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Revenue, Segment and Geographic Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Revenue, Segment and Geographic Information

NOTE 13 – REVENUE, SEGMENT AND GEOGRAPHIC INFORMATION

The Company operates in two reportable segments: the first being our design and manufacture of high-performance customized computers and flash arrays, which is inclusive of in-flight entertainment and connectivity; and the second being our subsidiary, Bressner, which operates as value-added reseller with minimal product customization. The Company evaluates financial performance on a company-wide basis.  

Segment detail for the three month periods ended March 31 2022 and 2021, is as follows:

 

 

 

For the Three Months Ended March 31, 2022

 

 

For the Three Months Ended March 31, 2021

 

 

 

OSS

 

 

Bressner

 

 

Total

 

 

OSS

 

 

Bressner

 

 

Total

 

Revenues

 

$

10,582,042

 

 

$

6,470,635

 

 

$

17,052,677

 

 

$

8,601,971

 

 

$

4,713,781

 

 

$

13,315,752

 

Cost of revenues

 

 

(6,801,711

)

 

 

(5,110,311

)

 

 

(11,912,022

)

 

 

(5,341,362

)

 

 

(3,541,606

)

 

 

(8,882,968

)

Gross profit

 

 

3,780,331

 

 

 

1,360,324

 

 

 

5,140,655

 

 

 

3,260,609

 

 

 

1,172,175

 

 

 

4,432,784

 

Gross margin %

 

 

35.72

%

 

 

21.02

%

 

 

30.15

%

 

 

37.91

%

 

 

24.87

%

 

 

33.29

%

Total operating expenses

 

 

(3,628,616

)

 

 

(861,908

)

 

 

(4,490,524

)

 

 

(3,251,785

)

 

 

(905,968

)

 

 

(4,157,753

)

Income from operations

 

$

151,715

 

 

$

498,416

 

 

$

650,131

 

 

$

8,824

 

 

$

266,207

 

 

$

275,031

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from customers with non-U.S. billing addresses represented approximately 70% and 66% of the Company’s revenue during the three month periods ended March 31, 2022 and 2021, respectively.  

 

As of March 31, 2022, substantially all the Company’s long-lived assets are located in the United States of America, with the exception of assets of $162,465 located in Germany.