalents and restricted cash $ (1,110 ) $ (438 )

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5—Property and Equipment Property and equipment consists of the following (in thousands): As of December 31, 2019 2018 Land $ 782 $ 782 Building and residential rental properties 1,168 1,549 Software 2,607 2,606 Equipment 1,697 1,833 Furniture and fixtures 305 307 Building and leasehold improvements 1,241 1,243 Property and equipment 7,800 8,320 Less: accumulated depreciation (6,418 ) (6,471 ) Property and equipment, net $ 1,382 $ 1,849 Depreciation expense on property and equipment in each of the years ended December 31, 2019 and 2018 was approximately $0.1 million.

Short-Term and Long-Term Debt

Short-Term and Long-Term Debt	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Short-Term and Long-Term Debt	Note 6—Short-Term and Long-Term Debt (in thousands) As of As of Promissory notes $ 500 $ 500 Current portion of long-term debt — 12 Total short-term borrowings and current portion of long-term debt $ 500 $ 512 Long-term debt consists of the following (in thousands): (in thousands) As of As of Installment notes payable for equipment financing $ — $ 20 Less: current portion — (12 ) Total long-term debt, net of current portion — $ 8 The following is a summary of scheduled debt maturities by year (in thousands): 2020 $ 500 Total debt $ 500 On September 13, 2018, we entered into a Promissory Note and Mortgage and Security Agreement pursuant to which we borrowed the principal amount of $500 thousand from USA ReGrowth Fund LLC. At closing, we received $459,269 in net proceeds after closing costs and other fees and costs. The Promissory Note, repayment of which was initially due on March 13, 2019, was issued in an aggregate principal amount of $500 thousand and bore interest at a fixed rate of 12% per annum during the initial 120 days of the term of the Promissory Note, and a fixed rate of 30% per annum until all amounts due under the Promissory Note are paid in full. Pursuant to the Mortgage and Security Agreement, repayment of the Promissory Note is secured by a first mortgage on the property located at 1612 East Cape Coral Parkway, Cape Coral, FL. 33904. On March 8, 2019, we executed an extension of the maturity date to September 13, 2019. During the initial 120 days of the extension period, the Promissory Note bore interest at a fixed rate of 12% per annum and a fixed rate of 30% per annum thereafter until all amounts due thereunder are paid. On September 13, 2019, we executed a second extension of the maturity date to March 13, 2020. During the initial 120 days of the second extension period, the Promissory Note bears a fixed rate of 12% per annum and a fixed rate of 30% per annum thereafter until all amounts due thereunder are paid. The extension matures on March 13, 2020. Currently, we are negotiating a 60-day extension with the lender. On January 21, 2019, we entered into a six-month Bridging Loan Agreement pursuant to which we borrowed the principal amount of £300 thousand (British Pounds) from D.J. Fatica Asset Management Ltd. The loan bears interest at a fixed rate of 12% per annum. The loan is secured by property owned by LEAI Properties UK Ltd. On July 15, 2019, we paid the loan off in full.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Note 7—Share-Based Compensation The 2015 Incentive Plan, our equity plan, was approved by the stockholders at our annual meeting of stockholders on July 16, 2015. The 2015 Incentive Plan reserves 5,000,000 shares of our Common Stock for stock options, restricted stock, and a variety of other types of equity awards. We believe that long-term incentive compensation programs align the interests of management, employees and the stockholders to create long-term stockholder value. We believe that equity-based incentive compensation plans, such as the Incentive Plan, increase our ability to achieve this objective, and, by allowing for several different forms of long-term equity based incentive awards, help us to recruit, reward, motivate and retain talented employees and other service providers. The text of the 2015 Incentive Plan is included in the attachment marked as Appendix B to our Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on June 16, 2015. During the year ended December 31, 2019, pursuant to the 2015 Incentive Plan, we awarded 34,650 shares of restricted stock to members of the Board of Directors, which are subject to a two-year cliff vesting. The grant date price per share was $0.20 for a total grant date fair value of $7.0 thousand. We also granted 20,000 shares of restricted stock to Senior Management, which were fully vested at a grant date. The grant date price per share was $0.18 for a total grant date fair value of $3.6 thousand. During the year ended December 31, 2018, pursuant to the 2015 Incentive Plan, we awarded 120,000 shares of restricted stock to members of the Board of Directors, which are subject to a two-year cliff vesting. The grant date price per share was $0.22 for a total grant date fair value of $0.03 million. The following table reflects the activity of the restricted shares: Restricted Stock Activity (in thousands) Number of Weighted Unvested at December 31, 2017 1,424 $ 0.21 Granted 120 0.22 Forfeited (7 ) 0.40 Vested (668 ) 0.40 Unvested at December 31, 2018 869 $ 0.04 Granted 55 0.19 Forfeited (13 ) 0.54 Vested (455 ) 0.36 Unvested at December 31, 2019 456 $ 0.25 Compensation Expense and Related Valuation Techniques We account for share-based awards under the provisions of ASC 718, "Share-Based Payment," Our stock-based compensation expense was approximately $0.1 million and 0.2 million in the years ended December 31, 2019 and 2018, respectively, and is included in general and administrative expenses in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). There were no related income tax effects in either year.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plan	Note 8—Employee Benefit Plan

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 9—Income Taxes We recognize deferred tax assets and liabilities, at enacted income tax rates, based on the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities. We include any effects of changes in income tax rates or tax laws in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, we provide a corresponding valuation allowance against the deferred tax asset. We have retained full valuation allowances of $4.7 million and $6.9 million against the deferred tax assets of our United States, Australian, Canadian, U.K. (excluding Elite Legacy Education UK), Hong Kong, and South Africa subsidiaries as of December 31, 2019 and December 31, 2018, respectively. The most significant negative factor that was considered in determining whether a valuation allowance was required is a cumulative recent history of losses in all jurisdictions for the entities mentioned above. As of December 31, 2019 and 2018, the valuation allowance against the U.S. deferred taxes was $1.8 million and $1.9 million, respectively. We assessed the weight of all available positive and negative evidence and determined it was not more likely than not that future earnings will be sufficient to realize the deferred tax assets in the U.S. As of December 31, 2019, and 2018, we had approximately $4.8 million and $8.4 million of federal net operating loss carryforwards, approximately $19.7 million and $25.0 million of foreign net operating loss carryforwards, respectively, and approximately $8.9 million and $14.3 million of state net operating loss carryforwards, respectively. The foreign loss carryforwards begin to expire in 2027 and the state net operating loss carryforwards begin to expire in 2024. Our sources of income (loss) and income tax provision (benefit) are as follows (in thousands): Years ended December 31, 2019 2018 Income/(loss) from continuing operations before income taxes: U.S. $ 4,271 $ (5,369 ) Non-U.S. (2,187 ) (3,178 ) Total income/(loss) from continuing operations before income taxes: $ 2,084 $ (8,547 ) Provision (benefit) for taxes: Current: Federal $ 143 $ (56 ) State 38 38 Non-U.S. 83 — Total current 264 (18 ) Deferred: Federal — 584 State — — Non-U.S. (190 ) (97 ) Total deferred (190 ) 487 Noncurrent Federal (1,331 ) — State — — Non-U.S. — — Total noncurrent (1,331 ) - Total income tax expense (benefit) $ (1,257 ) $ 469 Effective income tax rate (60.3 )% (5.5 )% During the year ended December 31, 2019, we decreased the valuation allowance by $0.6 million. During the year ended December 31, 2018, we increased the valuation allowance by $2.2 million. The difference between the tax provision at the statutory federal income tax rate and the tax provision attributable to income (loss) from continuing operations before income taxes is as follows (in thousands): Years ended December 31, 2019 2018 Computed expected federal tax benefit (expense) $ 438 $ (1,992 ) (Decrease) Increase in valuation allowance (546 ) 2,215 State income net of federal benefit 242 39 Non-U.S. income taxed at different rates (62 ) 16 Unrecognized tax benefits (1,331 ) (16 ) Foreign exchange adjustment — 361 Foreign tax rate adjustment — 1 Impact of change in enacted rates — 1 Other 2 (156 ) Income tax benefit (expense) $ (1,257 ) $ 469 We recorded income tax benefit of $1.3 million and income tax expense of $0.5 million for the years ended December 31, 2019 and 2018, respectively, a $1.8 million decrease in income tax expense. Our effective tax rate was (60.3)% and (5.5)% for the year ended December 31, 2019 and 2018, respectively. Our effective tax rates differed from the U.S. statutory corporate tax rate of 21%, for the same periods, primarily because of the mix of pre-tax income or loss earned in certain jurisdictions . Deferred income tax assets and liabilities reflect the net tax effects of (i) temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts for income tax purposes and (ii) operating loss carryforwards. The tax effects of significant components of our deferred tax assets and liabilities are as follows (in thousands): As of December 31, 2019 2018 Deferred tax assets: Net operating losses $ 5,688 $ 7,543 Accrued compensation, bonuses, severance 121 19 Allowance for bad debt — 9 Impaired assets — 240 Deferred revenue — — Depreciation 269 30 Charitable Contribution Carryover — 2 Tax credits — 118 Valuation allowance (4,736 ) (6,870 ) Total deferred tax assets $ 1,342 $ 1,091 Deferred tax liabilities: Deferred course expenses $ (1,055 ) $ (994 ) Total deferred tax liabilities (1,055 ) (994 ) Net deferred tax asset $ 287 $ 97 Deferred tax expense related to the foreign currency translation adjustment for the years ended December 31, 2019 and 2018 was $0 million and $0.4 million, respectively, and was fully offset by a corresponding change in the valuation allowance. The deferred tax assets presented above for net operating losses and credits have been reduced by liabilities for unrecognized tax benefits. We do not expect to repatriate earnings from its foreign subsidiaries because the cumulative earnings and profits of the foreign subsidiaries as of December 31, 2019 and 2018 are negative. Accordingly, no U.S. federal or state income taxes have been provided thereon. The liability pertaining to uncertain tax positions was $0.3 million and $1.6 million at December 31, 2019 and 2018, respectively. In accordance with GAAP, we recorded expense that increased the total liability pertaining to uncertain tax positions which was more than offset by a decrease in the total liability attributable to foreign currency fluctuations and tax rate adjustments. A significant portion of the liability pertaining to uncertain tax positions is recorded as a reduction of the value of net operating loss carryovers. We include interest and penalties in the liability for uncertain tax positions. Accrued interest and penalties on uncertain tax positions were approximately $0.04 million at December 31, 2019 and 2018, for each year, and is included in other liabilities in the accompanying Consolidated Balance Sheets. If applicable, we recognize interest and penalties related to uncertain tax positions as tax expense. The following is a tabular reconciliation of the total amounts of unrecognized tax benefits: As of December 31, 2019 2018 Unrecognized tax benefits - January 1 $ 1,640 $ 1,657 Gross increases - tax positions in prior period — 2 Gross decreases - tax positions in prior period (1,331 ) (19 ) Unrecognized tax benefits - December 31 $ 309 $ 1,640 The total liability for unrecognized tax benefits at December 31, 2019 and 2018, is netted against deferred tax assets related to net operating loss carryforwards in the Consolidated Balance Sheets. The total liability for unrecognized tax benefits at December 31, 2019 and 2018, are as follows: As of December 31, 2019 2018 Reduction of net operating loss carryforwards $ 309 $ 309 Reduction of tax credit carryforwards — — Total reductions of deferred tax assets 309 309 Noncurrent tax liability (reflected in Other long-term liabilities) — 1,331 Total liability for unrecognized tax benefits $ 309 $ 1,640 We do not expect any significant changes to unrecognized tax benefits in the next year. We estimate $0.3 million and $1.6 million, of the unrecognized tax benefits, if recognized, would impact the effective tax rate at December 31, 2019 and 2018, respectively. Our federal income tax returns for the years subsequent to 2016 are subject to examination by the Internal Revenue Service. Our state tax returns for all years after 2016 or 2015, depending on each state's jurisdiction, are subject to examination. In addition, our Canadian tax returns and United Kingdom tax returns for all years after 2012 are subject to examination.

Certain Relationships and Relat

Certain Relationships and Related Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Certain Relationships and Related Transactions	Note 10—Certain Relationships and Related Transactions Licensing Agreements with the T&B Seminars, Inc On December 23, 2019, we entered into an agreement with T&B Seminars Inc. to develop and operate a seminar style education business (subsequently branded Homemade Investor by Tarek El Moussa As consideration for the licensed rights under the Development Agreement, Holdings agreed to pay T&B base royalty percentages on cash sales of products to persons responding to a branded marketing campaign that uses the licensed intellectual property. Also, as consideration for Tarek El Moussa providing certain marketing support, Holdings agreed to pay T&B marketing royalty percentages on cash sales of products at live events and at online webinars to persons responding to a branded marketing campaign that uses the licensed intellectual property. Furthermore, as consideration for the exclusivity of the rights under the Development Agreement, commencing on the seventh month of the term of the Development Agreement, Holdings agreed that the monthly royalties paid to T&B will not be less than an agreed to amount. The Development Agreement has an initial term of five years and will automatically renew thereafter for successive five-year terms unless either party provides prior written notice of termination no less than 90 days prior to the end of such five-year term. Licensing Agreements with the Rich Dad Parties Our business relied primarily on our license of the Rich Dad brand and related marks and intellectual property. The following transactions summarize our license to use the Rich Dad trademarks, trade names and other business information worldwide (the "Rich Dad Intellectual Property Rights"): Effective September 1, 2013, we entered into licensing and related agreements with Rich Dad Operating Company, LLC ("RDOC") (collectively, the "2013 License Agreement") that replaced the 2010 License Agreement. Compared to the 2010 License Agreement, the 2013 License Agreement broadened the field of use to include real estate investing, business strategies, stock market investment techniques, stock/paper assets, cash management, asset protection, entrepreneurship and other financially-oriented subjects. The 2013 License Agreement also (i) reduced the royalty rate payable to RDOC compared to the 2010 Rich Dad License Agreement; (ii) broadened the Company's exclusivity rights to include education seminars delivered in any medium; (iii) eliminated the cash collateral requirements and related financial covenants contained in the 2010 License Agreement; (iv) continues our right to pay royalties via a promissory note that is convertible to preferred shares upon the occurrence of a Change in Control (as defined in the 2013 License Agreement); (v) eliminated approximately $1.6 million in debt from our consolidated balance sheet as a result of debt forgiveness provided for in the agreement terminating the 2010 License Agreement; and (vi) converted another approximately $4.6 million in debt to 1,549,882 shares of our Common Stock. Either party may terminate the 2013 License Agreement upon certain circumstances, including and uncured breach by the non-terminating party. On April 22, 2014, we entered into an agreement with RDOC (the "2014 Amendment") to, among other things, amend the 2013 License Agreement to halve the royalty payable by us to RDOC to 2.5% for the whole of 2014, (ii) cancel approximately $1.3 million in debt owed by us to RDOC, (iii) reimburse us for certain legal expenses, and (iv) cancel RDOC's right to appoint one member of our Board of Directors. The 2013 License Agreement and the GEO Settlement Agreement were assigned to our wholly-owned subsidiary, Legacy Education Alliance Holdings, Inc. on September 10, 2014. On January 25, 2018, we entered into a Second Amendment with RDOC (the "Second Amendment") that amends certain terms of the 2013 License Agreement and extends the term of the 2013 License Agreement to September 1, 2019. In addition, the Company and two of its officers, and RDOC and certain individuals affiliated with RDOC entered into a Mutual Waiver and Release of Claims. (See the Form 8-K filed on January 29, 2018 for further discussion.) On September 16, 2019, we received notice from Rich Dad Operating Company, LLC ("RDOC"), indicating that RDOC does not intend to extend the term of the September 1, 2013, Rich Dad Operating License Agreement (as amended, the "License Agreement") by and between the Company and RDOC. The term of the License Agreement expired on September 30, 2019. Notwithstanding the expiration of the License Agreement, the Company may continue to use Licensed Intellectual Property, as defined in the License Agreement, including, but not limited to, the Rich Dad trademark and stylized logo, for the purpose of honoring and fulfilling orders by its customers in existence as of the date of the expiration of the Agreement. License Agreements with Robbie Fowler and with Martin Roberts We entered into a Talent Endorsement Agreement with an effective date of January 1, 2015 with Robbie Fowler that supplements an earlier November 2, 2012 Agreement and a Talent Endorsement Agreement with an effective date of January 1, 2013, both with Mr. Fowler (collectively, the "Fowler License Agreement"). The Fowler License Agreement grants us the exclusive right to use Robbie Fowler's name, image, and likeness in connection with the advertisement, promotion, and sale in the United Kingdom of a property training course developed by us. The Fowler License Agreement was scheduled to expire by its terms on January 1, 2020. Under the Fowler License Agreement, we pay Mr. Fowler a royalty on revenues realized from the sale of Robbie Fowler-branded property courses and affiliated products, after deductions for value added taxes, returns and refunds. In 2009, we entered into a Talent Endorsement Agreement with Martin Roberts that grants us the exclusive right to use Martin Roberts', name, image, and likeness, as well as the rights to use the name of Mr. Roberts's published book entitled "Making Money From Property," in connection with the advertisement, promotion, and sale in the United Kingdom of a property training course developed by us. We entered into a subsequent Talent Endorsement Agreement with an effective date of April 20th, (the "Supplemental Agreement") that grants us the non-exclusive right to use Martin Roberts' name, image and likeness, as well as the rights to use the name of Mr. Roberts' published book entitled "Making Money From Property", in connection with the advertisement, promotion, and sale of educational training, products and materials related to real estate, securities and options trading and investment, as well as, general wealth building and investing strategies, principles and motivation. The term of the license granted under the Supplemental Agreement is for an initial six months period expiring on October 20, 2017 and will continue thereafter unless (i) terminated by one party upon the event of certain specified defaults of the party, or (ii) by either party without cause upon thirty (30) days prior written notice to the other party. Under the Supplemental Agreement with Mr. Roberts, we pay Mr. Roberts a royalty on revenues realized from the sale of Robbie Fowler-branded property courses and affiliated products that are collected within thirty (30) days after a Company-sponsored Martin Roberts-branded event, after deductions for value added taxes, banking charges, returns, refunds, and third party commissions. For sales to clients introduced to us directly by Mr. Roberts and his associated websites as well as other marketing and promotional activities Mr. Roberts or his associated companies may wish to undertake from time to time that are not part of a Company sponsored event and which result in the sale of ours basic training her marketing and promotional activities, Mr. Roberts is entitled to 50% of gross revenue from such sales of directly introduced clients. As of November 26, 2019, along with the sale of Legacy UK, the agreements with Robbie Fowler and Martin Roberts have been transferred to Mayflower Alliance LTD.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2019
Capital Stock [Abstract]
Capital Stock	Note 11—Capital Stock Share Capital Our authorized share capital consists of 200,000,000 shares of Common Stock, par value $0.0001 per share, and 20,000,000 shares of preferred stock, par value $0.0001 per share. Common Stock As of December 31, 2019, 23,162,502 shares of our Common Stock were outstanding. The outstanding shares of our Common Stock are validly issued, fully paid and non-assessable. Holders of Common Stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of Common Stock do not have cumulative voting rights. Directors are elected by a plurality of the votes cast by the shares entitled to vote in the election at a meeting at which a quorum is present. The vote of the stockholders of a majority of the stock having voting power present in person or represented by proxy shall be sufficient to decide any questions brought before such meeting, other than the election of directors, unless the question is one upon which by express provision of the statutes or of the Articles of Incorporation, a different vote is required in which case such express provisions shall govern and control the decision of such question. Holders of Common Stock representing ten percent (10%) of our capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of stockholders. Holders of our Common Stock are entitled to share in all dividends that our Board of Directors, in its discretion, declares from legally available funds. In the event of a liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the Common Stock. The Common Stock has no pre-emptive, subscription or conversion rights and there are no redemption provisions applicable to the Common Stock. In addition, our authorized but unissued common shares could be used by our Board of Directors for defensive purposes against a hostile takeover attempt, including (by way of example) the private placement of shares or the granting of options to purchase shares to persons or entities sympathetic to, or contractually bound to support, management. We have no such present arrangement or understanding with any person. However, our Common Stock have been reserved for issuance upon exercise of stock purchase rights designed to deter hostile takeovers, commonly known as a "poison pill." On February 15, 2017, we adopted a limited duration Shareholder Rights Plan (the "Plan"). Under the Plan, one preferred stock purchase right will be distributed for each share of common stock held by stockholders of record on March 2, 2017. The rights will trade with the common stock and will not be separable or exercisable until such time as the Plan is triggered. The Plan was scheduled to expire on February 15, 2019, subject to our right to extend such date, unless we redeemed or exchanged earlier or terminated. On November 12, 2018, the Board of Directors of Legacy Education Alliance, Inc. (the "Company") approved an amendment (the "Amendment") to the Rights Agreement dated as of February 16, 2017 by and between us and VStock Transfer LLC (VStock), as Rights Agent (the "Rights Agreement"), to (i) extend the Final Expiration Date, as defined in the Rights Agreement, to the close of business on February 15, 2021, and (ii) to provide for the construction of the Rights Agreement and all other related documents in a manner consistent with the extension of the Final Expiration Date. The extension of the Final Expiration Date under the Rights Agreement was entered into to ensure that the Board of Directors would continue to have sufficient time to consider any proposal from a third party that might result in a change in control of our Company, to ensure that all stockholders receive fair and equal treatment in the event of any such a proposal, and to encourage any potential acquirer to negotiate with the Board of Directors. In addition, extending the Rights Agreement will guard against partial tender offers, open market accumulations and other coercive tactics aimed at gaining control of our Company without paying all stockholders a full control premium for their shares. The Rights Agreement was not amended in response to any specific takeover offer. On November 25, 2019, we entered into an assumption agreement with Broadridge Corporate Issuer Solutions, Inc. (Broadridge), whereby Broadridge assumes the role of Rights Agent under the Rights Agreement, effectively replacing VStock as Rights Agent. Preferred Stock As of December 31, 2019 and 2018, no shares of our preferred stock were outstanding. Our authorized preferred stock is "blank check" preferred. Accordingly, subject to limitations prescribed by law, our Board is expressly authorized, at its discretion, to adopt resolutions to issue shares of preferred stock of any class or series, to fix the number of shares of any class or series of preferred stock and to change the number of shares constituting any series and to provide for or change the voting powers, designations, preferences and relative, participating, optional or other special rights, qualifications, limitations or restrictions thereof, including dividend rights (including whether the dividends are cumulative), dividend rates, terms of redemption (including sinking fund provisions), redemption prices, conversion rights and liquidation preferences of the shares constituting any series of the preferred stock, in each case without any further action or vote by our stockholders.

Earnings Per Share (''EPS'')

Earnings Per Share (''EPS'')	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share (''EPS'')	Note 12—Earnings Per Share ("EPS") Basic EPS is computed by dividing net income by the basic weighted-average number of shares outstanding during the period. Diluted EPS is computed by dividing net income by the diluted weighted-average number of shares outstanding during the period and, accordingly, reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as stock options, were exercised, settled or converted into common stock and were dilutive. The diluted weighted-average number of shares used in our diluted EPS calculation is determined using the treasury stock method. Unvested awards of share-based payments with rights to receive dividends or dividend equivalents, such as our restricted stock awards, are considered to be participating securities, and therefore, the two-class method is used for purposes of calculating EPS. Under the two-class method, a portion of net income is allocated to these participating securities and is excluded from the calculation of EPS allocated to common stock. Our restricted stock awards are subject to forfeiture and restrictions on transfer until vested and have identical voting, income and distribution rights to the unrestricted common shares outstanding. Our weighted average unvested restricted stock awards outstanding were 424,531 and 843,095 for the years ended December 31, 2019 and 2018, respectively. Weighted average unvested restricted stock awards outstanding as of December 31, 2018 were not included in the computation of our diluted EPS, as inclusion would have been anti-dilutive, however for the year ended December 31, 2019, they were included as they would have been dilutive. The calculations of basic and diluted EPS are as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Net Weighted Net Weighted Income from Average Earnings Loss from Average Loss continuing Shares Per continuing Shares Per operations Outstanding Share operations Outstanding Share (in thousands, except per share data) (in thousands, except per share data) Basic: As reported $ 3,341 23,141 $ (9,016 ) 23,014 Amounts allocated to unvested restricted shares (61 ) (425 ) — — Amounts available to common stockholders $ 3,280 22,716 $ 0.14 $ (9,016 ) 23,014 $ (0.39 ) Diluted: Amounts allocated to unvested restricted shares 61 425 — — Amounts reallocated to unvested restricted shares (63 ) — — — Amounts available to stockholders $ 3,278 23,141 $ 0.14 $ (9,016 ) 23,014 $ (0.39 ) Year Ended December 31, 2019 Year Ended December 31, 2018 Net Weighted Net Weighted Income from Average Earnings loss from Average Loss discontinued Shares Per discontinued Shares Per operations Outstanding Share operations Outstanding Share (in thousands, except per share data) (in thousands, except per share data) Basic: As reported $ 6,609 23,141 $ (940 ) 23,014 Amounts allocated to unvested restricted shares (121 ) (425 ) — — Amounts available to common stockholders $ 6,488 22,716 $ 0.29 $ (940 ) 23,014 $ (0.04 ) Diluted: Amounts allocated to unvested restricted shares 121 425 — — Amounts reallocated to unvested restricted shares (124 ) — — — Amounts available to stockholders $ 6,485 23,141 $ 0.28 $ (940 ) 23,014 $ (0.04 ) Year Ended December 31, 2019 Year Ended December 31, 2018 Weighted Weighted Average Earnings Average Loss Net Shares Per Net Shares Per Income Outstanding Share Loss Outstanding Share (in thousands, except per share data) (in thousands, except per share data) Basic: As reported $ 9,950 23,141 $ (9,956 ) 23,014 Amounts allocated to unvested restricted shares (183 ) (425 ) — — Amounts available to common stockholders $ 9,767 22,716 $ 0.43 $ (9,956 ) 23,014 $ (0.43 ) Diluted: Amounts allocated to unvested restricted shares 183 425 — — Amounts reallocated to unvested restricted shares (186 ) — — — Amounts available to stockholders $ 9,764 23,141 $ 0.42 $ (9,956 ) 23,014 $ (0.43 )

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 13—Fair Value Measurements ASC 820 "Fair Value Measurements and Disclosures" ASC 820 ASC 820 ASC 820 In accordance with ASC 820 ● Level 1—Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets; ● Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including: ● Quoted prices for similar assets or liabilities in active markets ● Quoted prices for identical or similar assets or liabilities in markets that are not active ● Inputs other than quoted prices that are observable for the asset or liability ● Inputs that are derived principally from or corroborated by observable market data by correlation or other means; and ● Level 3—Inputs that are unobservable and reflect our assumptions used in pricing the asset or liability based on the best information available under the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows). We did not have any financial assets or liabilities measured and recorded at fair value on our consolidated balance sheets on a recurring basis as of December 31, 2019 and 2018.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Information	Note 14—Segment Information We manage our business in three segments based on geographic location for which operating managers are responsible to the Chief Executive Officer. These segments include: (i) North America, (ii) United Kingdom, and (iii) Other Foreign Markets. Operating results, as reported below, are reviewed regularly by our Chief Executive Officer, or Chief Operating Decision Maker ("CODM") and other members of the executive team. The proportion of our total revenue attributable to each segment is as follows: Years Ended December 31, As a percentage of total revenue 2019 2018 North America 72.1 % 69.6 % U.K. 5.5 % 4.2 % Other foreign markets 22.4 % 26.2 % Total consolidated revenue 100.0 % 100.0 % Operating results for the segments are as follows: Years Ended December 31, 2019 2018 Segment revenue (In thousands) North America $ 54,427 $ 53,049 U.K. 4,128 3,229 Other foreign markets 16,941 19,891 Total consolidated revenue $ 75,496 $ 76,169 Years Ended December 31, 2019 2018 Segment gross profit contribution * (In thousands) North America $ 12,273 $ 6,157 U.K. 997 883 Other foreign markets 2,244 848 Total consolidated gross profit $ 15,514 $ 7,888 * Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expense. Years Ended December 31, 2019 2018 Depreciation and amortization expenses (In thousands) North America $ 137 $ 103 U.K. 20 — Other foreign markets 5 6 Total consolidated depreciation and amortization expenses $ 162 $ 109 December 31, December 31, 2019 2018 Segment identifiable assets (In thousands) North America $ 9,937 $ 11,566 U.K. 4,135 1,634 Other foreign markets 3,286 4,038 Total consolidated identifiable assets $ 17,358 $ 17,238 Our long-lived assets in the U.S. were approximately $1.0 million and $1.1 million for the years ended December 31, 2019 and 2018, respectively, and our international long-lived assets were approximately $0.4 million and $0.7 million, respectively, for the same periods.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15—Commitments and Contingencies Licensing agreements. On January 25, 2018, we entered into a Material Definitive Agreement that resulted in a Second Amendment with RDOC (the "Second Amendment") that amends certain terms of the 2013 License Agreement and extends the term of the 2013 License Agreement to September 1, 2019. In addition, the Company and two of its officers, and RDOC and certain individuals affiliated with RDOC entered into a Mutual Waiver and Release of Claims. The Second Agreement concluded on September 30, 2019. Under the terms of the Second Amendment, the Company has been granted a worldwide license to use certain intellectual property of RDOC to develop, market, sell, and conduct Rich Dad Education branded educational products and services in real estate investing, business strategies, stock market investment techniques, stock/paper assets, cash management, asset protection, and other financially oriented subjects in any form of communication or media, in exchange for which the Company agreed to pay a monthly royalty to RDOC. Under the terms of the Mutual Release, the Company and two of its directors, Anthony Humpage and James E. May, on the one hand, and RDOC and two of its officers, Mike Sullivan and Shane Caniglia, as well as Robert Kiyosaki and Kim Kiyosaki, on the other, exchanged mutual releases of claims that any of them had or might have had with respect to matters in existence prior to the execution of the Mutual Release. We are committed to pay royalties for the usage of certain brands, as governed by various licensing agreements, including Rich Dad, Robbie Fowler and Martin Roberts. Total royalty expenses included in our Consolidated Statement of Operations and Comprehensive Income (Loss) for the years ended December 31, 2019 and 2018 were $3.4 million and $3.4 million, respectively. Purchase commitments Custodial and Counterparty Risk While these balances reside in major financial institutions, they are only partially covered by federal deposit insurance and are subject to the financial risk of the parties holding these funds. When appropriate, we utilize Certificate of Deposit Account Registry Service (CDARS) to reduce banking risk for a portion of our cash in the United States. A CDAR consists of numerous individual investments, all below the FDIC limits, thus fully insuring that portion of our cash. At December 31, 2019 and 2018, we did not have a CDAR balance. Litigation. We and certain of our subsidiaries, from time to time, are parties to various legal proceedings, claims and disputes that have arisen in the ordinary course of business. These claims may involve significant amounts, some of which would not be covered by insurance. Elite Legacy Education, Inc. v. NetSuite, Inc., Oracle Corporation and Oracle America, Inc. Tigrent Group Inc. v. Process America, Inc. ("PA"), Case No 1:12-cv-01314-RLM Tranquility Bay of Pine Island, LLC v. Tigrent, Inc., et al In the Matter of Legacy Education Alliance International, Ltd Discontinued Operations

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Note 16 - Leases Right-of-Use Assets and Leases Obligations We lease office space and office equipment under non-cancelable operating leases, with terms typically ranging from one to three years, subject to certain renewal options as applicable. We consider those renewal or termination options that are reasonably certain to be exercised in the determination of the lease term and initial measurement of lease liabilities and right-of-use assets. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. We determine whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we must discount lease payments based on an estimate of its incremental borrowing rate. We do not separate lease and nonlease components of contracts. There are no material residual value guarantees associated with any of our leases. There are no significant restrictions or covenants included in our lease agreements other than those that are customary in such arrangements. Lease Position as of December 31, 2019 The table below presents the lease related assets and liabilities recorded on the Consolidated Balance Sheet as of December 31, 2019: (in thousands) Classification on the Balance Sheet December 31, Assets Operating lease assets Operating lease right-of-use assets $ 122 Total lease assets $ 122 Liabilities Current liabilities: Operating lease liabilities Current operating lease liabilities $ 86 Noncurrent liabilities: Operating lease liabilities Long-term operating lease liabilities $ 27 Total lease liabilities $ 113 Lease cost for the year ended December 31, 2019 The table below presents the lease related costs recorded on the Consolidated Statement of Operation and Comprehensive Income (Loss) for the year ended December 31, 2019: (in thousands) Year Ended Lease cost Classification Operating lease cost General and administrative expenses $ 60 Total lease cost $ 60 Other Information The table below presents supplemental cash flow information related to leases for the year ended December 31, 2019: (in thousands) Year Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 61 Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets $ 176 As a result of the sale of Legacy UK, the leases classified as right-of-use assets and as lease liabilities in the amount of $2.2 million, were written off to discontinued operations. See Note 4 " Discontinued Operations". Currently, we are in the process of early-cancellation of the Causeway Bay, Hong Kong lease. The early cancellation may include additional fees. Lease Terms and Discount Rates The table below presents certain information related to the weighted average remaining lease terms and weighted average discount rates for our operating leases as of December 31, 2019: Year Ended Weighted average remaining lease term - operating leases 1.67 years Weighted average discount rate - operating leases 12.00 % Undiscounted Cash Flows The table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years to the operating lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2019: Amounts due within twelve months of December 31, Operating Leases (in thousands) 2020 $ 96 2021 27 2022 9 Total minimum lease payments 132 Less: effect of discounting (19 ) Present value of future minimum lease payments 113 Less: current obligations under leases (86 ) Long-term lease obligations $ 27 There are no lease arrangements where we are the lessor.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 17—Subsequent Events Historically, our operations have relied heavily on our and our students' ability to travel and attend live events where large groups of people gather in local markets within each of the segments in which we operate. On March 11, 2020, the World Health Organization (WHO) declared the COVID-19 coronavirus outbreak as a pandemic. As a result of worldwide restrictions on travel and social distancing, in March 202​0 we have ceased conducting live sales and fulfillment events for an undetermined period of time, which we expect will have a materially adverse impact on results of our operations. One March 18, 2020, a Winding-Up Petition, CR-2020-001958, was filed in the High Court of Justice, Business and Property Courts of England and Wales against one of our UK subsidiaries, Elite Legacy Education UK Ltd. ("ELE UK"), by one its creditors. The Petition seeks an order from the Court to wind up the affairs of ELE UK under the UK Insolvency Act of 1986. A hearing on the Petition has been set for June 24, 2020. Because there are a number of intercompany relationships between the Company and ELE UK, the economic effect of such an order, if granted, is unknown at this time.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Going Concern	Going Concern
Use of Estimates	Use of Estimates.
Cash and cash equivalents	Cash and cash equivalents.
Restricted cash	Restricted cash.
Deposits with credit card processors	Deposits with credit card processors. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts in the consolidated cash flow statements: December 31, December 31, (in thousands) 2019 2018 Cash and cash equivalents $ 3,839 $ 1,161 Restricted cash 2,389 4,366 Total cash, cash equivalents, and restricted cash $ 6,228 $ 5,527
Financial Instruments	Financial Instruments.
Inventory	Inventory.
Property, equipment and Impairment of long-lived assets	Property, equipment and Impairment of long-lived assets. Building 40 years Residential rental properties 27.5 years Furniture, fixtures and equipment 3-7 years Purchased software 3 years Residential rental properties generate monthly income from individual tenants. Income from these properties is recognized and included in other income. Leasehold improvements are amortized over the shorter of the estimated useful asset life or the remaining term of the applicable lease. In accordance with U.S. GAAP, we evaluate the carrying amount of our long-lived assets such as property and equipment, and finite-lived intangible assets subject to amortization for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets held and used is measured by the comparison of its carrying amount with the future net cash flows the asset is expected to generate. We look primarily to the undiscounted future cash flows in the assessment of whether or not long-lived assets have been impaired. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Other assets include our residential investment property. On January 17, 2020, we sold this property for $390.6 thousand and recognized a gain of $33.1 thousand.
Revenue recognition	Revenue recognition. We recognize revenue when our customers obtain control of promised goods or services, in an amount that reflects the consideration which we expect to receive in exchange for those goods or services, in accordance with Topic 606. We adopted Topic 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Revenue amounts presented in our consolidated financial statements are recognized net of sales tax, value-added taxes, and other taxes. In the normal course of business, we recognize revenue based on the customers' attendance of the course, mentoring training, coaching session or delivery of the software, data or course materials on-line. After a customer contract expires, we record breakage revenue less a reserve for cases where we allow a customer to attend after expiration. We had deferred revenue of $46.5 million and $44.2 million related to contractual commitments with customers where the performance obligation will be satisfied over time, which ranges from one to two years as of December 31, 2019 and 2018, respectively. The revenue associated with these performance obligations is recognized as the obligation is satisfied. We did not have a material change in financial position, results of operations, or cash flows and therefore there is no cumulative impact recorded to opening equity as of January 1, 2018, the adoption date. The following tables disaggregate our segment revenue by revenue source: Year Ended December 31, 2019 Year Ended December 31, 2018 Revenue Type: North America U.K. Other foreign markets Total Consolidated Revenue North America U.K. Other foreign markets Total Consolidated Revenue (In thousands) Seminars 32,714 2,562 8,346 43,622 32,504 1,910 12,449 46,863 Products 9,404 1,141 3,777 14,322 11,342 918 3,474 15,734 Coaching and Mentoring 5,564 138 4,465 10,167 5,372 219 3,952 9,543 Online and Subscription 2,070 6 351 2,427 1,112 15 16 1,143 Other 4,675 281 2 4,958 2,719 167 — 2,886 Total revenue 54,427 4,128 16,941 75,496 53,049 3,229 19,891 76,169
Deferred course expenses	Deferred course expenses.
Advertising expenses	Advertising expenses.
Income taxes	Income taxes . Income Taxes ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in a company's financial statements and prescribes a recognition threshold of more likely than not and a measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In making this assessment, a company must determine whether it is more likely than not that a tax position will be sustained upon examination, based solely on the technical merits of the position and must assume that the tax position will be examined by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, disclosures and transition.
Foreign currency translation	Foreign currency translation. We account for foreign currency translation in accordance with ASC 830, Foreign Currency Translation
Share-based compensation	Share-based compensation. Compensation—Stock Compensation Share-Based Compensation
Comprehensive income	Comprehensive income.
Discontinued operations	Discontinued operations. "Presentation of Financial Statements Discontinued Operations" Discontinued Operations
Accounting Standards Adopted in the Current Period	Accounting Standards Adopted in the Current Period We have implemented all new accounting pronouncements that are in effect and that management believes would materially affect our financial statements. In June 2018, an accounting update was issued to simplify the accounting for nonemployee share-based payment transactions resulting from expanding the scope of ASC Topic 718, Compensation-Stock Compensation ASC Topic 718 ASC Topic 718 ASC Topic 718 ASC Topic 606, Revenue from Contracts with Customers ASC Topic 606 In February 2016, the FASB issued ASU No 2016-02 "Leases" to increase the transparency and comparability about leases among entities. Additional ASUs have been issued subsequent to ASU 2016-02 to provide supplementary clarification and implementation guidance for leases related to, among other things, the application of certain practical expedients, the rate implicit in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments. ASU 2016-02 and these additional ASUs are now codified as Accounting Standards Codification Standard 842 - "Leases" ("ASC 842"). ASC 842 supersedes the lease accounting guidance in Accounting Standards Codification 840 "Leases" ("ASC 840") and requires lessees to recognize a lease liability and a corresponding lease asset for virtually all lease contracts. It also requires additional disclosures about leasing arrangements. We elected to utilize the "package" of three expedients, as defined in ASC 842, which retain the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. Accordingly, previously reported financial information has not been restated to reflect the application of the new standard to the comparative periods presented. As of the date of implementation on January 1, 2019, the impact of the adoption of ASC 842 resulted in the recognition of a right-of-use asset and operating lease liability on our Consolidated Balance Sheet of approximately $0.4 million. As the right of use asset and the lease payable obligation were the same upon adoption of ASC 842, there was no cumulative effect impact on our retained earnings. See Note 16 " Leases", In July 2017, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2017-11, I " Accounting for Certain Financial Instruments With Down Round Features Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests With a Scope Exception

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of reconciliation cash equivalents, and restricted cash	December 31, December 31, (in thousands) 2019 2018 Cash and cash equivalents $ 3,839 $ 1,161 Restricted cash 2,389 4,366 Total cash, cash equivalents, and restricted cash $ 6,228 $ 5,527
Schedule of property, equipment and Impairment of long lived assets	Building 40 years Residential rental properties 27.5 years Furniture, fixtures and equipment 3-7 years Purchased software 3 years
Schedule of segment revenue	Year Ended December 31, 2019 Year Ended December 31, 2018 Revenue Type: North America U.K. Other foreign markets Total Consolidated Revenue North America U.K. Other foreign markets Total Consolidated Revenue (In thousands) Seminars 32,714 2,562 8,346 43,622 32,504 1,910 12,449 46,863 Products 9,404 1,141 3,777 14,322 11,342 918 3,474 15,734 Coaching and Mentoring 5,564 138 4,465 10,167 5,372 219 3,952 9,543 Online and Subscription 2,070 6 351 2,427 1,112 15 16 1,143 Other 4,675 281 2 4,958 2,719 167 — 2,886 Total revenue 54,427 4,128 16,941 75,496 53,049 3,229 19,891 76,169

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of assets and liabilities	As of December 31, (in thousands) 2019 2018 Major classes of assets Cash and cash equivalents $ — $ 396 Restricted cash — 714 Deferred course expenses — 1,859 Prepaid expenses and other current assets — 145 Inventory — 34 Discontinued operations-current assets — 3,148 Property and equipment, net — 31 Other assets — 143 Discontinued operations-other assets — 174 Total major classes of assets - discontinued operations $ — $ 3,322 Major classes of liabilities Accounts payable 3,408 2,373 Accrued course expenses 472 391 Accrued salaries, wages and benefits — 174 Other accrued expenses 619 698 Deferred revenue, current portion — 13,186 Total major classes of liabilities - discontinued operations $ 4,499 $ 16,822
Schedule of discontinued operations income statement	Years Ended December 31, (in thousands) 2019 2018 Revenue $ 14,315 $ 17,240 Total operating costs and expenses 15,647 17,778 Loss from discontinued operations (1,332 ) (538 ) Other income (expense), net (359 ) (402 ) Gain on disposal of discontinued operations 8,300 — Net gain (loss) from discontinued operations $ 6,609 $ (940 )
Schedule of discontinued operations cash flow	Years Ended December 31, 2019 2018 Net cash used in operating activities (350 ) (284 ) Net cash used in investing activities (8 ) (39 ) Net cash provided by (used in) financing activities — — Effect of exchange rate differences on cash (752 ) (115 ) Net decrease in cash and cash equivalents and restricted cash $ (1,110 ) $ (438 )

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	As of December 31, 2019 2018 Land $ 782 $ 782 Building and residential rental properties 1,168 1,549 Software 2,607 2,606 Equipment 1,697 1,833 Furniture and fixtures 305 307 Building and leasehold improvements 1,241 1,243 Property and equipment 7,800 8,320 Less: accumulated depreciation (6,418 ) (6,471 ) Property and equipment, net $ 1,382 $ 1,849

Short-Term and Long-Term Debt (

Short-Term and Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of short-term borrowings and current portion	(in thousands) As of As of Promissory notes $ 500 $ 500 Current portion of long-term debt — 12 Total short-term borrowings and current portion of long-term debt $ 500 $ 512
Schedule of long-term debt	(in thousands) As of As of Installment notes payable for equipment financing $ — $ 20 Less: current portion — (12 ) Total long-term debt, net of current portion — $ 8
Schedule of debt maturities	2020 $ 500 Total debt $ 500

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Summary of restricted stock activity	Restricted Stock Activity (in thousands) Number of Weighted Unvested at December 31, 2017 1,424 $ 0.21 Granted 120 0.22 Forfeited (7 ) 0.40 Vested (668 ) 0.40 Unvested at December 31, 2018 869 $ 0.04 Granted 55 0.19 Forfeited (13 ) 0.54 Vested (455 ) 0.36 Unvested at December 31, 2019 456 $ 0.25

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of income tax provision (benefit)	Years ended December 31, 2019 2018 Income/(loss) from continuing operations before income taxes: U.S. $ 4,271 $ (5,369 ) Non-U.S. (2,187 ) (3,178 ) Total income/(loss) from continuing operations before income taxes: $ 2,084 $ (8,547 ) Provision (benefit) for taxes: Current: Federal $ 143 $ (56 ) State 38 38 Non-U.S. 83 — Total current 264 (18 ) Deferred: Federal — 584 State — — Non-U.S. (190 ) (97 ) Total deferred (190 ) 487 Noncurrent Federal (1,331 ) — State — — Non-U.S. — — Total noncurrent (1,331 ) - Total income tax expense (benefit) $ (1,257 ) $ 469 Effective income tax rate (60.3 )% (5.5 )%
Schedule of difference between statutory federal income tax rate and tax provision attributable to income (loss) from continuing operations	Years ended December 31, 2019 2018 Computed expected federal tax benefit (expense) $ 438 $ (1,992 ) (Decrease) Increase in valuation allowance (546 ) 2,215 State income net of federal benefit 242 39 Non-U.S. income taxed at different rates (62 ) 16 Unrecognized tax benefits (1,331 ) (16 ) Foreign exchange adjustment — 361 Foreign tax rate adjustment — 1 Impact of change in enacted rates — 1 Other 2 (156 ) Income tax benefit (expense) $ (1,257 ) $ 469
Schedule of deferred tax assets and liabilities	As of December 31, 2019 2018 Deferred tax assets: Net operating losses $ 5,688 $ 7,543 Accrued compensation, bonuses, severance 121 19 Allowance for bad debt — 9 Impaired assets — 240 Deferred revenue — — Depreciation 269 30 Charitable Contribution Carryover — 2 Tax credits — 118 Valuation allowance (4,736 ) (6,870 ) Total deferred tax assets $ 1,342 $ 1,091 Deferred tax liabilities: Deferred course expenses $ (1,055 ) $ (994 ) Total deferred tax liabilities (1,055 ) (994 ) Net deferred tax asset $ 287 $ 97
Schedule of unrecognized tax benefits	As of December 31, 2019 2018 Unrecognized tax benefits - January 1 $ 1,640 $ 1,657 Gross increases - tax positions in prior period — 2 Gross decreases - tax positions in prior period (1,331 ) (19 ) Unrecognized tax benefits - December 31 $ 309 $ 1,640
Schedule of liability for unrecognized tax benefits	As of December 31, 2019 2018 Reduction of net operating loss carryforwards $ 309 $ 309 Reduction of tax credit carryforwards — — Total reductions of deferred tax assets 309 309 Noncurrent tax liability (reflected in Other long-term liabilities) — 1,331 Total liability for unrecognized tax benefits $ 309 $ 1,640

Earnings Per Share (''EPS'') (T

Earnings Per Share (''EPS'') (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of calculations of basic and diluted EPS	The calculations of basic and diluted EPS are as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Net Weighted Net Weighted Income from Average Earnings Loss from Average Loss continuing Shares Per continuing Shares Per operations Outstanding Share operations Outstanding Share (in thousands, except per share data) (in thousands, except per share data) Basic: As reported $ 3,341 23,141 $ (9,016 ) 23,014 Amounts allocated to unvested restricted shares (61 ) (425 ) — — Amounts available to common stockholders $ 3,280 22,716 $ 0.14 $ (9,016 ) 23,014 $ (0.39 ) Diluted: Amounts allocated to unvested restricted shares 61 425 — — Amounts reallocated to unvested restricted shares (63 ) — — — Amounts available to stockholders $ 3,278 23,141 $ 0.14 $ (9,016 ) 23,014 $ (0.39 ) Year Ended December 31, 2019 Year Ended December 31, 2018 Net Weighted Net Weighted Income from Average Earnings loss from Average Loss discontinued Shares Per discontinued Shares Per operations Outstanding Share operations Outstanding Share (in thousands, except per share data) (in thousands, except per share data) Basic: As reported $ 6,609 23,141 $ (940 ) 23,014 Amounts allocated to unvested restricted shares (121 ) (425 ) — — Amounts available to common stockholders $ 6,488 22,716 $ 0.29 $ (940 ) 23,014 $ (0.04 ) Diluted: Amounts allocated to unvested restricted shares 121 425 — — Amounts reallocated to unvested restricted shares (124 ) — — — Amounts available to stockholders $ 6,485 23,141 $ 0.28 $ (940 ) 23,014 $ (0.04 ) Year Ended December 31, 2019 Year Ended December 31, 2018 Weighted Weighted Average Earnings Average Loss Net Shares Per Net Shares Per Income Outstanding Share Loss Outstanding Share (in thousands, except per share data) (in thousands, except per share data) Basic: As reported $ 9,950 23,141 $ (9,956 ) 23,014 Amounts allocated to unvested restricted shares (183 ) (425 ) — — Amounts available to common stockholders $ 9,767 22,716 $ 0.43 $ (9,956 ) 23,014 $ (0.43 ) Diluted: Amounts allocated to unvested restricted shares 183 425 — — Amounts reallocated to unvested restricted shares (186 ) — — — Amounts available to stockholders $ 9,764 23,141 $ 0.42 $ (9,956 ) 23,014 $ (0.43 )

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of percentage of total revenue	Years Ended December 31, As a percentage of total revenue 2019 2018 North America 72.1 % 69.6 % U.K. 5.5 % 4.2 % Other foreign markets 22.4 % 26.2 % Total consolidated revenue 100.0 % 100.0 %
Schedule of operating results for the segments	Years Ended December 31, 2019 2018 Segment revenue (In thousands) North America $ 54,427 $ 53,049 U.K. 4,128 3,229 Other foreign markets 16,941 19,891 Total consolidated revenue $ 75,496 $ 76,169 Years Ended December 31, 2019 2018 Segment gross profit contribution * (In thousands) North America $ 12,273 $ 6,157 U.K. 997 883 Other foreign markets 2,244 848 Total consolidated gross profit $ 15,514 $ 7,888 * Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expense.
Schedule of depreciation and amortization expenses	Years Ended December 31, 2019 2018 Depreciation and amortization expenses (In thousands) North America $ 137 $ 103 U.K. 20 — Other foreign markets 5 6 Total consolidated depreciation and amortization expenses $ 162 $ 109
Schedule of segment identifiable assets	December 31, December 31, 2019 2018 Segment identifiable assets (In thousands) North America $ 9,937 $ 11,566 U.K. 4,135 1,634 Other foreign markets 3,286 4,038 Total consolidated identifiable assets $ 17,358 $ 17,238

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of lease related assets and liabilities	(in thousands) Classification on the Balance Sheet December 31, Assets Operating lease assets Operating lease right-of-use assets $ 122 Total lease assets $ 122 Liabilities Current liabilities: Operating lease liabilities Current operating lease liabilities $ 86 Noncurrent liabilities: Operating lease liabilities Long-term operating lease liabilities $ 27 Total lease liabilities $ 113
Schedule of operating lease cost	(in thousands) Year Ended Lease cost Classification Operating lease cost General and administrative expenses $ 60 Total lease cost $ 60
Schedule of cash flow information related to leases	(in thousands) Year Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 61 Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets $ 176
Schedule of weighted average remaining lease terms	Year Ended Weighted average remaining lease term - operating leases 1.67 years Weighted average discount rate - operating leases 12.00 %
Schedule of future minimum lease payments	Amounts due within twelve months of December 31, Operating Leases (in thousands) 2020 $ 96 2021 27 2022 9 Total minimum lease payments 132 Less: effect of discounting (19 ) Present value of future minimum lease payments 113 Less: current obligations under leases (86 ) Long-term lease obligations $ 27

Significant Accounting Polici_4

Significant Accounting Policies (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 3,839	$ 1,161
Restricted cash	2,389	4,366
Total cash, cash equivalents, and restricted cash	$ 6,228	$ 5,527	$ 7,356

Significant Accounting Polici_5

Significant Accounting Policies (Details 1)	12 Months Ended
	Dec. 31, 2019
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Residential Rental Properties [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	27 years 6 months
Furniture Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Purchased Software [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years

Significant Accounting Polici_6

Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total revenue	$ 75,496	$ 76,169
North America [Member]
Total revenue	54,427	53,049
U.K. [Member]
Total revenue	4,128	3,229
Other Foreign Markets [Member]
Total revenue	16,941	19,891
Seminars [Member]
Total revenue	43,622	46,863
Seminars [Member] | North America [Member]
Total revenue	32,714	32,504
Seminars [Member] | U.K. [Member]
Total revenue	2,562	1,910
Seminars [Member] | Other Foreign Markets [Member]
Total revenue	8,346	12,449
Products [Member]
Total revenue	14,322	15,734
Products [Member] | North America [Member]
Total revenue	9,404	11,342
Products [Member] | U.K. [Member]
Total revenue	1,141	918
Products [Member] | Other Foreign Markets [Member]
Total revenue	3,777	3,474
Coaching and Mentoring [Member
Total revenue	10,167	9,543
Coaching and Mentoring [Member | North America [Member]
Total revenue	5,564	5,372
Coaching and Mentoring [Member | U.K. [Member]
Total revenue	138	219
Coaching and Mentoring [Member | Other Foreign Markets [Member]
Total revenue	4,465	3,952
Online and Subscription [Member]
Total revenue	2,427	1,143
Online and Subscription [Member] | North America [Member]
Total revenue	2,070	1,112
Online and Subscription [Member] | U.K. [Member]
Total revenue	6	15
Online and Subscription [Member] | Other Foreign Markets [Member]
Total revenue	351	16
Other [Member]
Total revenue	4,958	2,886
Other [Member] | North America [Member]
Total revenue	4,675	2,719
Other [Member] | U.K. [Member]
Total revenue	281	167
Other [Member] | Other Foreign Markets [Member]
Total revenue	$ 2

Significant Accounting Polici_7

Significant Accounting Policies (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 17, 2020	Dec. 31, 2019	Dec. 31, 2018
Significant Accounting Policies (Textual)
Description of deferred revenue recognized		We had deferred revenue of $46.5 million and $44.2 million related to contractual commitments with customers where the performance obligation will be satisfied over time, which ranges from one to two years as of December 31, 2019 and 2018, respectively.
Deferred course expenses training events term		45 days
Recognized gain		$ 41,000
Subsequent Event [Member]
Significant Accounting Policies (Textual)
Amount of sold property	$ 390,600
Recognized gain	$ 33,100

Concentration Risk (Details)

Concentration Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Concentration Risk (Textual)
Cash balances without FDIC	$ 2,500	$ 1,100
Percentage of revenue	100.00%	100.00%
Rich Dad Brands [Member]
Concentration Risk (Textual)
Percentage of revenue	84.60%	88.00%

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Major classes of assets
Cash and cash equivalents	$ 3,839	$ 1,161
Perpaid expenses and other current assets	2,074	2,987
Inventory	47	55
Property and equipment, net	1,382	1,849
Discontinued operations-other assets		3,148
Major classes of liabilities
Accounts payable	2,311	2,589
Discontinued Operations [Member]
Major classes of assets
Cash and cash equivalents		396
Restricter cash		714
Deferrend course expenses		1,859
Perpaid expenses and other current assets		145
Inventory		34
Discontinued operations-current assets		3,148
Property and equipment, net		31
Other assets		143
Discontinued operations-other assets		174
Total major classes of assets-discontinued operations		3,322
Major classes of liabilities
Accounts payable	3,408	2,373
Accrued coures expenses	472	391
Accrued salaries, wages and benefits		174
other accrued expenses	619	698
Deferred revenue, current portion		13,186
Total major classes of liabilities-discontinued operations	$ 4,499	$ 16,822

Discontinued Operations (Deta_2

Discontinued Operations (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue	$ 75,496	$ 76,169
Total operating costs and expenses	73,852	84,710
Discontinued Operations [Member]
Revenue	14,315	17,240
Total operating costs and expenses	15,647	17,778
Loos from discotinued operations	(1,332)	(538)
other income (expense), net	(359)	(402)
Gain on disposal of discontinued operations	8,300
Net gain (loss) from discontinued operations	$ 6,609	$ (940)

Discontinued Operations (Deta_3

Discontinued Operations (Details 2) - Discontinued Operations [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net cash used in operating activities	$ (350)	$ (284)
Net cash used in investing activities	(8)	(39)
Net cash provided by (used in) financing activities
Effect of exchange rate differences on cash	(752)	(115)
Net decrease in cash and cash equivalents and restricted cash	$ (1,110)	$ (438)

Discontinued Operations (Deta_4

Discontinued Operations (Details Textual)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations (Textual)
Discontinued operations, description	On November 26, 2019, Legacy UK's assets and deferred revenues sold for £300 thousand (British pounds) to Mayflower Alliance LTD.

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property and equipment	$ 7,800	$ 7,571
Less: accumulated depreciation	(6,418)	(6,471)
Property and equipment, net	1,382	1,849
Land [Member]
Property and equipment, net	782	782
Building and Residential Rental Properties [Member]
Property and equipment, net	1,168	1,549
Software [Member]
Property and equipment, net	2,607	2,606
Equipment [Member]
Property and equipment, net	1,697	1,833
Furniture And Fixtures [Member]
Property and equipment, net	305	307
Building and leasehold improvements [Member]
Property and equipment, net	$ 1,241	$ 1,243

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property and Equipment (Textual)
Depreciation expense on property and equipment	$ 100	$ 100

Short-Term and Long-Term Debt_2

Short-Term and Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Promissory notes	$ 500	$ 500
Current portion of long-term debt		12
Total short-term borrowings and current portion of long-term	$ 500	$ 512

Short-Term and Long-Term Debt_3

Short-Term and Long-Term Debt (Details 1) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Installment notes payable for equipment financing		$ 20
Less: current portion	500	512
Total long-term debt, net of current portion		$ 8

Short-Term and Long-Term Debt_4

Short-Term and Long-Term Debt (Details 2) $ in Thousands	Dec. 31, 2019USD ($)
Scheduled debt maturities
2020	$ 500
Total debt	$ 500

Short-Term and Long-Term Debt_5

Short-Term and Long-Term Debt (Details Textual) £ in Thousands, $ in Thousands	Sep. 13, 2019	Mar. 08, 2019	Jan. 21, 2019GBP (£)	Sep. 13, 2018USD ($)
Short-Term and Long-Term Debt (Textual)
Principal amount				$ 500
Debt interest fixed rate	12.00%	12.00%		12.00%
Promissory note fixed rate	30.00%	30.00%		30.00%
Proceeds repayment of debt				$ 459,269
Promissory amount due date	Mar. 13, 2020	Sep. 13, 2019		Mar. 13, 2019
Bridging Loan Agreement [Member]
Short-Term and Long-Term Debt (Textual)
Debt interest fixed rate			12.00%
Bridging Loan Agreement [Member] | GBP [Member]
Short-Term and Long-Term Debt (Textual)
Principal amount | £			£ 300
Mortgage and Security Agreement [Member]
Short-Term and Long-Term Debt (Textual)
Principal amount				$ 500

Share-Based Compensation (Detai

Share-Based Compensation (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of shares
Number of shares, Beginning balance	869	1,424
Number of shares, Granted
Number of shares, Forfeited
Number of shares, Ending balance	456	869
Weighted average grant date value
Weighted average grant date value, Beginning balance	$ 0.04	$ 0.21
Weighted average grant date value, Granted	0.20
Weighted average grant date value, Ending balance	$ 0.25	$ 0.04
Restricted Stock Units (RSUs) [Member]
Number of shares
Number of shares, Granted	55	120
Number of shares, Forfeited	(13)	(7)
Number of shares, Vested	(455)	(668)
Weighted average grant date value
Weighted average grant date value, Granted	$ 0.19	$ 0.22
Weighted average grant date value, Forfeitures	0.54	0.40
Weighted average grant date value, Vested	$ 0.36	$ 0.40

Share-Based Compensation (Det_2

Share-Based Compensation (Details Textual) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)Segments$ / sharesshares
Share-Based Compensation (Textual)
Number of incentive plan Segments | Segments		2
Stock-based compensation expense	$ 100,000	$ 200,000
Unrecognized compensation expense	$ 21,421	$ 106,489
Weighted-average period of cost	6 months
Grant date price per share | $ / shares	$ 0.20
Total grant date fair value	$ 7,000
Board of Directors Chairman [Member]
Share-Based Compensation (Textual)
Grant date price per share | $ / shares	$ 0.18	$ 0.22
Total grant date fair value	$ 3,600	$ 30
Restricted stock award grants | shares	20,000	120,000
Senior Management [Member]
Share-Based Compensation (Textual)
Restricted stock award grants | shares	34,650

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Employee Benefit Plan (Textual)
Employees contribution expense	$ 200	$ 200

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income/(loss) from continuing operations before income taxes:
U.S.	$ 4,271	$ (5,369)
Non-U.S.	(2,187)	(3,178)
Total income/(loss) from continuing operations before income taxes:	2,084	(8,547)
Current:
Federal	143	(56)
State	38	38
Non-U.S.	83
Total current	264	(18)
Deferred:
Federal		584
State
Non-U.S.	(190)	(97)
Total deferred	(190)	487
Noncurrent
Federal	(1,331)
State
Non-U.S.
Total noncurrent	(1,331)
Total income tax expense (benefit)	$ (1,257)	$ 469
Effective income tax rate	(60.30%)	(5.50%)

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Computed expected federal tax benefit (expense)	$ 438	$ (1,992)
(Decrease) Increase in valuation allowance	(546)	2,215
State income net of federal benefit	242	39
Non-U.S. income taxed at different rates	(62)	16
Unrecognized tax benefits	(1,331)	(16)
Foreign exchange adjustment		361
Foreign tax rate adjustment		1
Impact of change in enacted rates		1
Other	2	(156)
Income tax benefit (expense)	$ (1,257)	$ 469

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating losses	$ 5,688	$ 7,543
Accrued compensation, bonuses, severance	121	19
Allowance for bad debt		9
Impaired assets		240
Deferred revenue
Depreciation	269	30
Charitable Contribution Carryover		2
Tax credits		118
Valuation allowance	(4,736)	(6,870)
Total deferred tax assets	1,342	1,091
Deferred tax liabilities:
Deferred course expenses	(1,055)	(994)
Total deferred tax liabilities	(1,055)	(994)
Net deferred tax asset	$ 287	$ 97

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Unrecognized tax benefits - January 1	$ 1,640	$ 1,657
Gross increases - tax positions in prior period		2
Gross decreases - tax positions in prior period	(1,331)	(19)
Unrecognized tax benefits - December 31	$ 309	$ 1,640

Income Taxes (Details 4)

Income Taxes (Details 4) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Reduction of net operating loss carryforwards	$ 309	$ 309
Reduction of tax credit carryforwards
Total reductions of deferred tax assets	309	309
Noncurrent tax liability (reflected in Other long-term liabilities)		1,331
Total liability for unrecognized tax benefits	$ 309	$ 1,640

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes (Textual)
Deferred tax assets, valuation allowance	$ 4,736	$ 6,870
Income tax benefit (expense)	(1,257)	469
Changes in valuation allowance	4,700	4,500
Foreign currency transaction adjustment	0	400
Decrease in valuation allowance	600	2,200
Liability pertaining to uncertain tax positions	300	1,600
Accrued interest and penalties on uncertain tax positions	40	40
Unrecognized tax benefits that would impact effective tax rate	$ 30	$ 1,600
Effective income tax rate	(60.30%)	(5.50%)
Net operating loss carryforwards, Expiration Term	The foreign loss carryforwards begin to expire in 2027 and the state net operating loss carryforwards begin to expire in 2024.
Statutory corporate tax rate	21.00%
U.S. and U.K.[Member]
Income Taxes (Textual)
Deferred tax assets, valuation allowance	$ 1,800	$ 1,900
Federal [Member]
Income Taxes (Textual)
Net operating loss carryforwards	4,800	8,400
Foreign [Member]
Income Taxes (Textual)
Net operating loss carryforwards	19,700	25,000
State [Member]
Income Taxes (Textual)
Net operating loss carryforwards	$ 8,900	$ 14,300

Certain Relationships and Rel_2

Certain Relationships and Related Transactions (Details) - USD ($) $ in Thousands	Sep. 01, 2013	Dec. 31, 2019
Certain Relationships and Related Transactions (Textual)
Description of certain relationships and related transactions		(i) terminated by one party upon the event of certain specified defaults of the party, or (ii) by either party without cause upon thirty (30) days prior written notice to the other party. Under the Supplemental Agreement with Mr. Roberts, we pay Mr. Roberts a royalty on revenues realized from the sale of Robbie Fowler-branded property courses and affiliated products that are collected within thirty (30) days after a Company-sponsored Martin Roberts-branded event, after deductions for value added taxes, banking charges, returns, refunds, and third party commissions. For sales to clients introduced to us directly by Mr. Roberts and his associated websites as well as other marketing and promotional activities Mr. Roberts or his associated companies may wish to undertake from time to time that are not part of a Company sponsored event and which result in the sale of ours basic training her marketing and promotional activities, Mr. Roberts is entitled to 50% of gross revenue from such sales of directly introduced clients.
Rich Dad Operating Company Llc [Member] | License Agreement [Member]
Certain Relationships and Related Transactions (Textual)
Forgiveness of debt	$ 1,600
Debt converted into common stock, value	$ 4,600
Debt converted into common stock, shares	1,549,882
Settlement with RDOC		Amend the 2013 License Agreement to halve the royalty payable by us to RDOC to 2.5% for the whole of 2014, (ii) cancel approximately $1.3 million in debt owed by us to RDOC, (iii) reimburse us for certain legal expenses, and (iv) cancel RDOC’s right to appoint one member of our Board of Directors.

Capital Stock (Details)

Capital Stock (Details) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Capital Stock (Textual)
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, shares outstanding	23,162,502	23,120,852
Capital stock issued, outstanding percentage	10.00%

Earnings Per Share (''EPS'') (D

Earnings Per Share (''EPS'') (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Basic:
Net Income (loss) From Continuing Operations	$ 3,341	$ (9,016)
Amounts allocated to unvested restricted shares, Net Income (loss) From Continuing Operations	(61,000)
Amounts available to common stockholders, Net Income (loss) From Continuing Operations	$ 3,280	$ (9,016)
Weighted Average Shares Outstanding	22,716,000	23,014,000
Amounts allocated to unvested restricted shares, Weighted Average Shares Outstanding	(425,000)
Amounts available to common stockholders, Weighted Average Shares Outstanding	22,716,000	23,014,000
Amounts available to common stockholders, Earnings Per Share	$ 0.43	$ (0.43)
Diluted:
Amounts allocated to unvested restricted shares, Net Income (loss) From Continuing Operations	$ 61
Amounts reallocated to unvested restricted shares, Net Income (loss) From Continuing Operations	(63)
Amounts available to stockholders, Net Income (loss) From Continuing Operations	$ 3,278	$ 9,016
Amounts allocated to unvested restricted shares, Weighted Average Shares Outstanding	425,000
Amounts reallocated to unvested restricted shares, Weighted Average Shares Outstanding
Amounts available to stockholders, Weighted Average Shares Outstanding	23,141,000	23,014,000
Amounts available to stockholders, Earnings Per Share	$ 0.42	$ (0.43)
Basic:
Net Income (loss) From discontinuing Operations	$ 6,609	$ (940)
Amounts allocated to unvested restricted shares, Net Income (loss) From discontinuing Operations	(121,000)
Amounts available to common stockholders, Net Income (loss) From discontinuing Operations	$ 6,488	$ (940)
Weighted Average Shares Outstanding	23,141,000	23,014,000
Amounts allocated to unvested restricted shares, Weighted Average Shares Outstanding	(425,000)
Amounts available to common stockholders, Weighted Average Shares Outstanding	22,716,000	23,014,000
Amounts available to common stockholders, Earnings Per Share	$ 0.29	$ (0.04)
Diluted:
Amounts allocated to unvested restricted shares, Net Income (loss) From discontinuing Operations	$ 121
Amounts reallocated to unvested restricted shares, Net Income (loss) From discontinuing Operations	(124)
Amounts available to stockholders, Net Income (loss) From discontinuing Operations	$ 6,485	$ (940)
Amounts allocated to unvested restricted shares, Weighted Average Shares Outstanding	425,000
Amounts reallocated to unvested restricted shares, Weighted Average Shares Outstanding
Amounts available to stockholders, Weighted Average Shares Outstanding	23,141,000	23,014,000
Amounts available to stockholders, Earnings Per Share	$ 0.28	$ (0.04)
Basic:
Net Income (loss) Operation	$ 9,950	$ (9,956)
Amounts allocated to unvested restricted shares, Net Income (loss)	(183,000)
Amounts available to common stockholders, Net Income (loss)	$ 9,767	$ (9,956)
Weighted Average Shares Outstanding	23,141,000	23,014,000
Amounts allocated to unvested restricted shares, Weighted Average Shares Outstanding	(425,000)
Amounts available to common stockholders, Weighted Average Shares Outstanding	22,716,000	23,014,000
Amounts available to common stockholders, Earnings Per Share	$ 0.14	$ (0.39)
Diluted:
Amounts allocated to unvested restricted shares, Net Income (loss)	$ 183
Amounts reallocated to unvested restricted shares, Net Income	(186)
Amounts available to stockholders, Net Income	$ 9,764
Amounts allocated to unvested restricted shares, Weighted Average Shares Outstanding	425,000
Amounts reallocated to unvested restricted shares, Weighted Average Shares Outstanding
Amounts available to stockholders, Weighted Average Shares Outstanding	23,141,000	23,014,000
Amounts available to stockholders, Earnings Per Share	$ 0.42	$ (0.43)

Earnings Per Share (''EPS'') _2

Earnings Per Share (''EPS'') (Details Textual) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share (''EPS'') (Textual)
Weighted average unvested restricted stock awards outstanding	424,531	843,095

Segment Information (Details)

Segment Information (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total consolidated revenue	100.00%	100.00%
North America [Member]
Segment Reporting Information [Line Items]
Total consolidated revenue	72.10%	69.60%
U.K. [Member]
Segment Reporting Information [Line Items]
Total consolidated revenue	5.50%	4.20%
Other foreign markets [Member]
Segment Reporting Information [Line Items]
Total consolidated revenue	22.40%	26.20%

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total consolidated revenue		$ 75,496	$ 76,169
Total consolidated gross profit	[1]	15,514	7,888
North America [Member]
Segment Reporting Information [Line Items]
Total consolidated revenue		54,427	53,049
Total consolidated gross profit	[1]	12,273	6,157
U.K. [Member]
Segment Reporting Information [Line Items]
Total consolidated revenue		4,128	3,229
Total consolidated gross profit	[1]	997	883
Other foreign markets [Member]
Segment Reporting Information [Line Items]
Total consolidated revenue		16,941	19,891
Total consolidated gross profit	[1]	$ 2,244	$ 848
[1]	Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expense.

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization expenses	$ 162	$ 109
North America [Member]
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization expenses	137	103
U.K. [Member]
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization expenses	20
Other foreign markets [Member]
Segment Reporting Information [Line Items]
Total consolidated depreciation and amortization expenses	$ 5	$ 6

Segment Information (Details 3)

Segment Information (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total consolidated identifiable assets	$ 17,358	$ 20,560
North America [Member]
Segment Reporting Information [Line Items]
Total consolidated identifiable assets	9,937	11,566
U.K. [Member]
Segment Reporting Information [Line Items]
Total consolidated identifiable assets	4,135	1,634
Other foreign markets [Member]
Segment Reporting Information [Line Items]
Total consolidated identifiable assets	$ 3,286	$ 4,038

Segment Information (Details Te

Segment Information (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Information (Textual)
U.S. long-lived assets	$ 1,000	$ 1,100
International long-lived assets	$ 400	$ 700

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	1 Months Ended			12 Months Ended
	Jul. 31, 2019	Jun. 21, 2013	Mar. 16, 2012	Dec. 31, 2019	Dec. 31, 2018	May 31, 2019
Commitments and Contingencies (Textual)
Royalty expenses				$ 3,458	$ 3,350
Deposits held by credit card processors				$ 2,300	$ 5,000
Commitments and contingencies, Description				Total royalty expenses included in our Consolidated Statement of Operations and Comprehensive Income (Loss) for the years ended December 31, 2019 and 2018 were $3.4 million and $3.4 million, respectively.
Credit card merchant reserve account deposit			$ 8,300
Proof of claim amount for Bankruptcy Court		$ 8,300
Received from settlement amount	$ 400
Oracle NetSuite [Member]
Commitments and Contingencies (Textual)
Accounts Payable other current						$ 100

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Operating lease assets	$ 122
Total lease assets	122
Current liabilities:
Operating lease liabilities	86
Noncurrent liabilities:
Operating lease liabilities	27
Total lease liabilities	$ 113

Leases (Details 1)

Leases (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost / General and administrative expenses	$ 60
Total lease cost	$ 60

Leases (Details 2)

Leases (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 61
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets	$ 176

Leases (Details 3)

Leases (Details 3)	Dec. 31, 2019
Leases [Abstract]
Weighted average remaining lease term - operating leases	1 year 8 months 2 days
Weighted average discount rate - operating leases	12.00%

Leases (Details 4)

Leases (Details 4) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 96
2021	27
2022	9
Total minimum lease payments	132
Less: effect of discounting	(19)
Present value of future minimum lease payments	113
Less: current obligations under leases	(86)
Long-term lease obligations	$ 27