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Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Operating Segments

The Company eliminates intercompany transfers between segments for management reporting purposes. The following table shows information for reportable operating segments (amounts in thousands):

Schedule of Operating Segments

		Three months ended March 31, 2024																Three months ended March 31, 2023
		Verification and Certification Segment				Professional Services Segment				Eliminations and Other				Consolidated Totals				Verification and Certification Segment				Professional Services Segment				Eliminations and Other				Consolidated Totals
Assets:
Goodwill		$	1,947			$	999			$	-			$	2,946			$	1,947			$	999			$	-			$	2,946
All other assets, net			912				2,765				8,770				12,447				7,179				2,609				4,568				14,356
Total assets		$	2,859			$	3,764			$	8,770			$	15,393			$	9,126			$	3,608			$	4,568			$	17,302
Revenues:
Verification and certification service revenue		$	4,434			$	-			$	-			$	4,434			$	3,806			$	-			$	-			$	3,806
Product sales			733				-				-				733				971				-				-				971
Professional services			-				415				-				415				-				490				-				490
Total revenues		$	5,167			$	415			$	-			$	5,582			$	4,777			$	490			$	-			$	5,267
Costs of revenues:
Costs of verification and certification services			2,515				-				-				2,515				2,196				-				-				2,196
Costs of products			434				-				-				434				568				-				-				568
Costs of professional services			-				304				-				304				-				360				-				360
Total costs of revenues			2,949				304				-				3,253				2,764				360				-				3,124
Gross profit			2,218				111				-				2,329				2,013				130				-				2,143
Depreciation & amortization			113				42				-				155				130				42				-				172
Other operating expenses			1,843				70				-				1,913				1,746				70				-				1,816
Segment operating income/(loss)		$	262			$	(1	)		$	-			$	261			$	137			$	18			$	-			$	155
Other items to reconcile segment operating income (loss) to net income/(loss):
Other income / (expense)			6				(2	)			-				4				57				(1	)			-				56
Income tax expense			-				-				(87	)			(87	)			-				-				(90	)			(90	)
Net income/(loss)		$	268			$	(3	)		$	(87	)		$	178			$	194			$	17			$	(90	)		$	121

X

- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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