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Segment Reporting | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Segment Reporting | NOTE 12—SEGMENT REPORTING The Company currently operates in two reportable operating segments, both of which are performed though the Company’s OmniMetrix subsidiary:
| ● | Power Generation (“PG”) monitoring (formerly known as Machine-to-Machine Critical Asset Monitoring & Control). The PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications.
| ● | Corrosion Protection (“CP”) monitoring. The CP segment provides for remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.
In addition, up to the closing of the DSIT Transaction (see Note 3), the Company reported its activities in the Energy & Security Sonar Solutions segment. This segment, whose activities were performed by DSIT, provides sonar and acoustic related solutions for energy, defense and commercial markets with a focus on underwater site security for strategic energy installations and other advanced acoustic systems and real-time embedded hardware and software development and production. “Other” operations include certain IT activities (protocol management software for cancer patients and billing software) and outsourced consulting activities performed by the Company’s DSIT subsidiary that did not meet the quantitative thresholds under applicable accounting principles. Following the closing of the DSIT Transaction, the Company is no longer consolidating the results of DSIT, but rather is reporting on its investment in DSIT on the equity method. Accordingly, effective April 22, 2016, the Company no longer consolidates the results of DSIT’s Energy & Security Sonar Solutions segment or the activities of its “Other” segment. Previously, the Company reported GridSense’s activities in its Smart Grid Distribution Automation segment which developed and produced fiber optic sensing systems for the energy and security markets. With the suspension of operations at GridSense (see Note 4(a)), its activities are reflected as discontinued operations.
|  | PG |  |  | CP |  |  | Energy & Security Sonar Solutions* |  |  | Other* |  |  | Total |
Three months ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 794 |  |  | $ | 148 |  |  | $ | — |  |  | $ | — |  |  | $ | 942 |
Intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment gross profit |  |  | 438 |  |  |  | 86 |  |  |  | — |  |  |  | — |  |  |  | 524 |
Depreciation and amortization |  |  | 16 |  |  |  |  | 3 |  |  | — |  |  |  | — |  |  |  | 19 |
Segment net income (loss) before income taxes |  |  | (243 | ) |  |  | (22 | ) |  |  | — |  |  |  | — |  |  |  | (265 | )
Three months ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 661 |  |  | $ | 126 |  |  | $ | 3,277 |  |  | $ | 338 |  |  | $ | 4,402 |
Intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment gross profit |  |  | 401 |  |  |  | 34 |  |  |  | 1,258 |  |  |  | 130 |  |  |  | 1,823 |
Depreciation and amortization |  |  | 18 |  |  |  | 3 |  |  |  | 47 |  |  |  | 6 |  |  |  | 74 |
Segment net income (loss) before income taxes |  |  | (431 | ) |  |  | (6 | ) |  |  | 336 |  |  |  | 55 |  |  |  | (46 | )
Nine months ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 2,057 |  |  | $ | 487 |  |  | $ | 4,620 |  |  | $ | 454 |  |  | $ | 7,618 |
Intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment gross profit |  |  | 1,023 |  |  |  | 283 |  |  |  | 1,517 |  |  |  | 114 |  |  |  | 2,937 |
Depreciation and amortization |  |  | 48 |  |  |  | 11 |  |  |  | 53 |  |  |  | 10 |  |  |  | 122 |
Segment net income (loss) before income taxes |  |  | (893 | ) |  |  | (78 | ) |  |  | 82 |  |  |  | (10 | ) |  |  | (899 | )
Nine months ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 1,774 |  |  | $ | 376 |  |  | $ | 9,025 |  |  | $ | 1,042 |  |  | $ | 12,217 |
Intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment gross profit |  |  | 1,035 |  |  |  | 216 |  |  |  | 3,048 |  |  |  | 435 |  |  |  | 4,734 |
Depreciation and amortization |  |  | 53 |  |  |  | 11 |  |  |  | 137 |  |  |  | 20 |  |  |  | 221 |
Segment net loss before income taxes |  |  | (1,131 | ) |  |  | (130 | ) |  |  | 132 |  |  |  | 192 |  |  |  | (937 | )
* Results for the nine months ended September 30, 2016, only include results for the period January 1, 2016 to April 21, 2016. See Note 3. Reconciliation of Segment Income (Loss) to Consolidated Net Loss Before Income Taxes
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Total net loss before income taxes for reportable segments |  | $ | (266 | ) |  | $ | (101 | ) |  | $ | (889 | ) |  | $ | (1,129 | )
Other operational segment net income (loss) before income taxes |  |  | -- |  |  |  | 55 |  |  |  | (10 | ) |  |  | 192 |
Total segment net loss before income taxes |  |  | (266 | ) |  |  | (46 | ) |  |  | (899 | ) |  |  | (937 | )
Unallocated cost of corporate headquarters* |  |  | (369 | ) |  |  | (990 | ) |  |  | (2,352 | ) |  |  | (2,881 | )
Unallocated benefit (cost) of DSIT headquarters** |  |  | -- |  |  |  | (9 | ) |  |  | (6 | ) |  |  | (75 | )
Consolidated loss before income taxes |  | $ | (635 | ) |  | $ | (1,045 | ) |  | $ | (3,257 | ) |  | $ | (3,893 | )
* Includes stock compensation expense of $523 and $243 for the nine month periods ended September 30, 2015 and 2016 and $146 and $9 for the three month periods ended September 30, 2015 and 2016, respectively. The nine month period ended September 30, 2016 also includes $460 of salary and associated costs and medical insurance associated with the resignation of Mr. Moore and $502 of interest expense to Leap Tide and directors. ** Results for the nine months ended September 30, 2016, only include results for the period January 1, 2016 to April 21, 2016. See Note 3.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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