Segment Information |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Segment Information [Abstract] | |
| Segment Information | NOTE 11 – SEGMENT INFORMATION The Company classifies its business operations into one segment as follows: Services & Support: provides technology solutions that address prevalent IT challenges, including network resiliency, security products and services, network virtualization, and cloud migrations, IT managed services, wired and wireless network design and implementation, and converged infrastructure configuration, deployment and management. Management has chosen to historically organize the Company and disclose reportable segments based on our products and services. Intercompany 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 E&S that do not meet the criteria to be included in income from discontinued operations. Information concerning the Company’s continuing operations in its S&S segment for the three and nine month periods ended September 30, 2021 and 2020 are as follows: Services & Intercompany Support Other Eliminations TotalThree Months Ended September 30, 2021 Sales $ 1,947,000 $ — $ (119,000) $ 1,828,000Cost of sales 1,113,000 — — 1,113,000Gross profit 834,000 — (119,000) 715,000Selling, general and administrative expenses 669,000 1,138,000 (119,000) 1,688,000Amortization expense 110,000 — 110,000Transaction costs — 543,000 — 543,000Restructuring expense — 242,000 — 242,000Operating income (loss) 55,000 (1,923,000) — (1,868,000)Other income 4,000 66,000 — 70,000Income (loss) before income tax $ 59,000 $ (1,857,000) $ — $ (1,798,000) Depreciation and amortization $ 133,000 $ 72,000 $ — $ 205,000 Capital expenditures $ 5,000 $ 9,000 $ — $ 14,000 Assets $ 6,776,000 $ 50,213,000 $ (27,000) $ 56,962,000 Services & Intercompany Support Other Eliminations TotalThree Months Ended September 30, 2020 Sales $ 3,530,000 $ — $ (176,000) $ 3,354,000Cost of sales 2,190,000 — (9,000) 2,181,000Gross profit 1,340,000 — (167,000) 1,173,000Selling, general and administrative expenses 803,000 1,324,000 (167,000) 1,960,000Amortization expense 106,000 — — 106,000Transaction costs — 72,000 — 72,000Operating income (loss) 431,000 (1,396,000) — (965,000)Other income — 275,000 — 275,000Income (loss) before income tax $ 431,000 $ (1,121,000) $ — $ (690,000) Depreciation and amortization $ 146,000 $ 128,000 $ — $ 274,000 Capital expenditures $ — $ 79,000 $ — $ 79,000 Assets $ 8,334,000 $ 47,410,000 $ (27,000) $ 55,717,000 Services & Intercompany Support Other Eliminations TotalNine Months Ended September 30, 2021 Sales $ 5,719,000 $ — $ (406,000) $ 5,313,000Cost of sales 3,459,000 — — 3,459,000Gross profit 2,260,000 — (406,000) 1,854,000Selling, general and administrative expenses 2,290,000 3,683,000 (406,000) 5,567,000Amortization expense 346,000 — — 346,000Transaction costs — 1,855,000 — 1,855,000Restructuring expense — 242,000 — 242,000Operating loss (376,000) (5,780,000) — (6,156,000)Other income (expense) 20,000 (186,000) — (166,000)Loss before income tax $ (356,000) $ (5,966,000) $ — $ (6,322,000) Depreciation and amortization $ 426,000 $ 218,000 $ — $ 644,000 Capital expenditures $ 11,000 $ 9,000 $ — $ 20,000 Services & Intercompany Support Other Eliminations TotalNine Months Ended September 30, 2020 Sales $ 5,882,000 $ — $ (561,000) $ 5,321,000Cost of sales 3,792,000 — (36,000) 3,756,000Gross profit 2,090,000 — (525,000) 1,565,000Selling, general and administrative expenses 1,614,000 3,928,000 (525,000) 5,017,000Amortization expense 106,000 — — 106,000Transaction costs — 486,000 — 486,000Operating income (loss) 370,000 (4,414,000) — (4,044,000)Other income — 948,000 — 948,000Income (loss) before income tax $ 370,000 $ (3,466,000) $ — $ (3,096,000) Depreciation and amortization $ 178,000 $ 443,000 $ — $ 621,000 Capital expenditures $ 1,000 $ 100,000 $ — $ 101,000 |