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Note 13 - Segment Reporting
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 13 - 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. All of our revenues are derived from the U.S. market. Segment operating results reflect earnings before stock-based compensation, acquisition related expenses, other expenses, net, and provision for income taxes.

 

 

Revenue and operating result by reportable segment reconciled to reportable net loss for the years ended December 31, 2022 and 2021 and other segment-related information is as follows (in thousands):

 

   

Year Ended December 31,

  
   

2022

    

2021

  
                 

Revenues:

                

Facilities

   $ 10,209     $ 7,075  

Systems integration services

     20,428       20,335  

Total revenues

   $ 30,637     $ 27,410  

Operating income (loss):

                

Facilities

   $ 1,595     $ 499  

Systems integration services

     (681 )     (1,330 )

Operating income (loss)

   $ 914     $ (831 )
                 

Depreciation expense:

                

Facilities design and maintenance

   $ 119     $ 208  

Systems integration services

     109       237  

Consolidated depreciation expense

   $ 228     $ 445  
                 

Interest expense

                

Facilities design and maintenance

   $ 370     $ 251  

Systems integration services

     594       179  

Consolidated interest expense

   $ 964     $ 430  
                 

Total Assets

                

Facilities

   $ 675     $ 851  

Systems integration services

     3,790       3178  

Other consolidated activities

     26,941       15,252  

Total assets

   $ 31,406     $ 19,281  

 

 

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