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Segment Reporting | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company currently operates in two segments: (1) the Oblong (formerly Glowpoint) business, which includes managed services for video collaboration and network applications; and (2) the Oblong Industries business, which includes products and services for visual collaboration technologies. Certain information concerning the Company’s segments for the three and six months ended June 30, 2021 and 2020 is presented in the following tables (in thousands):
| Three Months Ended June 30, 2021
| Oblong (formerly Glowpoint) |  | Oblong Industries |  | Corporate |  | Total
Revenue | $ | 1,078 |  |  | $ | 971 |  |  | $ | — |  |  | $ | 2,049 |
Cost of revenues | 739 |  |  | 510 |  |  | — |  |  | 1,249 |
Gross profit | $ | 339 |  |  | $ | 461 |  |  | $ | — |  |  | $ | 800 |
Gross profit % | 31 | % |  | 47 | % |  |  |  | 39 | %
Allocated operating expenses | $ | 82 |  |  | $ | 1,796 |  |  | $ | — |  |  | $ | 1,878 |
Unallocated operating expenses | $ | — |  |  | $ | — |  |  | 1,400 |  |  | 1,400 |
Total operating expenses | $ | 82 |  |  | $ | 1,796 |  |  | $ | 1,400 |  |  | $ | 3,278 |
Income (loss) from operations | $ | 257 |  |  | $ | (1,335) |  |  | $ | (1,400) |  |  | $ | (2,478) |
Interest and other expense (income), net | 9 |  |  | (241) |  |  | — |  |  | (232) |
Net income (loss) before tax | $ | 248 |  |  | $ | (1,094) |  |  | $ | (1,400) |  |  | $ | (2,246) |
Income tax | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net income (loss) | $ | 248 |  |  | $ | (1,094) |  |  | $ | (1,400) |  |  | $ | (2,246) |
| Six Months Ended June 30, 2021
| Oblong (formerly Glowpoint) |  | Oblong Industries |  | Corporate |  | Total
Revenue | $ | 2,273 |  |  | $ | 1,694 |  |  | $ | — |  |  | $ | 3,967 |
Cost of revenues | 1,572 |  |  | 967 |  |  | — |  |  | 2,539 |
Gross profit | $ | 701 |  |  | $ | 727 |  |  | $ | — |  |  | $ | 1,428 |
Gross profit % | 31 | % |  | 43 | % |  |  |  | 36 | %
Allocated operating expenses | $ | 193 |  |  | $ | 3,626 |  |  | $ | — |  |  | $ | 3,819 |
Unallocated operating expenses |  |  |  |  | 3,498 |  |  | 3,498 |
Total operating expenses | $ | 193 |  |  | $ | 3,626 |  |  | $ | 3,498 |  |  | $ | 7,317 |
Income (loss) from operations | $ | 508 |  |  | $ | (2,899) |  |  | $ | (3,498) |  |  | $ | (5,889) |
Interest and other expense (income), net | 14 |  |  | (224) |  |  | — |  |  | (210) |
Net income (loss) before tax | $ | 494 |  |  | $ | (2,675) |  |  | $ | (3,498) |  |  | $ | (5,679) |
Income tax | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net income (loss) | $ | 494 |  |  | $ | (2,675) |  |  | $ | (3,498) |  |  | $ | (5,679) |
| Three Months Ended June 30, 2020
| Oblong (formerly Glowpoint) |  | Oblong Industries |  | Corporate |  | Total
Revenue | $ | 1,373 |  |  | $ | 1,443 |  |  | $ | — |  |  | $ | 2,816 |
Cost of revenues | 898 |  |  | 785 |  |  | — |  |  | 1,683 |
Gross profit | $ | 475 |  |  | $ | 658 |  |  | $ | — |  |  | $ | 1,133 |
Gross profit % | 35 | % |  | 46 | % |  |  |  | 40 | %
Allocated operating expenses | $ | 1,063 |  |  | $ | 2,574 |  |  | $ | — |  |  | $ | 3,637 |
Unallocated operating expenses | — |  |  | — |  |  | 796 |  |  | 796 |
Total operating expenses | $ | 1,063 |  |  | $ | 2,574 |  |  | $ | 796 |  |  | $ | 4,433 |
Loss from operations | $ | (588) |  |  | $ | (1,916) |  |  | $ | (796) |  |  | $ | (3,300) |
Interest and other expense, net | 7 |  |  | 78 |  |  | — |  |  | 85 |
Net loss before taxes | $ | (595) |  |  | $ | (1,994) |  |  | $ | (796) |  |  | $ | (3,385) |
Income tax | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net loss | $ | (595) |  |  | $ | (1,994) |  |  | $ | (796) |  |  | $ | (3,385) |
| Six Months Ended June 30, 2020
| Oblong (formerly Glowpoint) |  | Oblong Industries |  | Corporate |  | Total
Revenue | $ | 3,417 |  |  | $ | 4,727 |  |  | $ | — |  |  | $ | 8,144 |
Cost of revenues | 2,055 |  |  | 2,017 |  |  | — |  |  | 4,072 |
Gross profit | $ | 1,362 |  |  | $ | 2,710 |  |  | $ | — |  |  | $ | 4,072 |
Gross profit % | 40 | % |  | 57 | % |  |  |  | 50 | %
Allocated operating expenses | $ | 2,212 |  |  | $ | 5,985 |  |  | $ | — |  |  | $ | 8,197 |
Unallocated operating expenses | — |  |  | — |  |  | 2,162 |  |  | 2,162 |
Total operating expenses | $ | 2,212 |  |  | $ | 5,985 |  |  | $ | 2,162 |  |  | $ | 10,359 |
Loss from operations | $ | (850) |  |  | $ | (3,275) |  |  | $ | (2,162) |  |  | $ | (6,287) |
Interest and other expense, net | 7 |  |  | 220 |  |  | — |  |  | 227 |
Net loss before tax | $ | (857) |  |  | $ | (3,495) |  |  | $ | (2,162) |  |  | $ | (6,514) |
Income tax | — |  |  | — |  |  | — |  |  | — |
Net loss | (857) |  |  | (3,495) |  |  | $ | (2,162) |  |  | $ | (6,514) |
Unallocated operating expenses include costs for the three and six months ended June 30, 2021 and 2020 that are not specific to a particular segment but are general to the group; included are expenses incurred for administrative and accounting staff, general liability and other insurance, professional fees and other similar corporate expenses. For the three and six months ended June 30, 2021 and 2020, there was no material revenue attributable to any individual foreign country. Approximately 1% of foreign revenue is billed in foreign currency and foreign currency gains and losses are not material. Revenue by geographic area is allocated as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Domestic | $ | 1,227 |  |  | $ | 1,854 |  |  | $ | 2,242 |  |  | $ | 5,456 |
Foreign | 822 |  |  | 962 |  |  | 1,725 |  |  | 2,688 |
| $ | 2,049 |  |  | $ | 2,816 |  |  | $ | 3,967 |  |  | $ | 8,144 |
Disaggregated information for the Company’s revenue has been recognized in the accompanying condensed consolidated statements of operations and is presented below according to contract type (in thousands):
| Three Months Ended June 30,
| 2021 |  | % of Revenue |  | 2020 |  | % of Revenue
Revenue: Oblong (formerly Glowpoint) |  |  |  |  |  |  |
Video collaboration services | $ | 230 |  |  | 11 | % |  | $ | 428 |  |  | 15 | %
Network services | 830 |  |  | 41 | % |  | 891 |  |  | 32 | %
Professional and other services | 18 |  |  | 1 | % |  | 54 |  |  | 2 | %
Total Oblong revenue | $ | 1,078 |  |  | 53 | % |  | $ | 1,373 |  |  | 49 | %
Revenue: Oblong Industries |  |  |  |  |  |  |
Visual collaboration product offerings | $ | 942 |  |  | 46 | % |  | 923 |  |  | 33 | %
Professional services | — |  |  | — | % |  | 228 |  |  | 8 | %
Licensing | 29 |  |  | 1 | % |  | 292 |  |  | 10 | %
Total Oblong Industries revenue | $ | 971 |  |  | 47 | % |  | 1,443 |  |  | 51 | %
Total revenue | $ | 2,049 |  |  | 100 | % |  | $ | 2,816 |  |  | 100 | %
| Six Months Ended June 30,
| 2021 |  | % of Revenue |  | 2020 |  | % of Revenue
Revenue: Oblong (formerly Glowpoint) |  |  |  |  |  |  |
Video collaboration services | $ | 521 |  |  | 13 | % |  | $ | 1,473 |  |  | 18 | %
Network services | 1,711 |  |  | 43 | % |  | 1,816 |  |  | 22 | %
Professional and other services | 41 |  |  | 1 | % |  | 128 |  |  | 2 | %
Total Oblong revenue | $ | 2,273 |  |  | 57 | % |  | $ | 3,417 |  |  | 42 | %
Revenue: Oblong Industries |  |  |  |  |  |  |
Visual collaboration product offerings | $ | 1,635 |  |  | 41 | % |  | 3,245 |  |  | 40 | %
Professional services | — |  |  | — | % |  | 898 |  |  | 11 | %
Licensing | 59 |  |  | 1 | % |  | 584 |  |  | 7 | %
Total Oblong Industries revenue | $ | 1,694 |  |  | 42.71 | % |  | 4,727 |  |  | 58 | %
Total revenue | $ | 3,967 |  |  | 100 | % |  | $ | 8,144 |  |  | 100 | %
The Company considers a significant customer to be one that comprises more than 10% of the Company’s consolidated revenues or accounts receivable. The loss of or a reduction in sales or anticipated sales to our most significant or several of our smaller customers could have a material adverse effect on our business, financial condition and results of operations. Concentration of revenues was as follows:
|  |  | Three Months Ended June 30,
|  |  | 2021 |  | 2020
| Segment |  | % of Revenue |  | % of Revenue
Customer A | Oblong (formerly Glowpoint) |  | 32 | % |  | 23 | %
Customer B | Oblong Industries |  | — | % |  | 20 | %
|  |  | Six Months Ended June 30,
|  |  | 2021 |  | 2020
| Segment |  | % of Revenue |  | % of Revenue
Customer A | Oblong (formerly Glowpoint) |  | 34 | % |  | 15 | %
Customer B | Oblong Industries |  | — | % |  | 21 | %
Concentration of accounts receivable was as follows:
|  |  | As of June 30,
|  |  | 2021 |  | 2020
| Segment |  | % of Accounts Receivable |  | % of Accounts Receivable
Customer A | Oblong (formerly Glowpoint) |  | 22 | % |  | 32 | %
Customer B | Oblong (formerly Glowpoint) |  | 13 | % |  | 10 | %
Customer C | Oblong Industries |  | — | % |  | 12 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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