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BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION

15. 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 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:

Schedule of information about segment income and loss and segment assets

 

   For the Year Ended 
   December 31, 
   2021   2020 
Revenues        
T&D Solutions          
Switchgear  $9,484   $10,257 
    9,484    10,257 
Critical Power Solutions          
Equipment   1,891    1,574 
Service   6,936    7,659 
    8,827    9,233 
Consolidated  $18,311   $19,490 

 

 

   For the Year Ended 
   December 31, 
   2021   2020 
Depreciation and amortization          
T&D Solutions  $61   $113 
Critical Power Solutions   349    319 
Unallocated corporate overhead expenses   28    32 
Consolidated  $438   $464 

 

 

   For the Year Ended 
   December 31, 
   2021   2020 
Operating loss          
T&D Solutions  $(1,060)  $(1,934)
Critical Power Solutions   (385)   (430)
Unallocated corporate overhead expenses   (2,417)   (1,920)
Consolidated  $(3,862)  $(4,284)

 

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

 

   December 31, 
   2021   2020 
Assets        
T&D Solutions  $6,490   $3,443 
Critical Power Solutions   3,573    3,705 
Corporate   17,864    14,139 
Consolidated  $27,927   $21,287 

 

Corporate assets consisted primarily of cash, restricted cash and notes receivable.

 

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

 

   For the Year Ended 
   December 31, 
   2021   2020 
Revenues        
United States  $18,311   $19,490 

 

Sales to CleanSpark accounted for approximately 22% and 34% of the Company’s total sales in 2021 and 2020, respectively.

 

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

 

   December 31, 
   2021   2020 
Property, plant and equipment          
United States  $516   $433