XML 38 R22.htm IDEA: XBRL DOCUMENT
v3.19.1

Segment Reporting and Geographic Information | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Reporting and Geographic Information | NOTE 16—SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (a) General Information As of December 31, 2018, the Company operates in two reportable operating segments, both of which are performed though the Company’s OmniMetrix subsidiary:
| ● | The PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications.
| ● | The CP segment provides for remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.
The Company’s reportable segments are strategic business units, offering different products and services and are managed separately as each business requires different technology and marketing strategies. (b) Information about Profit or Loss and Assets The accounting policies of all the segments are those described in the summary of significant accounting policies. The Company evaluates performance based on net income or loss before taxes. The Company does not systematically allocate assets to the divisions of the subsidiaries constituting its consolidated group, unless the division constitutes a significant operation. Accordingly, where a division of a subsidiary constitutes a segment that does not meet the quantitative thresholds of applicable accounting principles, depreciation expense is recorded against the operations of such segment, without allocating the related depreciable assets to that segment. However, where a division of a subsidiary constitutes a segment that does meet the quantitative thresholds, related depreciable assets, along with other identifiable assets, are allocated to such division. The following tables represent segmented data for the years ended December 31, 2018 and 2017. The Company does not currently break out total assets by reportable segment as there is a high level of shared utilization between the segments. Further, the Chief Decision Maker (CDM) does not review the assets by segment.
|  | PG |  |  | CP |  |  | Total |
Year ended December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 3,656 |  |  | $ | 1,431 |  |  | $ | 5,087 |
Intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |
Segment gross profit |  |  | 2,524 |  |  |  | 598 |  |  |  | 3,122 |
Depreciation and amortization |  |  | 48 |  |  |  | 18 |  |  |  | 66 |
Segment income (loss) before income taxes |  |  | 117 |  |  |  | (323 | ) |  |  | (206 | )
Year ended December 31, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 3,355 |  |  | $ | 995 |  |  | $ | 4,350 |
Intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |
Segment gross profit |  |  | 2,017 |  |  |  | 430 |  |  |  | 2,447 |
Depreciation and amortization |  |  | 58 |  |  |  | 17 |  |  |  | 75 |
Segment loss before income taxes |  |  | (531 | ) |  |  | (340 | ) |  |  | (871 | )
The Company does not currently break out total assets by reportable segment as there is a high level of shared utilization between the segment. Also, the CDM does not review assets by segment. (c) The following tables represent a reconciliation of the segment data to consolidated statement of operations and balance sheet data for the years ended and as of December 31, 2018 and 2017:
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |
Total net loss before income taxes for reportable segments |  | $ | (206 | ) |  | $ | (871 | )
Other operational segment net loss before income taxes |  |  | — |  |  |  | — | )
Segment loss before income taxes |  |  | (206 | ) |  |  | (871 | )
Loss on sale of interest in DSIT, net of transaction costs |  |  | (607 | ) |  |  | — |
Unallocated net cost of corporate headquarters* |  |  | (1,274 | ) |  |  | (1,271 | )
Consolidated net loss before taxes on income |  | $ | (2,087 | ) |  | $ | (2,142 | )
* Includes $26 and $22 of stock compensation expense for the years ended December 31, 2018 and 2017, respectively. Also includes $26 and $107 of interest expense with respect to former director loans for the years ended December 31, 2018 and 2017, respectively.
|  | As of December 31, |
|  | 2018 |  |  | 2017 |
Assets: |  |  |  |  |  |  |  |
Total assets for OmniMetrix subsidiary |  | $ | 2,823 |  |  | $ | 2,931 |
Assets of corporate headquarters * |  |  | 1,096 |  |  |  | 6,291 |
Total consolidated assets |  | $ | 3,919 |  |  | $ | 9,222 |
* Includes the investment in DSIT of $5,800 at December 31, 2017.
Other Significant Items |  | Segment Totals |  |  | Adjustments |  |  | Consolidated Totals |
Year ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 66 |  |  | $ | — |  |  | $ | 66 |
Year ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 75 |  |  | $ | — |  |  | $ | 75 |
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |
Revenues based on location of customer: |  |  |  |  |  |  |  |
United States |  | $ | 5,087 |  |  | $ | 4,327 |
Other |  |  | ― |  |  |  | 23 |
|  | $ | 5,087 |  |  | $ | 4,350 |
All of the Company’s long-lived assets are located in the United States. (d) Revenues and Accounts Receivable Balances from Major Customers Customers are related to OmniMetrix’s CP segment.
|  | Revenue |  |  | Accounts Receivable** |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Customer |  | Balance |  |  | % |  |  | Balance |  |  | % |  |  | Balance |  |  | % |  |  | Balance |  |  | % |
A |  |  | * |  |  |  | * |  |  |  | * |  |  |  | * |  |  | $ | 115 |  |  |  | 17 | % |  |  | 297 |  |  |  | 27 |
* Balance is not significant

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration