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SEGMENT AND CUSTOMERS INFORMATION
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT AND CUSTOMERS INFORMATION

26. SEGMENT AND CUSTOMERS INFORMATION

 

The Company had the following reportable segments as of September 30, 2024 and 2023; 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 and its operating segments for the three and nine months ended September 30, 2024:

                                 

Nine Months Ended September 30, 2024

 
   TurnOnGreen   Fintech   Sentinum   AGREE   Energy   ROI   Holding Co.   Total 
Revenue  $3,751,000   $-   $-   $-   $94,000   $121,000   $1,819,000   $5,785,000 
Revenue, crypto assets mining   -    -    25,201,000    -    -    -    -    25,201,000 
Revenue, hotel and real estate operations   -    -    725,000    13,652,000    -    -    -    14,377,000 
Revenue, crane operations   -    -    -    -    36,945,000    -    -    36,945,000 
Revenue, lending and trading activities   -    4,911,000    -    -    -    -    -    4,911,000 
Total revenues  $3,751,000   $4,911,000   $25,926,000   $13,652,000   $37,039,000   $121,000   $1,819,000   $87,219,000 
                                         
Depreciation and amortization expense  $73,000   $-   $12,322,000   $2,162,000   $3,513,000   $57,000   $1,526,000   $19,653,000 
                                         
Impairment of property and equipment  $-   $-   $10,500,000   $9,246,000   $-   $-   $-   $19,746,000 
                                         
(Loss) income from operations  $(2,781,000)  $3,634,000   $(11,066,000)  $(8,850,000)  $1,464,000   $(15,891,000)  $(14,379,000)  $(47,869,000)
                                         
Interest expense  $-   $(5,000)  $(122,000)  $(5,345,000)  $(2,693,000)  $(2,215,000)  $(8,445,000)  $(18,825,000)
                                         
Capital expenditures for the nine months ended September 30, 2024  $53,000   $-   $1,675,000   $774,000   $2,054,000   $112,000   $95,000   $4,763,000 
                                         
Segment identifiable assets as of September 30, 2024  $3,755,000   $12,787,000   $37,249,000   $81,331,000   $50,537,000   $1,309,000   $44,230,000   $231,198,000 

 

                                 
Three Months Ended September 30, 2024 
   TurnOnGreen   Fintech   Sentinum   AGREE   Energy   ROI   Holding Co.   Total 
Revenue  $1,290,000   $-   $-   $-   $26,000   $54,000   $845,000   $2,215,000 
Revenue, crypto assets mining   -    -    5,264,000    -    -    -    -    5,264,000 
Revenue, hotel and real estate operations   -    -    168,000    5,512,000    -    -    -    5,680,000 
Revenue, crane operations   -    -    -    -    12,327,000    -    -    12,327,000 
Revenue, lending and trading activities   -    5,575,000    -    -    -    -    -    5,575,000 
Total revenues  $1,290,000   $5,575,000   $5,432,000   $5,512,000   $12,353,000   $54,000   $845,000   $31,061,000 
                                         
Depreciation and amortization expense  $25,000   $-   $4,170,000   $1,771,000   $1,426,000   $19,000   $493,000   $7,904,000 
                                         
Impairment of property and equipment  $-   $-   $10,500,000   $1,291,000   $-   $-   $-   $11,791,000 
                                         
(Loss) income from operations  $(1,479,000)  $4,484,000   $(13,887,000)  $(1,268,000)  $514,000   $(8,877,000)  $(4,082,000)  $(24,595,000)
                                         
Interest expense  $157,000  $3,000   $(4,000)  $(2,362,000)  $(682,000)  $328,000   $(5,206,000)  $(7,766,000)
                                         
Capital expenditures for the three months ended September 30, 2024  $45,000   $-   $690,000   $112,000   $188,000   $53,000   $22,000   $1,110,000 

 

 

The following data presents the revenues, expenditures and other operating data of the Company and its operating segments for the three and nine months ended September 30, 2023:

                                         
Nine Months Ended September 30, 2023 
   TurnOnGreen   Fintech   Sentinum   AGREE   Ault
Disruptive		   SMC   Energy   ROI   Holding Co.   Total 
Revenue, product  $2,765,000   $-   $-   $-   $-   $21,939,000   $987,000   $63,000   $-   $25,754,000 
Revenue, crypto assets mining   -    -    23,273,000    -    -    -    -    -    -    23,273,000 
Revenue, hotel and real estate operations             1,116,000    12,032,000                             13,148,000 
Revenue, lending and trading activities   -    4,337,000    -    -    -    -    -    -    -    4,337,000 
Revenue, crane operations   -    -    -    -    -    -    37,726,000    -    -    37,726,000 
Total revenues  $2,765,000   $4,337,000   $24,389,000   $12,032,000   $-   $21,939,000   $38,713,000   $63,000   $-   $104,238,000 
                                                   
Depreciation and amortization expense  $68,000   $-   $14,362,000   $2,408,000   $-   $779,000   $3,053,000   $152,000   $1,556,000   $22,378,000 
                                                   
(Loss) income from operations  $(4,067,000)  $1,091,000   $(4,363,000)  $(349,000)  $(1,052,000)  $(4,598,000)  $(30,216,000)  $(33,590,000)  $(20,011,000)  $(97,155,000)
                                                   
Capital expenditures for the nine months ended September 30, 2023  $131,000   $-   $1,426,000   $6,035,000   $-   $383,000   $3,319,000   $407,000   $2,906,000   $14,607,000 
                                                   
Segment identifiable assets as of December 31, 2023  $4,995,000   $17,027,000   $59,903,000   $90,991,000   $2,347,000   $-   $51,254,000   $9,937,000   $43,943,000   $280,397,000 

 

                                         
Three Months Ended September 30, 2023 
   TurnOnGreen   Fintech   Sentinum   AGREE   Ault
Disruptive		   SMC   Energy   ROI   Holding Co.   Total 
Revenue, product  $1,166,000   $-   $-   $-   $-   $15,931,000   $439,000   $18,000   $-   $17,554,000 
Revenue, crypto assets mining   -    -    7,558,000    -    -    -    -    -    -    7,558,000 
Revenue, commercial real estate leases             333,000    5,404,000                             5,737,000 
Revenue, lending and trading activities   -    (249,000)   -    -    -    -    -    -    -    (249,000)
Revenue, crane operations   -    -    -    -    -    -    12,490,000    -    -    12,490,000 
Total revenues  $1,166,000   $(249,000)  $7,891,000   $5,404,000   $-   $15,931,000   $12,929,000   $18,000   $-   $43,090,000 
                                                   
Depreciation and amortization expense  $24,000   $-   $5,792,000   $774,000   $-   $338,000   $1,073,000   $32,000   $528,000   $8,561,000 
                                                   
(Loss) income from operations  $(1,498,000)  $(1,039,000)  $(2,661,000)  $1,050,000   $(214,000)  $181,000   $2,505,000   $(13,315,000)  $(5,359,000)  $(20,350,000)
                                                   
Capital expenditures for the three months ended September 30, 2023  $121,000   $-   $261,000   $518,000   $-   $199,000   $1,983,000   $-   $314,000   $3,396,000