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SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SCHEDULE OF INFORMATION BY OPERATING SEGMENTS | Information about our Company’s operations by operating segment is shown in the following tables (in thousands):
| Year Ended December 31, 2024
| Americas | EMEA | Rest of World | Eliminations and Adjustments (1) | Total
Revenues, net | $ | 65,514 |  | $ | 73,858 |  | $ | 593 |  | $ | (4,072) |  | $ | 135,893 |
Less (2) |  |  |  |  |
Cost of sales | 41,024 |  | 50,770 |  | 399 | (3,241) |  | 88,952 |
Segment gross profit | 24,490 |  | 23,088 |  | 194 |  | (831) |  | 46,941 |
Less (2) |  |  |  |  |
General and administrative expenses | 29,633 |  | 32,207 |  | 425 | 20 | 62,285 |
Interest expense | 10,243 |  | 9 |  | — |  | — |  | 10,252 |
Income tax expense | (2,430) |  | 585 |  | (64) |  | — |  | (1,909) |
Other segment items (3) | 3,991 |  | 1,369 |  | — |  | (712) |  | 4,648 |
Net Loss | $ | (16,947) |  | $ | (11,082) |  | $ | (167) |  | $ | (139) |  | $ | (28,335) |
(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker. (3) Other Segment items for reach reportable segment includes: Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications. Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.
| Year Ended December 31, 2023
| Americas | EMEA | Rest of World | Eliminations and Adjustments (1) | Total
Revenues, net | $ | 95,990 |  | $ | 88,256 |  | $ | 2,949 |  | $ | (10,474) |  | $ | 176,721 |
Less (2) |  |  |  |  |
Cost of sales | 57,873 |  | 63,597 |  | 1,640 |  | (9,691) |  | 113,419 |
Segment gross profit | 38,117 |  | 24,659 |  | 1,309 |  | (783) |  | 63,302 |
Less (2) |  |  |  |  |
General and administrative expenses | 35,814 |  | 25,107 |  | 422 |  | (91) |  | 61,252 |
Impairment of goodwill | 17,344 |  | 8,183 |  | — |  | (332) |  | 25,195 |
Interest expense | 10,821 |  | 19 |  | — |  | — |  | 10,840 |
Income tax expense | 772 |  | 818 |  | 276 | — |  | 1,866 |
Other segment items (3) | 3,278 |  | 476 |  | — |  | (449) |  | $ | 3,305 |
Net Loss | $ | (29,912) |  | $ | (9,944) |  | $ | 611 |  | $ | 89 |  | $ | (39,156) |
(1) Eliminations and adjustments represent net sales between the Americas, EMEA and Rest of World segments. Sales between these segments are generally valued at market. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker. (3) Other Segment items for reach reportable segment includes: Research and development - consists primarily of personnel related costs, prototype and sample costs, design costs, and global product certifications mostly for wireless certifications. Other Expense - consists of interest expense associated with our debt financing arrangements, (gains) or losses on settlements of debt, and the effects of changes in the fair value of derivative liabilities.
| December 31, 2024 |  | December 31, 2023
Identifiable Assets |  |  |
Americas | $ | 50,318 |  |  | $ | 72,638 |
EMEA | 63,863 |  |  | 86,045 |
Rest of World | 1,124 |  |  | 3,090 |
Total Identifiable Assets | $ | 115,305 |  |  | $ | 161,773 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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