The tables below (in thousands) reflect the operating results of the Company’s segments for the reported periods, consistent with the management and measurement system utilized within the Company. The two segments include (1) the Company’s retail stores, and (2) its Cooltech Distribution business. Performance measurement of each segment is based on sales, gross profit and operating loss. The segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the Chief Operating Decision Maker (“CODM”) in determining how to allocate Company resources and evaluate performance. The CODM is a committee comprised of the Company’s Chief Executive Officer and Chief Financial Officer.

	Retail Stores			Cooltech Distribution			Total Segments
Year ended December 31, 2019:
Net sales	$	28,312		$	2,073		$	30,385
Gross profit	$	6,949		$	95		$	7,044
Operating loss	$	(2,969	)	$	(1,138	)	$	(4,107	)

Year ended December 31, 2018:
Net sales	$	5,288		$	6,327		$	11,615
Gross profit	$	1,086		$	472		$	1,558
Operating loss	$	(1,606	)	$	(1,276	)	$	(2,882	)

Reconciliation of Operating Loss to Cool Holdings as Reported:
	Year Ended
	December 31,
	2019			2018
Operating loss:
Total reportable segments	$	(4,107	)	$	(2,882	)
Unallocated corporate expenses		(9,142	)		(6,715	)
Total consolidated operating loss	$	(13,249	)	$	(9,597	)

Additional segment information for the years ended December 31, 2019 and 2018 is as follows (in thousands):

	Retail Stores		Cooltech Distribution		Total Segments		Corporate		Consolidated
As of and for the year ended December 31, 2019:
Depreciation and amortization	$	270	$	5	$	275	$	116	$	391
Goodwill and intangible impairments		—		—		—		—		—
Capital expenditures		59		—		59		2		61
Property and equipment, net		824		3		827		31		858
Total assets		21,276		208		21,484		6,365		27,849

As of and for the year ended December 31, 2018:
Depreciation and amortization	$	78	$	7	$	85	$	81	$	166
Goodwill and intangible impairments		1,425		—		1,425		—		1,425
Capital expenditures		462		—		462		5		467
Property and equipment, net		425		8		433		105		538
Total assets		1,645		906		2,551		11,139		13,690