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BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

12. BUSINESS SEGMENT AND GEOGRAPHIC 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 the Company’s Pioneer Custom Electrical Products Corp. business unit, together with sales and expenses attributable to the 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 new and used power generation equipment and 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:

 

    Three Months Ended  
    March 31,  
    2021     2020  
Revenues                
T&D Solutions                
Switchgear   $ 1,387     $ 2,877  
    $ 1,387     $ 2,877  
Critical Power Solutions                
Equipment     526       255  
Service     1,589       1,869  
      2,115       2,124  
Consolidated   $ 3,502     $ 5,001  

 

     Three Months Ended  
    March 31,  
      2021       2020  
Depreciation and amortization                
T&D Solutions   $ 18     $ 34  
Critical Power Solutions     119       79  
Unallocated corporate overhead expenses     7       9  
Consolidated   $ 144     $ 122  

 

     Three Months Ended  
    March 31,  
      2021       2020  
Operating loss                
T&D Solutions   $ (439 )   $ (777 )
Critical Power Solutions     (84 )     (200 )
Unallocated corporate overhead expenses     (583 )     (770 )
Consolidated   $ (1,106 )   $ (1,747 )

 

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

 

    Three Months Ended  
    March 31,  
    2021     2020  
Revenues                
United States   $ 3,502     $ 5,001