Information Concerning Industry Segments and Major Customers |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Information Concerning Industry Segments and Major Customers [Abstract] | |
| Information Concerning Industry Segments and Major Customers | NOTE 14 - INFORMATION CONCERNING INDUSTRY SEGMENTS AND MAJOR CUSTOMERS The Company classifies its business operations into one segment, the Services & Support (“S&S”) segment. Management has chosen to organize the enterprise and disclose reportable segments based on products and services. Intersegment revenues are eliminated upon consolidation. “Other” includes non-allocated corporate overhead costs. As a result of our treatment of Suttle and the E&S Segment as discontinued operations, “Other” includes amounts previously allocated to Suttle and the E&S Segment that do not meet the criteria to be included in income from discontinued operations. Services & Support operates in the U.S. and primarily makes sales in the U.S. Consolidated sales to U.S. customers were approximately 98% and 99% of sales from continuing operations in 2021 and 2020 respectively. In 2021, no customers had sales greater than 10% of consolidated sales. In 2020, sales to one customer accounted for 54% consolidated sales. At December 31, 2021, Services & Support had one customer that made up 53% of consolidated accounts receivable. At December 31, 2020, Services & Support had one customer that made up 87% of consolidated accounts receivable. Information concerning the Company’s operations in the various segments for the years ended December 31, 2021 and 2020 is as follows: Services & Intersegment Support Other Eliminations Total2021 Sales $ 7,483,000 $ — $ (473,000) $ 7,010,000Cost of sales 4,576,000 — — 4,576,000Gross profit 2,907,000 — (473,000) 2,434,000Selling, general and administrative expenses 2,906,000 4,722,000 (500,000) 7,128,000Amortization expense 457,000 — — 457,000Transaction costs — 2,347,000 — 2,347,000Impairment loss — 206,000 — 206,000Restructuring expense — 468,000 — 468,000Operating (loss) income (456,000) (7,743,000) 27,000 (8,172,000)Other income 12,000 6,000 — 18,000(Loss) income from continuing operations before tax $ (444,000) $ (7,737,000) $ 27,000 $ (8,154,000) Depreciation and amortization $ 556,000 $ 266,000 $ — $ 822,000 Capital expenditures $ 11,000 $ 24,000 $ — $ 35,000 Assets $ 6,247,000 $ 13,827,000 $ — $ 20,074,000 Services & Intersegment Support Other Eliminations Total2020 Sales $ 8,777,000 $ — $ (697,000) $ 8,080,000Cost of sales 5,798,000 — (35,000) 5,763,000Gross profit 2,979,000 — (662,000) 2,317,000Selling, general and administrative expenses 2,464,000 5,250,000 (662,000) 7,052,000Amortization expense 205,000 — — 205,000Transaction costs — 685,000 — 685,000Operating income (loss) 310,000 (5,935,000) — (5,625,000)Other (expense) income (32,000) 964,000 — 932,000Income (loss) from continuing operations before tax $ 278,000 $ (4,971,000) $ — $ (4,693,000) Depreciation and amortization $ 292,000 $ 516,000 $ — $ 808,000 Capital expenditures $ 14,000 $ 155,000 $ — $ 169,000 Assets $ 8,521,000 $ 47,062,000 $ (27,000) $ 55,556,000 |