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v3.20.4

Segments (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Operating Segments | The following table shows information for reportable operating segments (in thousands):
|  | Year ended December 31, 2020 |  |  | Year ended December 31, 2019 |
|  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 1,947 |  |  | $ | 999 |  |  | $ | - |  |  | $ | 2,946 |  |  | $ | 1,133 |  |  | $ | 1,813 |  |  | $ | - |  |  | $ | 2,946 |
All other assets, net |  |  | 17,576 |  |  |  | 3,089 |  |  |  | (4,163 | ) |  |  | 16,502 |  |  |  | 16,294 |  |  |  | 3,188 |  |  |  | (4,191 | ) |  |  | 15,291 |
Total assets |  | $ | 19,523 |  |  | $ | 4,088 |  |  | $ | (4,163 | ) |  | $ | 19,448 |  |  | $ | 17,427 |  |  | $ | 5,001 |  |  | $ | (4,191 | ) |  | $ | 18,237 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Verification and certification service revenue |  | $ | 14,254 |  |  | $ | - |  |  | $ | - |  |  | $ | 14,254 |  |  | $ | 15,564 |  |  | $ | - |  |  | $ | - |  |  | $ | 15,564 |
Product sales |  |  | 3,859 |  |  |  | - |  |  |  | - |  |  |  | 3,859 |  |  |  | 3,300 |  |  |  | - |  |  |  | - |  |  |  | 3,300 |
Software license, maintenance and support services revenue |  |  | - |  |  |  | 957 |  |  |  | (90 | ) |  |  | 867 |  |  |  | - |  |  |  | 1,274 |  |  |  | (207 | ) |  |  | 1,067 |
Software-related consulting service revenue |  |  | - |  |  |  | 1,120 |  |  |  | (24 | ) |  |  | 1,096 |  |  |  | - |  |  |  | 948 |  |  |  | (105 | ) |  |  | 843 |
Total revenues |  | $ | 18,113 |  |  | $ | 2,077 |  |  | $ | (114 | ) |  | $ | 20,076 |  |  | $ | 18,864 |  |  | $ | 2,222 |  |  | $ | (312 | ) |  | $ | 20,774 |
Costs of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of verification and certification services |  |  | 7,497 |  |  |  | - |  |  |  | (90 | ) |  |  | 7,407 |  |  |  | 8,628 |  |  |  | - |  |  |  | (184 | ) |  |  | 8,444 |
Costs of products |  |  | 2,508 |  |  |  | - |  |  |  | - |  |  |  | 2,508 |  |  |  | 2,149 |  |  |  | - |  |  |  | - |  |  |  | 2,149 |
Costs of software license, maintenance and support services |  |  | - |  |  |  | 520 |  |  |  | - |  |  |  | 520 |  |  |  | - |  |  |  | 615 |  |  |  | - |  |  |  | 615 |
Costs of software-related consulting services |  |  | - |  |  |  | 713 |  |  |  | - |  |  |  | 713 |  |  |  | - |  |  |  | 487 |  |  |  | - |  |  |  | 487 |
Total costs of revenues |  |  | 10,005 |  |  |  | 1,233 |  |  |  | (90 | ) |  |  | 11,148 |  |  |  | 10,777 |  |  |  | 1,102 |  |  |  | (184 | ) |  |  | 11,695 |
Gross profit |  |  | 8,108 |  |  |  | 844 |  |  |  | (24 | ) |  |  | 8,928 |  |  |  | 8,087 |  |  |  | 1,120 |  |  |  | (128 | ) |  |  | 9,079 |
Depreciation & amortization |  |  | 428 |  |  |  | 569 |  |  |  | - |  |  |  | 997 |  |  |  | 374 |  |  |  | 723 |  |  |  | - |  |  |  | 1,097 |
Other operating expenses |  |  | 5,664 |  |  |  | 604 |  |  |  | (24 | ) |  |  | 6,244 |  |  |  | 5,624 |  |  |  | 934 |  |  |  | (128 | ) |  |  | 6,430 |
Segment operating (loss)/income |  | $ | 2,016 |  |  | $ | (329 | ) |  | $ | - |  |  | $ | 1,687 |  |  | $ | 2,089 |  |  | $ | (537 | ) |  | $ | - |  |  | $ | 1,552 |
Other items to reconcile segment operating income (loss) to net income attributable to WFCF: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other expense (income) |  |  | (162 | ) |  |  | 2 |  |  |  | - |  |  |  | (160 | ) |  |  | (93 | ) |  |  | 162 |  |  |  | - |  |  |  | 69 |
Income tax (benefit)/expense |  |  | - |  |  |  | - |  |  |  | 462 |  |  |  | 462 |  |  |  | - |  |  |  | - |  |  |  | 460 |  |  |  | 460 |
Net loss attributable to non-controlling interest |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 322 |  |  |  | - |  |  |  | 322 |
Net (loss)/income attributable to WFCF |  | $ | 2,178 |  |  | $ | (331 | ) |  | $ | (462 | ) |  | $ | 1,385 |  |  | $ | 2,182 |  |  | $ | (377 | ) |  | $ | (460 | ) |  | $ | 1,345 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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