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v3.20.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Information |
Schedule of segment reporting information |
|  | (Unaudited) |  | (Unaudited)
|  | Nine months ended September 30, |  | Three months ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Climb Channel Solutions |  | $ | 168,537 |  | $ | 136,189 |  | $ | 57,059 |  | $ | 48,815
TechXtend |  |  | 11,587 |  |  | 11,708 |  |  | 3,860 |  |  | 3,548
|  |  | 180,124 |  |  | 147,897 |  |  | 60,919 |  |  | 52,363
Gross Profit: |  |  |  |  |  |  |  |  |  |  |  |
Climb Channel Solutions |  | $ | 20,390 |  | $ | 19,708 |  | $ | 6,585 |  | $ | 6,386
TechXtend |  |  | 2,125 |  |  | 2,400 |  |  | 652 |  |  | 669
|  |  | 22,515 |  |  | 22,108 |  |  | 7,237 |  |  | 7,055
Direct Costs: |  |  |  |  |  |  |  |  |  |  |  |
Climb Channel Solutions |  | $ | 8,387 |  | $ | 7,520 |  | $ | 2,993 |  | $ | 2,481
TechXtend |  |  | 992 |  |  | 1,124 |  |  | 275 |  |  | 316
|  |  | 9,379 |  |  | 8,644 |  |  | 3,268 |  |  | 2,797
Segment Income Before Taxes: (1) |  |  |  |  |  |  |  |  |  |  |  |
Climb Channel Solutions |  | $ | 12,003 |  | $ | 12,188 |  | $ | 3,592 |  | $ | 3,905
TechXtend |  |  | 1,133 |  |  | 1,276 |  |  | 377 |  |  | 353
Segment Income Before Taxes |  |  | 13,136 |  |  | 13,464 |  |  | 3,969 |  |  | 4,258
General and administrative |  | $ | 7,890 |  | $ | 7,531 |  | $ | 2,889 |  | $ | 2,290
Legal and financial advisory expenses, net - unsolicited bid and related matters |  |  | 1,752 |  |  | — |  |  | (81) |  |  | —
Acquisition related costs |  |  | 982 |  |  | — |  |  | 344 |  |  | —
Interest, net |  |  | 105 |  |  | 416 |  |  | 19 |  |  | 118
Foreign currency transaction gain |  |  | 211 |  |  | 39 |  |  | (67) |  |  | (52)
Income before taxes |  | $ | 2,828 |  | $ | 6,388 |  | $ | 769 |  | $ | 2,034
| (1) |  | Excludes general corporate expenses including interest and foreign currency translation expenses.
|  | (Unaudited) |  |  |
|  | As of |  | As of |
|  | September 30, |  | December 31, |
Selected Assets by Segment: |  | 2020 |  | 2019 |
Climb Channel Solutions |  | $ | 86,593 |  | $ | 99,602 |
TechXtend |  |  | 2,962 |  |  | 5,603 |
Segment Select Assets |  |  | 89,555 |  |  | 105,205 |
Corporate Assets |  |  | 46,653 |  |  | 21,076 |
Total Assets |  | $ | 136,208 |  | $ | 126,281 |
Summary of disaggregation of segment revenue |
|  | Nine months ended |  | Three months ended |
|  | (Unaudited) |  | (Unaudited) |
Disaggregation of Revenue: |  | September 30, |  | September 30, |  | September 30, |  | September 30, |
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |
Climb Channel Solutions |  |  |  |  |  |  |  |  |  |  |  |  |
Hardware, software and other products |  | $ | 155,039 |  | $ | 122,967 |  | $ | 52,706 |  | $ | 44,308 |
Software - security & highly interdependent with support |  |  | 5,775 |  |  | 5,162 |  |  | 2,042 |  |  | 1,670 |
Maintenance, support & other services |  |  | 7,723 |  |  | 8,060 |  |  | 2,311 |  |  | 2,837 |
Net Sales |  | $ | 168,537 |  | $ | 136,189 |  | $ | 57,059 |  | $ | 48,815 |
TechXtend |  |  |  |  |  |  |  |  |  |  |  |  |
Hardware, software and other products |  | $ | 10,912 |  | $ | 10,515 |  | $ | 3,664 |  | $ | 3,200 |
Software - security & highly interdependent with support |  |  | 64 |  |  | 255 |  |  | 17 |  |  | 128 |
Maintenance, support & other services |  |  | 611 |  |  | 938 |  |  | 179 |  |  | 220 |
Net Sales |  | $ | 11,587 |  | $ | 11,708 |  | $ | 3,860 |  | $ | 3,548 |

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