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Segments | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segments | Note 17 - 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, WFCFO, 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 professional services reportable segment. SureHarvest, which includes Postelsia, is the sole operating segment. This segment includes consulting, data analysis and other reporting 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 (in thousands): Schedule of Operating Segments
|  | Year ended December 31, 2024 |  |  | Year ended December 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 |  |  | (2,675 | ) |  |  | 2,705 |  |  |  | 12,330 |  |  |  | 12,360 |  |  |  | 3,501 |  |  |  | 2,707 |  |  |  | 7,132 |  |  |  | 13,340 |
Total assets |  | $ | (728 | ) |  | $ | 3,704 |  |  | $ | 12,330 |  |  | $ | 15,306 |  |  | $ | 5,448 |  |  | $ | 3,706 |  |  | $ | 7,132 |  |  | $ | 16,286 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Verification and certification service revenue |  | $ | 20,552 |  |  | $ | - |  |  | $ | - |  |  | $ | 20,552 |  |  | $ | 19,413 |  |  | $ | - |  |  | $ | - |  |  | $ | 19,413 |
Product sales |  |  | 3,803 |  |  |  | - |  |  |  | - |  |  |  | 3,803 |  |  |  | 4,001 |  |  |  | - |  |  |  | - |  |  |  | 4,001 |
Professional services |  |  | - |  |  |  | 1,391 |  |  |  | - |  |  |  | 1,391 |  |  |  | - |  |  |  | 1,721 |  |  |  | - |  |  |  | 1,721 |
Total revenues |  | $ | 24,355 |  |  | $ | 1,391 |  |  | $ | - |  |  | $ | 25,746 |  |  | $ | 23,414 |  |  | $ | 1,721 |  |  | $ | - |  |  | $ | 25,135 |
Costs of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Costs of verification and certification services |  |  | 11,849 |  |  |  | - |  |  |  | - |  |  |  | 11,849 |  |  |  | 10,986 |  |  |  | - |  |  |  | - |  |  |  | 10,986 |
Costs of products |  |  | 2,313 |  |  |  | - |  |  |  | - |  |  |  | 2,313 |  |  |  | 2,272 |  |  |  | - |  |  |  | - |  |  |  | 2,272 |
Costs of professional services |  |  | - |  |  |  | 1,022 |  |  |  | - |  |  |  | 1,022 |  |  |  | - |  |  |  | 1,355 |  |  |  | - |  |  |  | 1,355 |
Total costs of revenues |  |  | 14,162 |  |  |  | 1,022 |  |  |  | - |  |  |  | 15,184 |  |  |  | 13,258 |  |  |  | 1,355 |  |  |  | - |  |  |  | 14,613 |
Gross profit |  |  | 10,193 |  |  |  | 369 |  |  |  | - |  |  |  | 10,562 |  |  |  | 10,156 |  |  |  | 366 |  |  |  | - |  |  |  | 10,522 |
Depreciation & amortization |  |  | 481 |  |  |  | 166 |  |  |  | - |  |  |  | 647 |  |  |  | 466 |  |  |  | 168 |  |  |  | - |  |  |  | 634 |
Other operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and benefits |  |  | 3,643 |  |  |  | 9 |  |  |  |  |  |  |  | 3,652 |  |  |  | 3,480 |  |  |  | 9 |  |  |  | - |  |  |  | 3,489 |
Rent and lease expense |  |  | 595 |  |  |  | 46 |  |  |  | - |  |  |  | 641 |  |  |  | 586 |  |  |  | 82 |  |  |  | - |  |  |  | 668 |
Software and technology |  |  | 792 |  |  |  | 38 |  |  |  | - |  |  |  | 830 |  |  |  | 742 |  |  |  | 34 |  |  |  | - |  |  |  | 776 |
Legal and professional expenses |  |  | 144 |  |  |  | 7 |  |  |  | 398 |  |  |  | 549 |  |  |  | 145 |  |  |  | 9 |  |  |  | 403 |  |  |  | 557 |
Tradeshows and marketing |  |  | 755 |  |  |  | 22 |  |  |  | - |  |  |  | 777 |  |  |  | 308 |  |  |  | 35 |  |  |  | - |  |  |  | 343 |
Conferences and training |  |  | 91 |  |  |  | 23 |  |  |  | - |  |  |  | 114 |  |  |  | 149 |  |  |  | 45 |  |  |  | - |  |  |  | 194 |
Investor relations |  |  | - |  |  |  | - |  |  |  | 128 |  |  |  | 128 |  |  |  | - |  |  |  | - |  |  |  | 194 |  |  |  | 194 |
Other expenses |  |  | 969 |  |  |  | 48 |  |  |  | - |  |  |  | 1,017 |  |  |  | 879 |  |  |  | 91 |  |  |  | - |  |  |  | 970 |
Total Other operating expenses |  |  | 6,989 |  |  |  | 193 |  |  |  | 526 |  |  |  | 7,708 |  |  |  | 6,289 |  |  |  | 305 |  |  |  | 597 |  |  |  | 7,191 |
Segment operating income/(loss) |  | $ | 2,723 |  |  | $ | 10 |  |  | $ | (526 | ) |  | $ | 2,207 |  |  | $ | 3,401 |  |  | $ | (107 | ) |  | $ | (597 | ) |  | $ | 2,697 |
Other items to reconcile segment operating income/(loss) to net income/(loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other income/(loss) |  |  | 776 |  |  |  | (4 | ) |  |  | - |  |  |  | 772 |  |  |  | 374 |  |  |  | (6 | ) |  |  | - |  |  |  | 368 |
Income tax benefit/(expense) |  |  | - |  |  |  | - |  |  |  | (859 | ) |  |  | (859 | ) |  |  | - |  |  |  | - |  |  |  | (913 | ) |  |  | (913 | )
Net income/(loss) |  | $ | 3,499 |  |  | $ | 6 |  |  | $ | (1,385 | ) |  | $ | 2,120 |  |  | $ | 3,775 |  |  | $ | (113 | ) |  | $ | (1,510 | ) |  | $ | 2,152 |

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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://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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