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v3.21.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
Revenue: | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 54,820 | ​ | $ | 57,264
Solutions | ​ |  | 7,993 | ​ |  | 5,354
​ | ​ |  | 62,813 | ​ |  | 62,618
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 7,874 | ​ | $ | 7,162
Solutions | ​ |  | 2,969 | ​ |  | 1,002
​ | ​ |  | 10,843 | ​ |  | 8,164
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 3,913 | ​ | $ | 2,637
Solutions | ​ |  | 1,408 | ​ |  | 462
​ | ​ |  | 5,321 | ​ |  | 3,099
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 3,961 | ​ | $ | 4,525
Solutions | ​ |  | 1,561 | ​ |  | 540
Segment Income Before Taxes | ​ |  | 5,522 | ​ |  | 5,065
​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 3,091 | ​ | $ | 2,305
Legal and financial advisory expenses, net - unsolicited bid and related matters | ​ | ​ | — | ​ | ​ | 1,323
Acquisition related costs | ​ | ​ | — | ​ | ​ | 403
Amortization and depreciation expense | ​ | ​ | 399 | ​ | ​ | 96
Interest, net | ​ | ​ | 10 | ​ | ​ | 62
Foreign currency transaction (loss) gain | ​ |  | (91) | ​ |  | 115
Income before taxes | ​ | $ | 1,951 | ​ | $ | 1,115
​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction (loss) gain.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | March 31, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2021 | ​ | 2020 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 109,402 | ​ | $ | 100,841 | ​
Solutions | ​ |  | 5,697 | ​ |  | 7,304 | ​
Segment Select Assets | ​ |  | 115,099 | ​ |  | 108,145 | ​
Goodwill and Intangible Assets | ​ | ​ | 20,379 | ​ | ​ | 19,592 | ​
Corporate Assets | ​ |  | 42,232 | ​ |  | 37,796 | ​
Total Assets | ​ | $ | 177,710 | ​ | $ | 165,533 | ​
​
Summary of disaggregation of revenue according to revenue type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended
​ | ​ | March 31, 2021
​ | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 41,084 | ​ | $ | 4,979 | ​ | $ | 46,063
Europe and United Kingdom | ​ |  | 7,246 | ​ |  | 2,743 | ​ |  | 9,989
Canada | ​ |  | 6,490 | ​ |  | 271 | ​ |  | 6,761
Total net sales | ​ | $ | 54,820 | ​ | $ | 7,993 | ​ | $ | 62,813
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 49,357 | ​ | $ | 6,150 | ​ | $ | 55,507
Transferred at a point in time where the Company is agent (2) | ​ |  | 5,463 | ​ |  | 1,843 | ​ |  | 7,306
Total net sales | ​ | $ | 54,820 | ​ | $ | 7,993 | ​ | $ | 62,813
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended
​ | ​ | March 31, 2020
​ | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 53,104 | ​ | $ | 4,797 | ​ | $ | 57,901
Europe and United Kingdom | ​ |  | 1,776 | ​ |  | — | ​ |  | 1,776
Canada | ​ |  | 2,384 | ​ |  | 557 | ​ |  | 2,941
Total net sales | ​ | $ | 57,264 | ​ | $ | 5,354 | ​ | $ | 62,618
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 52,493 | ​ | $ | 5,089 | ​ | $ | 57,582
Transferred at a point in time where the Company is agent (2) | ​ |  | 4,771 | ​ |  | 265 | ​ |  | 5,036
Total net sales | ​ | $ | 57,264 | ​ | $ | 5,354 | ​ | $ | 62,618
​
(1) | Includes net sales from third-party hardware and software products.
​
(2) | Includes net sales from third-party maintenance, software support and services.
Schedule of net sales to identifiable assets by geographic areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | December 31, |
Identifiable Assets by Geographic Areas | ​ | 2021 |  | 2020 | ​
USA | ​ | $ | 108,954 | ​ | $ | 114,126 | ​
Canada | ​ | ​ | 24,691 | ​ | ​ | 18,514 | ​
Europe and United Kingdom | ​ | ​ | 23,686 | ​ | ​ | 13,301 | ​
Unallocated | ​ |  | 20,379 | ​ |  | 19,592 | ​
Total | ​ | $ | 177,710 | ​ | $ | 165,533 | ​

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