Perma-Fix discontinues Medical Segment, sells PFM Poland for nominal amount, expects $1.9M loss

PERMA FIX ENVIRONMENTAL SERVICES INC

Sold 100% interest in Perma-Fix Medical S.A. (Poland) to a Polish investor for nominal amount on Dec 30, 2021.
Released PFM Poland from trade payables of approx. PLN 9.66M (~$2.38M) as part of sale.
Expects non-cash loss of ~$1.9M from elimination of Minority Interest upon deconsolidation.
Medical Segment had no revenue and minimal R&D activities due to capital constraints.
Also acquired PFMC after conversion to LLC on Dec 29, 2021, as condition precedent.

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