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Segment Reporting

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Reporting

NOTE 9— SEGMENT REPORTING

The Company currently operates in two reportable operating segments, both of which are performed though the Company’s OmniMetrix subsidiary:

● The Power Generation (“PG”) segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications.

● The Cathodic Protection (“CP”) segment provides for remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.

The following tables represent segmented data for the nine- and three-month periods ended September 30, 2018 and September 30, 2017:

		PG				CP				Total
Nine months ended September 30, 2018:
Revenues from external customers		$	2,698			$	1,078			$	3,776
Intersegment revenues			—				—				—
Segment gross profit			1,847				465				2,312
Depreciation and amortization			35				14				49
Segment income (loss) before income taxes			47				(235	)			(188	)
Nine months ended September 30, 2017:
Revenues from external customers		$	2,525			$	701			$	3,226
Intersegment revenues			—				—				—
Segment gross profit			1,529				308				1,837
Depreciation and amortization			45				13				58
Segment loss before income taxes			(382	)			(249	)			(631	)
Three months ended September 30, 2018:
Revenues from external customers		$	931			$	406			$	1,337
Intersegment revenues			—				—				—
Segment gross profit			666				165				831
Depreciation and amortization			11				5				16
Segment income (loss) before income taxes			86				(80	)			6
Three months ended September 30, 2017:
Revenues from external customers		$	813			$	272			$	1,085
Intersegment revenues			—				—				—
Segment gross profit			511				118				629
Depreciation and amortization			13				5				18
Segment loss before income taxes			(108	)			(100	)			(208	)

Reconciliation of Segment Loss to Consolidated Net Loss Before Income Taxes

		Nine months ended September 30,								Three months ended September 30,
		2018				2017				2018				2017
Total net loss before income taxes for reportable segments		$	(188	)		$	(631	)		$	6			$	(208	)
Unallocated cost of corporate headquarters			(1,030	)			(883	)			(233	)			(376	)
Consolidated loss before income taxes			(1,218	)			(1,514	)			(227	)			(584	)

The unallocated cost of corporate headquarters includes compensation paid to the CEO and CFO, board fees, legal fees, audit and tax fees and other public company costs.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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