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SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT, CUSTOMERS AND GEOGRAPHICAL INFORMATION

23. 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. The total income (loss) from operations of the Company’s reportable segments is different than the Company’s consolidated income (loss) from operations due to Ault Global Holdings corporate expenses.

 

                               
   Three Months ended June 30, 2021 
   GWW   Coolisys   Ault Alliance   Total 
Revenue  $6,475,000   $1,831,000   $258,000   $8,564,000 
Revenue, lending and trading activities   —    —    53,274,000    53,274,000 
Revenue, cryptocurrency mining   —    —    291,000    291,000 
Total revenues  $6,475,000   $1,831,000   $53,823,000   $62,129,000 
                     
Depreciation and                    
amortization expense  $214,000   $6,000   $150,000   $370,000 
Income (loss) from operations  $(999,000)  $117,000   $49,059,000   $48,117,000 
Capital expenditures for                    
segment assets, as of                    
June 30, 2021  $474,000   $—   $767,000   $1,241,000 
Identifiable assets as of                    
June 30, 2021  $29,813,000   $3,382,000   $225,906,000   $259,101,000 

 

                               
   Three Months ended June 30, 2020 
   GWW   Coolisys   Ault Alliance   Total 
Revenue  $4,189,000   $1,246,000   $—   $5,435,000 
Revenue, lending and trading activities   —    —    (34,000)   (34,000)
Total revenues  $4,189,000   $1,246,000   $(34,000)  $5,401,000 
Depreciation and                    
amortization expense  $158,000   $10,000   $—   $168,000 
Income (loss) from operations  $88,000   $65,000   $(46,000)  $107,000 
Capital expenditures for                    
segment assets, as of                    
June 30, 2020  $25,000   $1,000   $8,000   $34,000 
Identifiable assets as of                    
June 30, 2020  $21,386,000   $1,771,000   $17,337,000   $40,494,000 

 

                               
  

Six Months ended June 30, 2021

 
   GWW   Coolisys   Ault Alliance   Total 
Revenue  $12,825,000   $3,213,000   $431,000   $16,469,000 
Revenue, lending and trading activities   —    —    58,485,000    58,485,000 
Revenue, cryptocurrency mining   —    —    421,000    421,000 
Total revenues  $12,825,000   $3,213,000   $59,337,000   $75,375,000 
Depreciation and                    
amortization expense  $428,000   $13,000   $197,000   $637,000 
Income (loss) from operations  $(783,000)  $(83,000)  $53,092,000   $52,226,000 
Capital expenditures for                    
segment assets, as of June 30, 2021  $566,000   $—   $5,024,000   $5,590,000 
Identifiable assets as of                    
June 30, 2021  $29,813,000   $3,382,000   $225,906,000   $259,101,000 

 

                               
   Six Months ended June 30, 2020 
   GWW   Coolisys   Ault Alliance   Total 
Revenue  $8,577,000   $2,427,000   $—   $11,004,000 
Revenue, lending and trading activities   —    —    2,000    2,000 
Total revenues  $8,577,000   $2,427,000   $2,000   $11,006,000 
Depreciation and                    
amortization expense  $308,000   $119,000   $—   $427,000 
Income (loss) from operations  $184,000   $(154,000)  $(81,000)  $(51,000)
Capital expenditures for                    
Segments assets, as of June 30, 2020  $164,000   $2,000   $24,000   $190,000 
Identifiable assets as of                    
June 30, 2020  $21,386,000   $1,771,000   $17,337,000   $40,494,000 

 

Concentration Risk

 

The following tables provide the percentage of total revenues for the three and six months ended June 30, 2020 to a single customer from which 10% or more of total revenues are derived. For the three and six months ended June 30, 2021 no single customer represented 10% or more of total revenues.

 

   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  $1,427,000    26%  $3,281,000    30% 

 

Revenue from Customer A is attributable to Enertec. Further, at June 30, 2021, MTIX Ltd. represented all the Company’s accounts and other receivable, related party.