XML 49 R33.htm IDEA: XBRL DOCUMENT v3.21.1
SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION

27. SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION

 

The Company has three reportable segments as of December 31, 2020 and 2019; 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. The total loss from operations of the Company’s reportable segments is less than the Company’s consolidated loss from operations due to Ault Global Holdings corporate expenses.

 

    Year ended December 31, 2020  
    GWW     Coolisys     Ault Alliance     Total  
Revenue   $ 18,212,721     $ 5,416,138     $ —     $ 23,628,859  
Revenue, lending activities     —       —       242,418       242,418  
Total revenues   $ 18,212,721     $ 5,416,138     $ 242,418     $ 23,871,277  
Depreciation and                                
amortization expense   $ 586,850     $ 33,010     $ 107,513     $ 727,373  
Loss from operations   $ (955,299 )   $ (117,067 )   $ 19,200     $ (1,053,166 )
Capital expenditures for                                
segment assets, as of                                
December 30, 2020   $ 552,923     $ 26,425     $ 2,744     $ 582,092  
Identifiable assets as of                                
December 31, 2020   $ 27,897,772     $ 1,894,892     $ 45,850,718     $ 75,643,382  

 

    Year ended December 31, 2019  
    GWW     Coolisys     Ault Alliance     Total  
Revenue   $ 15,231,843     $ 5,825,666     $ —     $ 21,057,509  
Revenue, cryptocurrency                                
mining     —       —       641,745       641,745  
Revenue, lending activities     —       —       662,740       662,740  
Total revenues   $ 15,231,843     $ 5,825,666     $ 1,304,485     $ 22,361,994  
Depreciation and                                
amortization expense   $ 705,873     $ 121,618     $ 2,245,676     $ 3,073,167  
Loss from operations   $ (828,424 )   $ (1,327,259 )   $ (8,612,277 )   $ (10,767,960 )
Capital expenditures for                                
segment assets, as of                                
December 31, 2019   $ 34,899     $ 133,198     $ 21,205     $ 189,302  
Identifiable assets as of                                
December 31, 2019   $ 20,847,352     $ 18,901,630     $ 3,001,426     $ 42,750,408  

Concentration Risk:

 

The following table provides the percentage of total revenues attributable to a single customer from which 10% or more of total revenues are derived:

 

    For the Year Ended  
    December 31, 2020  
    Total Revenues     Percentage of  
    by Major     Total Company  
    Customers     Revenues  
Customer A   $ 7,741,858       32 %
Customer B   $ 2,502,264       10 %
    For the Years Ended  
    December 31, 2019  
    Total Revenues     Percentage of  
    by Major     Total Company  
    Customers     Revenues  
Customer A   $ 6,319,221       28 %

 

Revenue from Customer A is attributable to Enertec. Revenue from Customer B is attributable to Microphase.

 

For the years ended December 31, 2020 and 2019, total revenues from external customers divided on the basis of the Company’s product lines are as follows:

 

    For the Year Ended  
    December 31,  
    2020     2019  
Revenues:            
Commercial products   $ 7,040,390     $ 8,953,390  
Defense products     16,830,887       13,408,604  
Total revenues   $ 23,871,277     $ 22,361,994  

Financial data relating to geographic areas:

 

The Company’s total revenues are attributed to geographic areas based on the location. The following table presents total revenues for the years ended December 31, 2020 and 2019. Other than as shown, no foreign country or region contributed materially to revenues or long-lived assets for these periods:

 

    For the Year Ended  
    December 31,  
    2020     2019  
Revenues:            
North America   $ 11,460,436     $ 10,923,146  
Europe     2,328,835       8,681,023  
Middle East     9,273,158       1,678,256  
Other     808,848       1,079,569  
Total revenues   $ 23,871,277     $ 22,361,994