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SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SUMMARY OF SEGMENTED DATA

The following tables represent segmented data for the years ended December 31, 2022 and 2021 (in thousands). 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 CDM does not review the assets by segment.

 

   PG   CP   Total 
Year ended December 31, 2022:               
Revenues from customers  $5,894   $1,106   $7,000 
Segment gross profit   4,426    645    5,071 
Depreciation and amortization   103    19    122 
Segment income (loss) before income taxes   489    (107)   382 
                
Year ended December 31, 2021:               
Revenues from customers  $5,787   $989   $6,776 
Segment gross profit   4,328    571    4,899 
Depreciation and amortization   64    11    75 
Segment income (loss) before income taxes   963    (27)   936 

 

* The software impairment of $51,000 recorded during 2022 is not related to a specific segment and, thus, is not included in the “Segment income (loss) before income taxes” for the year ended December 31, 2022.
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT OF OPERATIONS

(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, 2022 and 2021 (in thousands):

 

   2022   2021 
  

Year ended

December 31,

 
   2022   2021 
Total net income before income taxes for reportable segments  $331   $921 
Unallocated net cost of corporate headquarters   (962)   (934)
Consolidated net loss before taxes on income  $(631)  $(13)

SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT BALANCE SHEET

    2022     2021  
    As of December 31,  
    2022     2021  
Assets:                
Total assets for OmniMetrix subsidiary   $ 5,931     $ 5,938  
Assets of corporate headquarters     53       104  
Total consolidated assets   $ 5,984     $ 6,042  
SCHEDULE OF REVENUE FROM CUSTOMERS BY GEOGRAPHICAL AREAS

    2022     2021  
   

Year ended

December 31,

 
    2022     2021  
Revenues based on location of customer:                
United States   $ 6,960     $ 6,729  
Other     40       47  
Revenues   $ 7,000     $ 6,776  

SCHEDULE OF REVENUES, ACCOUNTS RECEIVABLE FROM MAJOR CUSTOMERS

(d) Revenues and Accounts Receivable Balances from Major Customers (in thousands):

 

    Invoiced Sales     Accounts Receivable  
    2022       2021     2022       2021  
Customer   Total     %       Total     %     Balance     %       Balance     %  
A   $       *       * %     $ *       * %   $ 72       12 %     $ *       * %

 

*   Balance is not significant.