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Note 14 - Industry Segments
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 14.     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

 

Three Months Ended March 31, 2021

 

GIG

  

LMH

  

FIF

  

Unallocated

  

Consolidated

 
                     

Revenue

 $2,256,297  $7,153,685  $3,795,037  $-  $13,205,019 

Segment gross profit

  1,127,087   4,291,938   3,038,824   -   8,457,849 

Segment income (loss) from operations

  (787,487)  106,049   777,426   (1,581,766)  (1,485,778)
Capital expenditures  -   6,563,517   2,040,190   123,059   8,726,766 

Depreciation and amortization

  40,378   1,697,028   559,755   14,815   2,311,976 

 

 

                  

Total

 

Three Months Ended March 31, 2020

 

GIG

  

LMH

  

FIF

  

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 loss from operations  300,386   72,118   -   (1,552,476)  (1,179,972)
Capital expenditures  -   599,059      12,341,242   12,940,301 
Depreciation and amortization  141,946   1,641,385   -   -   1,783,331 

 

 

                  Total 

As of March 31, 2021

 

GIG

  

LMH

  

FIF

  

Unallocated

  

Consolidated

 
                     

Accounts receivable, net

 $924,966  $2,483,411  $184,558  $6,900  $3,599,835 

Goodwill

  8,719,294   100,191,426   18,154,158   -   127,064,878 

Total assets

  56,258,429   225,518,495   67,724,449   400,602,871   750,104,244 

 

 

                  

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   318,067,382   640,707,426