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Segments | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segments | Note 13 - Segments With each acquisition, we assess the need to disclose discrete information related to our operating segments. Because of the similarities of certain of our acquisitions that provide certification and verification services, we aggregate operations into one verification and certification reportable segment. The operating segments included in the aggregated verification and certification segment include IMI Global, ICS, and Validus. The factors considered in determining this aggregated reporting segment include the economic similarity of the businesses, the nature of services provided, production processes, types of customers and distribution methods. The Company also determined that it has a software sales and related consulting reportable segment. SureHarvest, which includes Sow Organic and JVF Consulting, is the sole operating segment. This segment includes software license, maintenance, support and software-related consulting service revenues. The Company’s chief operating decision maker (the Company’s CEO) allocates resources and assesses the performance of its operating segments. Segment management makes decisions, measures performance, and manages the business utilizing internal reporting operating segment information. Performance of operating segments are based on net sales, gross profit, selling, general and administrative expenses and most importantly, operating income. The Company eliminates intercompany transfers between segments for management reporting purposes. The following table shows information for reportable operating segments:
|  | Three months ended June 30, 2019 |  | Three months ended June 30, 2018
|  |  | Verification and Certification Segment |  |  |  | Software Sales and Related Consulting Segment |  |  |  | Eliminations and Other |  |  |  | Consolidated Totals |  |  |  | Verification and Certification Segment |  |  |  | Software Sales and Related Consulting Segment |  |  |  | Eliminations and Other |  |  |  | Consolidated Totals |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible and other assets, net |  | $ | 1,384,114 |  |  | $ | 2,163,784 |  |  | $ | — |  |  | $ | 3,547,898 |  |  | $ | 2,124,367 |  |  | $ | 1,629,938 |  |  | $ | — |  |  | $ | 3,754,305 |
Goodwill |  |  | 1,133,122 |  |  |  | 2,010,612 |  |  |  | — |  |  |  | 3,143,734 |  |  |  | 1,427,499 |  |  |  | 1,197,191 |  |  |  | — |  |  |  | 2,624,690 |
Total assets |  |  | 13,242,580 |  |  |  | 5,522,707 |  |  |  | — |  |  |  | 18,765,287 |  |  |  | 11,921,178 |  |  |  | 2,117,717 |  |  |  | — |  |  |  | 14,038,895 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Verification and certification service revenue |  | $ | 3,743,241 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,743,241 |  |  | $ | 3,507,757 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,507,757 |
Product sales |  |  | 635,333 |  |  |  | — |  |  |  | — |  |  |  | 635,333 |  |  |  | 496,312 |  |  |  | — |  |  |  | — |  |  |  | 496,312 |
Software license, maintenance and support services revenue |  |  | — |  |  |  | 338,674 |  |  |  | (38,740 | ) |  |  | 299,934 |  |  |  | — |  |  |  | 263,316 |  |  |  | — |  |  |  | 263,316 |
Software-related consulting service revenue |  |  | — |  |  |  | 242,808 |  |  |  | (33,057 | ) |  |  | 209,751 |  |  |  | — |  |  |  | 170,923 |  |  |  | — |  |  |  | 170,923 |
Total revenues |  | $ | 4,378,574 |  |  | $ | 581,482 |  |  | $ | (71,797 | ) |  | $ | 4,888,259 |  |  | $ | 4,004,069 |  |  | $ | 434,239 |  |  | $ | — |  |  | $ | 4,438,308 |
Costs of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of verification and certification services |  |  | 2,127,574 |  |  |  | — |  |  |  | (30,300 | ) |  |  | 2,097,274 |  |  |  | 1,850,555 |  |  |  | — |  |  |  | — |  |  |  | 1,850,555 |
Costs of products |  |  | 398,073 |  |  |  | — |  |  |  | — |  |  |  | 398,073 |  |  |  | 319,970 |  |  |  | — |  |  |  | — |  |  |  | 319,970 |
Costs of software license, maintenance and support services |  |  | — |  |  |  | 161,610 |  |  |  | — |  |  |  | 161,610 |  |  |  | — |  |  |  | 168,511 |  |  |  | — |  |  |  | 168,511 |
Costs of software-related consulting services |  |  | — |  |  |  | 142,900 |  |  |  | — |  |  |  | 142,900 |  |  |  | — |  |  |  | 87,546 |  |  |  | — |  |  |  | 87,546 |
Total costs of revenues |  |  | 2,525,647 |  |  |  | 304,510 |  |  |  | (30,300 | ) |  |  | 2,799,857 |  |  |  | 2,170,525 |  |  |  | 256,057 |  |  |  | — |  |  |  | 2,426,582 |
Gross profit |  |  | 1,852,927 |  |  |  | 276,972 |  |  |  | (41,497 | ) |  |  | 2,088,402 |  |  |  | 1,833,544 |  |  |  | 178,182 |  |  |  | — |  |  |  | 2,011,726 |
Depreciation & amortization |  |  | 102,651 |  |  |  | 182,457 |  |  |  | — |  |  |  | 285,108 |  |  |  | 90,971 |  |  |  | 138,134 |  |  |  | — |  |  |  | 229,105 |
Other operating expenses |  |  | 1,205,472 |  |  |  | 236,105 |  |  |  | (41,497 | ) |  |  | 1,400,080 |  |  |  | 1,409,474 |  |  |  | 131,888 |  |  |  | — |  |  |  | 1,541,362 |
Segment operating (loss)/income |  | $ | 544,804 |  |  | $ | (141,590 | ) |  | $ | — |  |  | $ | 403,214 |  |  | $ | 333,099 |  |  | $ | (91,840 | ) |  | $ | — |  |  | $ | 241,258 |
Other items to reconcile segment operating income (loss) to net income attributable to WFCF: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other expense (income) |  |  | (30,326 | ) |  |  | (3 | ) |  |  | — |  |  |  | (30,329 | ) |  |  | (3,938 | ) |  |  | 131 |  |  |  | — |  |  |  | (3,807 | )
Income tax (benefit)/expense |  |  | — |  |  |  | — |  |  |  | 129,089 |  |  |  | 129,089 |  |  |  | — |  |  |  | — |  |  |  | 80,000 |  |  |  | 80,000 |
Net loss attributable to non-controlling interest |  |  | — |  |  |  | 56,635 |  |  |  | — |  |  |  | 56,635 |  |  |  | — |  |  |  | 11,774 |  |  |  | — |  |  |  | 11,774 |
Net (loss)/income attributable to WFCF |  | $ | 575,130 |  |  | $ | (84,952 | ) |  | $ | (129,089 | ) |  | $ | 361,089 |  |  | $ | 337,036 |  |  | $ | (80,197 | ) |  | $ | (80,000 | ) |  | $ | 176,839 |
|  | Six months ended June 30, 2019 |  | Six months ended June 30, 2018
|  |  | Verification and Certification Segment |  |  |  | Software Sales and Related Consulting Segment |  |  |  | Eliminations and Other |  |  |  | Consolidated Totals |  |  |  | Verification and Certification Segment |  |  |  | Software Sales and Related Consulting Segment |  |  |  | Eliminations and Other |  |  |  | Consolidated Totals |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible and other assets, net |  | $ | 1,384,114 |  |  | $ | 2,163,784 |  |  | $ | — |  |  | $ | 3,547,898 |  |  | $ | 2,124,367 |  |  | $ | 1,629,938 |  |  | $ | — |  |  | $ | 3,754,305 |
Goodwill |  |  | 1,133,122 |  |  |  | 2,010,612 |  |  |  | — |  |  |  | 3,143,734 |  |  |  | 1,427,499 |  |  |  | 1,197,191 |  |  |  | — |  |  |  | 2,624,690 |
Total assets |  |  | 13,242,580 |  |  |  | 5,522,707 |  |  |  | — |  |  |  | 18,765,287 |  |  |  | 11,921,178 |  |  |  | 2,117,717 |  |  |  | — |  |  |  | 14,038,895 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Verification and certification service revenue |  | $ | 6,554,935 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,554,935 |  |  | $ | 6,303,951 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,303,951 |
Product sales |  |  | 1,276,391 |  |  |  | — |  |  |  | — |  |  |  | 1,276,391 |  |  |  | 850,206 |  |  |  | — |  |  |  | — |  |  |  | 850,206 |
Software license, maintenance and support services revenue |  |  | — |  |  |  | 682,240 |  |  |  | (87,277 | ) |  |  | 594,963 |  |  |  | — |  |  |  | 550,760 |  |  |  | — |  |  |  | 550,760 |
Software-related consulting service revenue |  |  | — |  |  |  | 464,031 |  |  |  | (47,521 | ) |  |  | 416,510 |  |  |  | — |  |  |  | 354,193 |  |  |  | — |  |  |  | 354,193 |
Total revenues |  | $ | 7,831,326 |  |  | $ | 1,146,271 |  |  | $ | (134,798 | ) |  | $ | 8,842,799 |  |  | $ | 7,154,157 |  |  | $ | 904,953 |  |  | $ | — |  |  | $ | 8,059,110 |
Costs of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of verification and certification services |  |  | 3,722,337 |  |  |  | — |  |  |  | (62,973 | ) |  |  | 3,659,364 |  |  |  | 3,301,164 |  |  |  | — |  |  |  | — |  |  |  | 3,301,164 |
Costs of products |  |  | 841,258 |  |  |  | — |  |  |  | — |  |  |  | 841,258 |  |  |  | 545,945 |  |  |  | — |  |  |  | — |  |  |  | 545,945 |
Costs of software license, maintenance and support services |  |  | — |  |  |  | 315,613 |  |  |  | — |  |  |  | 315,613 |  |  |  | — |  |  |  | 305,945 |  |  |  | — |  |  |  | 305,945 |
Costs of software-related consulting services |  |  | — |  |  |  | 272,436 |  |  |  | — |  |  |  | 272,436 |  |  |  | — |  |  |  | 163,007 |  |  |  | — |  |  |  | 163,007 |
Total costs of revenues |  |  | 4,563,595 |  |  |  | 588,049 |  |  |  | (62,973 | ) |  |  | 5,088,671 |  |  |  | 3,847,109 |  |  |  | 468,952 |  |  |  | — |  |  |  | 4,316,061 |
Gross profit |  |  | 3,267,731 |  |  |  | 558,222 |  |  |  | (71,825 | ) |  |  | 3,754,128 |  |  |  | 3,307,048 |  |  |  | 436,001 |  |  |  | — |  |  |  | 3,743,049 |
Depreciation & amortization |  |  | 184,588 |  |  |  | 360,639 |  |  |  | — |  |  |  | 545,227 |  |  |  | 225,426 |  |  |  | 276,180 |  |  |  | — |  |  |  | 501,605 |
Other operating expenses |  |  | 2,710,104 |  |  |  | 468,021 |  |  |  | (71,825 | ) |  |  | 3,106,300 |  |  |  | 2,685,415 |  |  |  | 287,922 |  |  |  | — |  |  |  | 2,973,336 |
Segment operating (loss)/income |  | $ | 373,039 |  |  | $ | (270,438 | ) |  | $ | — |  |  | $ | 102,601 |  |  | $ | 396,208 |  |  | $ | (128,101 | ) |  | $ | — |  |  | $ | 268,107 |
Other items to reconcile segment operating income (loss) to net income attributable to WFCF: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other expense (income) |  |  | (59,975 | ) |  |  | (1,003 | ) |  |  | — |  |  |  | (60,978 | ) |  |  | (6,506 | ) |  |  | 860 |  |  |  | — |  |  |  | (5,646 | )
Income tax (benefit)/expense |  |  | — |  |  |  | — |  |  |  | 46,089 |  |  |  | 46,089 |  |  |  | — |  |  |  | — |  |  |  | 88,000 |  |  |  | 88,000 |
Net loss attributable to non-controlling interest |  |  | — |  |  |  | 100,470 |  |  |  | — |  |  |  | 100,470 |  |  |  | — |  |  |  | 26,570 |  |  |  | — |  |  |  | 26,570 |
Net (loss)/income attributable to WFCF |  | $ | 433,014 |  |  | $ | (168,965 | ) |  | $ | (46,089 | ) |  | $ | 217,960 |  |  | $ | 402,714 |  |  | $ | (102,390 | ) |  | $ | (88,000 | ) |  | $ | 212,323 |

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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 + Details
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