The write off of impaired goodwill for a subsidiary coupled with a charge that reduced its deferred tax asset pushed educational specialist SmartPros to a loss of $1.9 million for the year ended December 31. That compared to net income of $154,125 for 2011. Meanwhile, revenue for the recently ended year dropped to $15.9 million, down 6.4 percent from nearly $17 million for the prior year. Read more...