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Note 14 - Industry Segments
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE
14
.     
I
N
DUSTRY SEGMENTS
 
This summary presents our current segments, as described below.
 
General Indemnity Group, LLC
 
GIG conducts our insurance operations through its subsidiaries, Warnock, SSS, SCS, and UCS. SSS clients are multi-state and UCS, SCS, and Warnock clients are nationwide. Revenue consists of surety bond sales and insurance commissions. Currently, GIG’s corporate resources are used to support Warnock, SSS, SCS, and UCS and to make additional business acquisitions in the insurance industry.
 
Link Media Holdings, LLC
 
LMH conducts our billboard rental operations. LMH advertisers are located in Alabama, Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska, Nevada, Virginia, West Virginia, and Wisconsin.
 
 
     
 
 
    
 
 
    
 
 
  
Total
  
Three Months Ended March 31, 2020
  
GIG
    
LMH
    
Unallocated
    
Consolidated
  
                                 
Revenue
   $
3,927,163
     $
7,215,766
     $
267,251
     $
11,410,180
  
Segment gross profit
    
2,423,301
      
4,265,212
      
191,828
      
6,880,341
  
Segment income (loss) from operations
    
300,386
      
72,118
      
(1,552,476
 )    
(1,179,972
 )
Capital expenditures
    
-
      
599,059
      
-
      
599,059
  
Depreciation and amortization
    
141,946
      
1,641,385
      
-
      
1,783,331
  
 
     
 
 
    
 
 
    
 
 
  
Total
  
Three Months Ended March 31, 2019
  
GIG
    
LMH
    
Unallocated
    
Consolidated
  
                                 
Revenue
   $
2,330,335
     $
6,780,390
     $
-
     $
9,110,725
  
Segment gross profit
    
1,044,613
      
4,068,993
      
-
      
5,113,606
  
Segment loss from operations
    
(1,318,014
 )    
(1,800,748
 )    
(1,669,188
 )    
(4,787,950
 )
Capital expenditures
    
37,955
      
845,583
      
-
      
883,538
  
Depreciation and amortization
    
316,062
      
3,375,773
      
-
      
3,691,835
  
 
 
As of March 31, 2020
  
GIG
    
LMH
    
Unallocated
    
Consolidated
  
                                 
Accounts receivable, net
   $
1,907,355
     $
2,925,171
     $
-
     $
4,832,526
  
Goodwill
    
8,719,294
      
98,955,903
      
7,631,655
      
115,306,852
  
Total assets
    
45,296,828
      
224,899,784
      
141,943,444
      
412,140,056
  
 
     
 
 
    
 
 
    
 
 
  
Total
  
As of December 31, 2019
  
GIG
    
LMH
    
Unallocated
    
Consolidated
  
                                 
Accounts receivable, net
   $
1,213,823
     $
2,976,720
     $
-
     $
4,190,543
  
Goodwill
    
8,719,294
      
97,553,207
      
-
      
106,272,501
  
Total assets
    
45,956,410
      
224,258,311
      
166,693,489
      
436,908,210