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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
Table 16: Results of Operations by Business Segment
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
| (in thousands)
Revenues |  |  |  |  |  |  |
Security Solutions | $ | 18,332 |  |  | $ | 19,795 |  |  | $ | 54,839 |  |  | $ | 56,764 |
Secure Networks | 5,451 |  |  | 16,391 |  |  | 27,061 |  |  | 47,555 |
Total revenue | 23,783 |  |  | 36,186 |  |  | 81,900 |  |  | 104,319 |
Cost of sales (excluding impairment loss, depreciation and amortization) |  |  |  |  |  |  |
Security Solutions | 9,201 |  |  | 8,498 |  |  | 26,505 |  |  | 25,304 |
Secure Networks | 4,616 |  |  | 12,730 |  |  | 21,444 |  |  | 37,870 |
Total cost of sales (excluding impairment loss, depreciation and amortization) | 13,817 |  |  | 21,228 |  |  | 47,949 |  |  | 63,174 |
Impairment loss on intangible assets |  |  |  |  |  |  |
Security Solutions | 5,333 |  |  | — |  |  | 5,333 |  |  | — |
Secure Networks | — |  |  | — |  |  | — |  |  | — |
Total impairment loss on intangible assets | 5,333 |  |  | — |  |  | 5,333 |  |  | — |
Depreciation and amortization |  |  |  |  |  |  |
Security Solutions | 1,488 |  |  | 1,943 |  |  | 4,800 |  |  | 2,281 |
Secure Networks | 2 |  |  | 2 |  |  | 7 |  |  | 10 |
Total depreciation and amortization | 1,490 |  |  | 1,945 |  |  | 4,807 |  |  | 2,291 |
Gross profit |  |  |  |  |  |  |
Security Solutions | 2,310 |  |  | 9,354 |  |  | 18,201 |  |  | 29,179 |
Secure Networks | 833 |  |  | 3,659 |  |  | 5,610 |  |  | 9,675 |
Total gross profit | 3,143 |  |  | 13,013 |  |  | 23,811 |  |  | 38,854 |
Operating expenses (1) | 32,007 |  |  | 22,706 |  |  | 69,757 |  |  | 70,984 |
Operating loss | (28,864) |  |  | (9,693) |  |  | (45,946) |  |  | (32,130) |
Other income | 983 |  |  | 1,222 |  |  | 3,299 |  |  | 5,367 |
Interest expense | (157) |  |  | (178) |  |  | (492) |  |  | (611) |
Loss before income taxes | (28,038) |  |  | (8,649) |  |  | (43,139) |  |  | (27,374) |
Provision for income taxes | (17) |  |  | (23) |  |  | (51) |  |  | (68) |
Net loss | $ | (28,055) |  |  | $ | (8,672) |  |  | $ | (43,190) |  |  | $ | (27,442) |
(1) This includes an impairment loss of $6.4 million for the three and nine months ended September 30, 2024, and $0.3 million for the three and nine months ended September 30, 2023.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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