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Note 8 - Segment Reporting
 6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 8 - Segment Reporting

 

Segment information reported in the tables below represents the operating segments of the Company organized in a manner consistent with which separate information is available and for which segment results are evaluated regularly by our chief operating decision-maker in assessing performance and allocating resources. Our activities are organized into two major segments: facilities and systems integration. Our facilities unit is involved in the design, project management and maintenance of data center and mission-critical business operations. Our systems integration unit integrates IT equipment for OEM vendors and customers to be used inside data center environments, including modular data centers, and also includes our reseller services where we procure equipment to be used in our integration activities. All revenues are derived from the U.S. market. Segment operating results reflect earnings before acquisition related expenses, other expenses, net, and provision for income taxes.

 

Revenue and operating results by reportable segment reconciled to reportable net income (loss) for the three and six-month periods ended June 30, 2022 and 2021 and other segment-related information is as follows (in ‘000’s, unaudited):

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  
   

2022

    

2021

    

2022

    

2021

  
Revenues:                                

Facilities

   $ 3,599     $ 1,613     $ 5,678     $ 3,193  

Systems integration services

     2,822       1,455       5,935       5,045  

Total revenues

   $ 6,421     $ 3,068     $ 11,613     $ 8,238  
                                 

Depreciation and amortization expense:

                                

Facilities

   $ 53     $ 89     $ 109     $ 156  

Systems integration services

     17       47       71       117  

Consolidated depreciation expense

   $ 70     $ 136     $ 180     $ 273  
                                 
Income (loss) from operations:                                

Facilities

   $ 1,122     $ 146     $ 1,240     $ 76  

Systems integration services

     (183

)

     (497

)

     (474

)

     (1,034

)

Total income (loss) from operations

   $ 939     $ (351

)

   $ 766     $ (958

)
                                 

Interest expense, net:

                                

Facilities

   $ 101     $ 60     $ 181     $ 110  

Systems integration services

     57       43       101       78  

Consolidated interest expense

   $ 158     $ 103     $ 282     $ 188  

 

   

June 30, 2022

    

Dec. 31, 2021

  

Total Assets:

                

Facilities

   $ 1,166     $ 851  

Systems integration services

     4,589       3,178  

Other consolidated activities

     14,843       15,252  

Total

   $ 20,598     $ 19,281  

 

Other consolidated activities include assets not specifically attributable to each business segment including cash and cash equivalents, prepaid expenses and other assets that are managed at a corporate level.