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BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION
 9 Months Ended
Sep. 30, 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.

 

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 loss and income:

 

                             
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
Revenues                
T&D Solutions                    
Switchgear  $2,996   $1,507   $7,980   $7,370 
    2,996    1,507    7,980    7,370 
Critical Power Solutions                    
Equipment   694    411    1,379    891 
Service   1,995    2,133    5,454    5,877 
    2,689    2,544    6,833    6,768 
Consolidated  $5,685   $4,051   $14,813   $14,138 

 

 

                             
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
Depreciation and amortization                    
T&D Solutions  $15   $28   $50   $95 
Critical Power Solutions   76    78    257    240 
Unallocated corporate overhead expenses   7    8    22    25 
Consolidated  $98   $114   $329   $360 

 

 

                             
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
Operating (loss) income                    
T&D Solutions  $(100)  $50   $(664)  $(1,353)
Critical Power Solutions   160    37    34    (363)
Unallocated corporate overhead expenses   (578)   (538)   (1,740)   (1,667)
Consolidated  $(518)  $(451)  $(2,370)  $(3,383)

 

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

 

                             
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
Revenues                
United States  $5,685   $4,051   $14,813   $14,138