Item 2.02 - Results of Operations and Financial Condition.

The Company anticipates that an expense may be recognized during the fourth quarter of 2021, subject to completion of the Company's year-end audit, as described herein under Item 8.01, incorporated herein by reference.




Item 8.01 - Other Events

Perma-Fix Environmental Services, Inc. (the "Company") is filing this Current Report on Form 8-K (the "Form 8-K") solely to reflect the discontinued operation of the Company's Medical Segment business, as described below.

As previously reported in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, the Company's Medical Segment business, conducted through the Company's majority-owned subsidiary, Perma-Fix Medical S. A., a joint stock company organized under the laws of Poland ("PFM Poland"), and PFM Poland's wholly-owned subsidiary, Perma-Fix Medical Corporation, a Delaware corporation ("PFMC"), has not generated any revenue and has substantially reduced R&D costs and activities due to the need for capital to fund such activities. During the three months ended December 31, 2021, the Company made the strategic decision to discontinue and exit its Medical Segment business and, in connection therewith, the Company executed a Sale of Shares Agreement on December 30, 2021, whereby it sold 100% of its interest in PFM Poland to a Polish investor for a nominal amount. As a condition precedent to the Sale of Shares Agreement, the Company acquired PFMC after its conversion to a Delaware limited liability company. The acquisition by the Company of the limited liability company was effected on December 29, 2021. Additionally, as a further condition precedent to the Sale of Shares Agreement, the Company agreed to release PFM Poland from unsatisfied trade payables owed by PFM Poland to the Company, totaling approximately PLN 9,660,733 (approximately USD $2,384,027) as of December 30, 2021. In connection therewith, the Company executed a Debt Release Agreement dated December 30, 2021. The Company anticipates that it will deconsolidate PFM Poland from its 2021 financial statements, subject to completion of the Company's year-end audit, which would result in a non-cash loss of approximately $1.9 million from the elimination of Minority Interest.

Item 9.01 - Financial Statements and Exhibits





(d) Exhibits




  Exhibit Number   Description

  104              Cover Page Interactive Data File (embedded within the Inline
                   XBRL document)

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