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SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION | 24. SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION The Company has three reportable segments; see Note 1 for a brief description of the Company’s business. The following data presents the revenues, expenditures and other operating data of the Company’s operating segments and presented in accordance with ASC No. 280.
| Three Months ended June 30, 2020
| GWW |  | Coolisys |  | DP Lending |  | Total
Revenue | $ 4,189,135 |  | $ 1,245,601 |  | $ — |  | $ 5,434,736
Revenue, lending activities | — |  | — |  | ($33,756) |  | (33,756)
Total revenues | $ 4,189,135 |  | $ 1,245,601 |  | $ (33,756) |  | $ 5,400,980
Depreciation and |  |  |  |  |  |  |
amortization expense | $ 157,742 |  | $ 10,629 |  | $ — |  | $ 168,371
Loss from operations | $ 88,255 |  | $ 64,491 |  | $ (45,703) |  | $ 108,994
Capital expenditures for |  |  |  |  |  |  |
segment assets, as of |  |  |  |  |  |  |
June 30, 2020 | $ 25,611 |  | $ 887 |  | $ 7 638 |  | $ 34,136
Identifiable assets as of |  |  |  |  |  |  |
June 30, 2020 | $ 21,386,419 |  | $ 17,543,671 |  | $ 1,564,065 |  | $ 40,494,155
| Three Months ended June 30, 2019
| GWW |  | Coolisys |  | DP Lending |  | Total
Revenue | $ 3,256,394 |  | $ 1,284,804 |  | $ — |  | $ 4,541,198
Revenue, cryptocurrency |  |  |  |  |  |  |
mining | — |  | 256,116 |  | — |  | 256,116
Revenue, lending activities | — |  | — |  | 189,621 |  | 189,621
Total revenues | $ 3,256,394 |  | $ 1,540,920 |  | $ 189,621 |  | $ 4,986,935
Depreciation and |  |  |  |  |  |  |
amortization expense | $ 187,604 |  | $ 746,267 |  | $ — |  | $ 933,871
Loss from operations | $ (235,178) |  | $ (1,035,212) |  | $ (34,005) |  | $ (1,304,395)
Capital expenditures for |  |  |  |  |  |  |
segment assets, as of |  |  |  |  |  |  |
June 30, 2019 | $ 77,229 |  | $ 6,771 |  | $ — |  | $ 84,000
Identifiable assets as of |  |  |  |  |  |  |
June 30, 2019 | $ 19,440,320 |  | $ 28,079,982 |  | $ 2,983,046 |  | $ 50,503,348
| Six Months ended June 30, 2020
| GWW |  | Coolisys |  | DP Lending |  | Total
Revenue | $ 8,576,582 |  | $ 2,427,436 |  | $ — |  | $ 11,004,018
Revenue, lending activities | — |  | — |  | $ 2,396 |  | 2,396
Total revenues | $ 8,576,582 |  | $ 2,427,436 |  | $ 2,396 |  | $ 11,006,414
Depreciation and |  |  |  |  |  |  |
amortization expense | $ 307,756 |  | $ 118,847 |  | $ — |  | $ 426,603
Loss from operations | $ 184,011 |  | $ (154,053) |  | $ (81,416) |  | $ (51,458)
Capital expenditures for |  |  |  |  |  |  |
segment assets, as of |  |  |  |  |  |  |
June 30, 2020 | $ 164,283 |  | $ 1,556 |  | $ 24,278 |  | $ 190,117
Identifiable assets as of |  |  |  |  |  |  |
June 30, 2020 | $ 21,386,419 |  | $ 17,543,671 |  | $ 1,564,065 |  | $ 40,494,155
| Six Months ended June 30, 2019
| GWW |  | Coolisys |  | DP Lending |  | Total
Revenue | $ 7,399,052 |  | $ 2,693,797 |  | $ — |  | $ 10,092,849
Revenue, cryptocurrency |  |  |  |  |  |  |
mining | — |  | 284,920 |  | — |  | 284,920
Revenue, lending activities | — |  | — |  | 374,710 |  | 374,710
Total revenues | $ 7,399,052 |  | $ 2,978,717 |  | $ 374,710 |  | $ 10,752,479
Depreciation and |  |  |  |  |  |  |
amortization expense | $ 402,385 |  | $ 1,492,924 |  | $ — |  | $ 1,895,309
Loss from operations | $ (518,084) |  | $ (2,138,213) |  | $ 41,290 |  | $ (2,615,007)
Capital expenditures for |  |  |  |  |  |  |
segment assets, as of |  |  |  |  |  |  |
June 30, 2019 | $ 77,229 |  | $ 16,377 |  | $ — |  | $ 93,606
Identifiable assets as of |  |  |  |  |  |  |
June 30, 2019 | $ 19,440,320 |  | $ 28,079,982 |  | $ 2,983,046 |  | $ 50,503,348
Concentration Risk: The following tables provide the percentage of total revenues for the three and six months ended June 30, 2020 and 2019 attributable to a single customer from which 10% or more of total revenues are derived.
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2020 |  | June 30, 2020
| Total Revenues |  | Percentage of |  | Total Revenues |  | Percentage of
| by Major |  | Total Company |  | by Major |  | Total Company
| Customers |  | Revenues |  | Customers |  | Revenues
Customer A | $ 1,427,134 |  | 26% |  | $ 3,281,429 |  | 30%
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2019 |  | June 30, 2019
| Total Revenues |  | Percentage of |  | Total Revenues |  | Percentage of
| by Major |  | Total Company |  | by Major |  | Total Company
| Customers |  | Revenues |  | Customers |  | Revenues
Customer A | $ 1,429,455 |  | 29% |  | $ 2,845,541 |  | 26%
Revenue from Customer A is attributable to Enertec. Further, at June 30, 2020, MTIX represented all the Company’s accounts and other receivable, related party.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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