XML 36 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Note 15 - Industry Segments
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 15.

INDUSTRY 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.

 

Fiber is Fast, LLC

 

FIF conducts our broadband operations. FIF provides high-speed broadband services to its customers located in Arizona and Utah. 

 

                  

Total

 

Year Ended December 31, 2020

 

GIG

  

LMH

  

FIF

  

Unallocated

  

Consolidated

 
                     

Revenue

 $13,645,962  $28,260,964  $3,836,537  $-  $45,743,463 

Segment gross profit

  6,955,759   16,988,615   3,290,431   -   27,234,805 

Segment (loss) income from operations

  (197,377)  607,542   388,960   (4,825,179)  (4,026,054)

Capital expenditures

  -   4,354,770   43,806,659   734,749   48,896,178 

Depreciation and amortization

  484,495   6,636,205   571,003      7,691,703 

 

                  

Total

 
Year Ended December 31, 2019 GIG  LMH  FIF  Unallocated  Consolidated 
                     

Revenue

 $12,959,971  $28,429,167  $-  $-  $41,389,138 

Segment gross profit

  6,669,753   17,108,018   -   -   23,777,771 

Segment loss from operations

  (2,216,421)  (5,765,105)  -   (4,430,570)  (12,412,096)

Capital expenditures

  46,868   11,728,650   -   -   11,775,518 

Depreciation and amortization

  1,179,450   12,394,691   -   -   13,574,141 

 

                  

Total

 

As of December 31, 2020

 

GIG

  

LMH

  

FIF

  

Unallocated

  

Consolidated

 
                     

Accounts receivable, net

 $1,160,424  $2,633,711  $247,428  $-  $4,041,563 

Goodwill

  8,719,294   97,572,994   18,154,158      124,446,446 

Total assets

  54,536,523   219,607,150   48,496,371   187,013,841   509,653,885 

 

                  

Total

 
As of December 31, 2019 GIG  LMH  FIF  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