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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting

Schedule of segment information

Information regarding our reportable segments is presented below (in thousands):		Procurement				Systems Integration				Facilities Management				Total Segments
Three Months Ended June 30, 2025:
Total revenue		$	33,002			$	9,486			$	1,482			$	43,970
Cost of revenue			30,463				5,311				381				36,155
Segment gross profit			2,539				4,175				1,101				7,815
Payroll and benefits excluded from cost of revenues			-				793				170				963
Depreciation and amortization expense			-				761				3				764
Other operating expenses			-				343				15				358
Interest expense			756				100				3				859
Segment pre-tax income			1,783				2,178				910				4,871
Capital expenditures		$	-			$	12,705				-			$	12,705

		Procurement				Systems Integration				Facilities Management				Total Segments
Three Months Ended June 30, 2024:
Total revenue		$	4,914			$	4,960			$	2,285			$	12,159
Cost of revenue			4,201				2,824				598				7,623
Segment gross profit			713				2,136				1,687				4,536
Payroll and benefits excluded from cost of revenues			-				490				103				593
Depreciation and amortization expense			-				91				26				117
Other operating expenses			-				349				(11	)			338
Interest expense			310				44				22				376
Segment pre-tax income (loss)			403				1,162				1,547				3,112
Capital expenditures		$	-			$	1,682			$	-			$	1,682

		Procurement				Systems Integration				Facilities Management				Total Segments
Six Months Ended June 30, 2025:
Total revenue		$	123,179			$	16,970			$	2,780			$	142,929
Cost of revenue			113,612				11,144				1,148				125,904
Segment gross profit			9,567				5,826				1,632				17,025
Payroll and benefits excluded from cost of revenues			-				1,624				309				1,933
Depreciation and amortization expense			-				940				6				946
Other operating expenses			14				623				24				661
Interest expense			2,108				202				17				2,327
Segment pre-tax income			7,445				2,437				1,276				11,158
Capital expenditures		$	-			$	27,574				-			$	27,574

		Procurement				Systems Integration				Facilities Management				Total Segments
Six Months Ended June 30, 2024:
Total revenue		$	16,538			$	7,083			$	4,431			$	28,052
Cost of revenue			14,916				4,343				1,543				20,802
Segment gross profit			1,622				2,740				2,888				7,250
Payroll and benefits excluded from cost of revenues			-				920				232				1,152
Depreciation and amortization expense			-				150				38				188
Other operating expenses			-				510				5				515
Interest expense			594				78				32				704
Segment pre-tax income (loss)			1,028				1,082				2,581				4,691
Capital expenditures		$	-			$	1,721			$	-			$	1,721

		Three Months Ended June 30, (unaudited)								Six Months Ended June 30, (unaudited)
		2025				2024				2025				2024
Total segment pre-tax income (loss)		$	4,871			$	3,112			$	11,158			$	4,691
Less: Unallocated SG&A, depreciation and other operating expenses			3,494				1,790				7,136				3,443
Plus: Unallocated interest income, net			175				106				558				205
Less other expense (plus other income)			-				-				-				-
Consolidated pre-tax income		$	1,552			$	1,428			$	4,580			$	1,453

		Procurement				Systems Integration				Facilities Management				Total Segments
Total Segment Assets at June 30, 2025		$	28,452			$	38,789			$	2,773			$	70,014
Total Segment Assets at December 31, 2024			19,319				25,855				932				46,106

		June 30, 2025 (unaudited)				December 31, 2024
Combined total assets included in segments		$	70,014			$	46,106
Plus items not allocated to segments:
Cash and cash equivalents			41,836				23,222
Prepaid expenses and other current assets			1,055				230
Property and equipment, net			979				29
Lease right-of-use asset			22,939				24,213
Other assets			2,647				2,768
Consolidated total assets		$	139,470			$	96,568

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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