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REVENUE DISAGGREGATION | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
REVENUE DISAGGREGATION | 6. REVENUE DISAGGREGATION The following tables summarize disaggregated customer contract revenues and the source of the revenue for the three months ended March 31, 2025 and 2024. Revenues from lending and trading activities included in consolidated revenues were primarily interest, dividend and other investment income, which are not considered to be revenues from contracts with customers under GAAP. Revenue is presented by reportable segment. The “Holding Co.” column includes revenue that is not allocated to a specific reportable segment but is generated within the holding company entity. While not a separate reportable segment, Holding Co. is included in the table below to reconcile to total consolidated revenue. The Company’s disaggregated revenues consisted of the following for the three months ended March 31, 2025:
Schedule of disaggregated revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | TurnOnGreen |  |  | Fintech |  |  | Sentinum |  |  | AGREE |  |  | Energy |  |  | ROI |  |  | Holding Co. |  |  | Total |
Primary Geographical Markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,528,000 |  |  | $ | - |  |  | $ | 5,714,000 |  |  | $ | 3,149,000 |  |  | $ | 13,769,000 |  |  | $ | (1,000 | ) |  | $ | 797,000 |  |  | $ | 24,956,000 |
Europe |  |  | 6,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 29,000 |  |  |  | - |  |  |  | - |  |  |  | 35,000 |
Middle East and other |  |  | 58,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 58,000 |
Revenue from contracts with customers |  |  | 1,592,000 |  |  |  | - |  |  |  | 5,714,000 |  |  |  | 3,149,000 |  |  |  | 13,798,000 |  |  |  | (1,000 | ) |  |  | 797,000 |  |  |  | 25,049,000 |
Revenue, lending and trading activities (North America) |  |  | - |  |  |  | (28,000 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (28,000 | )
Total revenue |  | $ | 1,592,000 |  |  | $ | (28,000 | ) |  | $ | 5,714,000 |  |  | $ | 3,149,000 |  |  | $ | 13,798,000 |  |  | $ | (1,000 | ) |  | $ | 797,000 |  |  | $ | 25,021,000 |
Major Goods or Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Power supply units and systems |  | $ | 1,592,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,592,000 |
Revenue from mined crypto assets at Sentinum owned and operated facilities |  |  | - |  |  |  | - |  |  |  | 5,198,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,198,000 |
Hotel and real estate operations |  |  | - |  |  |  | - |  |  |  | 516,000 |  |  |  | 3,149,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,665,000 |
Crane rental |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,769,000 |  |  |  | - |  |  |  | - |  |  |  | 13,769,000 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 29,000 |  |  |  | (1,000 | ) |  |  | 797,000 |  |  |  | 825,000 |
Revenue from contracts with customers |  |  | 1,592,000 |  |  |  | - |  |  |  | 5,714,000 |  |  |  | 3,149,000 |  |  |  | 13,798,000 |  |  |  | (1,000 | ) |  |  | 797,000 |  |  |  | 25,049,000 |
Revenue, lending and trading activities |  |  | - |  |  |  | (28,000 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (28,000 | )
Total revenue |  | $ | 1,592,000 |  |  | $ | (28,000 | ) |  | $ | 5,714,000 |  |  | $ | 3,149,000 |  |  | $ | 13,798,000 |  |  | $ | (1,000 | ) |  | $ | 797,000 |  |  | $ | 25,021,000 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 1,592,000 |  |  | $ | - |  |  | $ | 5,714,000 |  |  | $ | 3,149,000 |  |  | $ | 29,000 |  |  | $ | (1,000 | ) |  | $ | 797,000 |  |  | $ | 11,280,000 |
Services transferred over time |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,769,000 |  |  |  | - |  |  |  | - |  |  |  | 13,769,000 |
Revenue from contracts with customers |  | $ | 1,592,000 |  |  | $ | - |  |  | $ | 5,714,000 |  |  | $ | 3,149,000 |  |  | $ | 13,798,000 |  |  | $ | (1,000 | ) |  | $ | 797,000 |  |  | $ | 25,049,000 |
The Company’s disaggregated revenues consisted of the following for the three months ended March 31, 2024:
|  | TurnOnGreen |  |  | Fintech |  |  | Sentinum |  |  | AGREE |  |  | Energy |  |  | ROI |  |  | Holding Co. |  |  | Total |
Primary Geographical Markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,157,000 |  |  | $ | - |  |  | $ | 11,749,000 |  |  | $ | 3,006,000 |  |  | $ | 12,918,000 |  |  | $ | 28,000 |  |  | $ | 301,000 |  |  | $ | 29,159,000 |
Europe |  |  | 4,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 39,000 |  |  |  | - |  |  |  | - |  |  |  | 43,000 |
Middle East and other |  |  | 64,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 64,000 |
Revenue from contracts with customers |  |  | 1,225,000 |  |  |  | - |  |  |  | 11,749,000 |  |  |  | 3,006,000 |  |  |  | 12,957,000 |  |  |  | 28,000 |  |  |  | 301,000 |  |  |  | 29,266,000 |
Revenue, lending and trading activities (North America) |  |  | - |  |  |  | 9,099,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,099,000 |
Total revenue |  | $ | 1,225,000 |  |  | $ | 9,099,000 |  |  | $ | 11,749,000 |  |  | $ | 3,006,000 |  |  | $ | 12,957,000 |  |  | $ | 28,000 |  |  | $ | 301,000 |  |  | $ | 38,365,000 |
Major Goods or Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Power supply units and systems |  | $ | 1,225,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,225,000 |
Revenue from mined crypto assets at Sentinum owned and operated facilities |  |  | - |  |  |  | - |  |  |  | 8,862,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8,862,000 |
Revenue from Sentinum crypto mining equipment hosted at third-party facilities |  |  | - |  |  |  | - |  |  |  | 2,585,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,585,000 |
Hotel and real estate operations |  |  | - |  |  |  | - |  |  |  | 302,000 |  |  |  | 3,006,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,308,000 |
Crane rental |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12,918,000 |  |  |  | - |  |  |  | - |  |  |  | 12,918,000 |
Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 39,000 |  |  |  | 28,000 |  |  |  | 301,000 |  |  |  | 368,000 |
Revenue from contracts with customers |  |  | 1,225,000 |  |  |  | - |  |  |  | 11,749,000 |  |  |  | 3,006,000 |  |  |  | 12,957,000 |  |  |  | 28,000 |  |  |  | 301,000 |  |  |  | 29,266,000 |
Revenue, lending and trading activities |  |  | - |  |  |  | 9,099,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,099,000 |
Total revenue |  | $ | 1,225,000 |  |  | $ | 9,099,000 |  |  | $ | 11,749,000 |  |  | $ | 3,006,000 |  |  | $ | 12,957,000 |  |  | $ | 28,000 |  |  | $ | 301,000 |  |  | $ | 38,365,000 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 1,215,000 |  |  | $ | - |  |  | $ | 11,749,000 |  |  | $ | 3,006,000 |  |  | $ | 39,000 |  |  | $ | 28,000 |  |  | $ | 301,000 |  |  | $ | 16,338,000 |
Services transferred over time |  |  | 10,000 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12,918,000 |  |  |  | - |  |  |  | - |  |  |  | 12,928,000 |
Revenue from contracts with customers |  | $ | 1,225,000 |  |  | $ | - |  |  | $ | 11,749,000 |  |  | $ | 3,006,000 |  |  | $ | 12,957,000 |  |  | $ | 28,000 |  |  | $ | 301,000 |  |  | $ | 29,266,000 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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