17. BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION

The Company follows ASC 280 - Segment Reporting in determining its reportable segments. The Company considered the way its management team, most notably its chief operating decision maker, makes operating decisions and assesses performance and considered which components of the Company’s enterprise have discrete financial information available. As the Company makes decisions using a manufactured products vs. distributed products and services group focus, its analysis resulted in two reportable segments: T&D Solutions and Critical Power. The Critical Power reportable segment is the Company’s Titan Energy Systems Inc. business unit. The T&D Solutions reportable segment is an aggregation of all other Company subsidiaries, together with sales and expenses attributable to strategic sales group for its T&D Solutions marketing activities.

The T&D Solutions segment is involved in the design, manufacture and distribution of switchgear used primarily by large industrial and commercial operations to manage their electrical power distribution needs. The Critical Power segment provides aftermarket field-services primarily to help customers ensure smooth, uninterrupted power to operations during times of emergency.

The following tables present information about segment income and loss:

	For the Year Ended
	December 31,
	2019		2018
Revenues
T&D Solutions
Switchgear	$	8,985	$	8,747
	$	8,985	$	8,747
Critical Power Solutions
Equipment		1,416		1,580
Service		10,181		9,800
		11,597		11,380
Consolidated	$	20,582	$	20,127

	For the Year Ended
	December 31,
	2019		2018
Depreciation and Amortization
T&D Solutions	$	144	$	318
Critical Power Solutions		162		1,718
Unallocated Corporate Overhead Expenses		48		62
Consolidated	$	354	$	2,098

	For the Year Ended
	December 31,
	2019			2018
Operating Loss
T&D Solutions	$	(3,143	)	$	(4,093	)
Critical Power Solutions		(3,581	)		(1,326	)
Unallocated Corporate Overhead Expenses		(5,029	)		(3,706	)
Consolidated	$	(11,753	)	$	(9,125	)

The following table presents information which reconciles segment assets to consolidated total assets:

	December 31,
	2019		2018
Assets
T&D Solutions	$	6,075	$	6,024
Critical Power Solutions		4,849		7,745
Corporate		17,147		5,335
Consolidated	$	28,071	$	19,104

Corporate assets consist primarily of cash and short term investment.

Revenues are attributable to countries based on the location of the Company’s customers:

	For the Year Ended
	December 31,
	2019		2018
Revenues
United States	$	20,582	$	20,127
Total	$	20,582	$	20,127

Sales to CleanSpark, Verizon and Fluid Technologies accounted for approximately 18%, 13% and 12%, respectively, of the Company’s total sales in 2019.

The distribution of the Company’s property, plant, and equipment by geographic location is approximately as follows:

	December 31,
	2019		2018
Property, plant and equipment
United States	$	640	$	878
Total	$	640	$	878