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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Certain information concerning the Company’s segments for the three and nine months ended September 30, 2023 and 2022 is presented in the following tables (in thousands):
| Three Months Ended September 30, 2023
| Managed Services |  | Collaboration Products |  | Corporate |  | Total
Revenue | $ | 603 |  |  | $ | 269 |  |  | $ | — |  |  | $ | 872 |
Cost of revenues | 398 |  |  | 250 |  |  | — |  |  | 648 |
Gross profit | $ | 205 |  |  | $ | 19 |  |  | $ | — |  |  | $ | 224 |
Gross profit % | 34 | % |  | 7 | % |  |  |  | 26 | %
Allocated operating expenses | $ | — |  |  | $ | 151 |  |  | $ | — |  |  | $ | 151 |
Unallocated operating expenses | — |  |  | — |  |  | 998 |  |  | 998 |
Total operating expenses | $ | — |  |  | $ | 151 |  |  | $ | 998 |  |  | $ | 1,149 |
Income (loss) from operations | $ | 205 |  |  | $ | (132) |  |  | $ | (998) |  |  | $ | (925) |
Interest and other (income) expense, net | (35) |  |  | 5 |  |  | — |  |  | (30) |
Net income (loss) before tax | 240 |  |  | (137) |  |  | (998) |  |  | (895) |
Income tax expense | — |  |  | — |  |  | — |  |  | — |
Net income (loss) | $ | 240 |  |  | $ | (137) |  |  | $ | (998) |  |  | $ | (895) |
| Three Months Ended September 30, 2022
| Managed Services |  | Collaboration Products |  | Corporate |  | Total
Revenue | $ | 797 |  |  | $ | 388 |  |  | $ | — |  |  | $ | 1,185 |
Cost of revenues | 552 |  |  | 289 |  |  | — |  |  | 841 |
Gross profit | $ | 245 |  |  | $ | 99 |  |  | $ | — |  |  | $ | 344 |
Gross profit % | 31 | % |  | 26 | % |  |  |  | 29 | %
Allocated operating expenses | $ | — |  |  | $ | 6,425 |  |  | $ | — |  |  | $ | 6,425 |
Unallocated operating expenses | — |  |  | — |  |  | 1,079 |  |  | 1,079 |
Total operating expenses | $ | — |  |  | $ | 6,425 |  |  | $ | 1,079 |  |  | $ | 7,504 |
Income (loss) from operations | $ | 245 |  |  | $ | (6,326) |  |  | $ | (1,079) |  |  | $ | (7,160) |
Interest and other expense (income), net | 1 |  |  | (6) |  |  | — |  |  | (5) |
Income (loss) before income taxes | 244 |  |  | (6,320) |  |  | (1,079) |  |  | (7,155) |
Income tax benefit | — |  |  | (3) |  |  | — |  |  | (3) |
Net income (loss) | $ | 244 |  |  | $ | (6,317) |  |  | $ | (1,079) |  |  | $ | (7,152) |
| Nine Months Ended September 30, 2023
| Managed Services |  | Collaboration Products |  | Corporate |  | Total
Revenue | $ | 1,933 |  |  | $ | 933 |  |  | $ | — |  |  | $ | 2,866 |
Cost of revenues | 1,288 |  |  | 956 |  |  | — |  |  | 2,244 |
Gross profit (loss) | $ | 645 |  |  | $ | (23) |  |  | $ | — |  |  | $ | 622 |
Gross profit (loss)% | 33 | % |  | (2) | % |  |  |  | 22 | %
Allocated operating expenses | $ | 3 |  |  | $ | 61 |  |  | $ | — |  |  | $ | 64 |
Unallocated operating expenses | — |  |  | — |  |  | 3,777 |  |  | 3,777 |
Total operating expenses | $ | 3 |  |  | $ | 61 |  |  | $ | 3,777 |  |  | $ | 3,841 |
Income (loss) from operations | $ | 642 |  |  | $ | (84) |  |  | $ | (3,777) |  |  | $ | (3,219) |
Interest and other income, net | (69) |  |  | (25) |  |  | — |  |  | (94) |
Net income (loss) before tax | 711 |  |  | (59) |  |  | (3,777) |  |  | (3,125) |
Income tax expense | 7 |  |  | 31 |  |  | — |  |  | 38 |
Net income (loss) | $ | 704 |  |  | $ | (90) |  |  | $ | (3,777) |  |  | $ | (3,163) |
| Nine Months Ended September 30, 2022
| Managed Services |  | Collaboration Products |  | Corporate |  | Total
Revenue | $ | 2,573 |  |  | $ | 1,477 |  |  | $ | — |  |  | $ | 4,050 |
Cost of revenues | 1,722 |  |  | 1,078 |  |  | — |  |  | 2,800 |
Gross profit | $ | 851 |  |  | $ | 399 |  |  | $ | — |  |  | $ | 1,250 |
Gross profit % | 33 | % |  | 27 | % |  |  |  | 31 | %
Allocated operating expenses | $ | 57 |  |  | $ | 17,954 |  |  | $ | — |  |  | $ | 18,011 |
Unallocated operating expenses | — |  |  | — |  |  | 3,954 |  |  | 3,954 |
Total operating expenses | $ | 57 |  |  | $ | 17,954 |  |  | $ | 3,954 |  |  | $ | 21,965 |
Income (loss) from operations | $ | 794 |  |  | $ | (17,555) |  |  | $ | (3,954) |  |  | $ | (20,715) |
Interest and other expense (income), net | 7 |  |  | (6) |  |  | — |  |  | 1 |
Net income (loss) before tax | 787 |  |  | (17,549) |  |  | (3,954) |  |  | (20,716) |
Income tax expense | 8 |  |  | — |  |  | — |  |  | 8 |
Net income (loss) | $ | 779 |  |  | $ | (17,549) |  |  | $ | (3,954) |  |  | $ | (20,724) |
Concentration of revenues was as follows:
|  |  | Three Months Ended September 30,
|  |  | 2023 |  | 2022
| Segment |  | % of Revenue |  | % of Revenue
Customer A | Managed Services |  | 60 | % |  | 53 | %
|  |  | Nine Months Ended September 30,
|  |  | 2023 |  | 2022
| Segment |  | % of Revenue |  | % of Revenue
Customer A | Managed Services |  | 56 | % |  | 48 | %
Concentration of accounts receivable was as follows:
|  |  | As of September 30, 2023
|  |  | 2023 |  | 2022
| Segment |  | % of Accounts Receivable |  | % of Accounts Receivable
Customer A | Managed Services |  | — | % |  | 52 | %
Customer B | Collaboration Products |  | 38 | % |  | — | %
Customer C | Collaboration Products |  | — | % |  | 12 | %
Customer D | Collaboration Products |  | 12 | % |  | — | %
Schedule of Revenue from External Customers by Geographic Areas | Revenue by geographic area is allocated as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Domestic | $ | 356 |  |  | $ | 575 |  |  | $ | 1,356 |  |  | $ | 2,120 |
Foreign | 516 |  |  | 610 |  |  | 1,510 |  |  | 1,930 |
| $ | 872 |  |  | $ | 1,185 |  |  | $ | 2,866 |  |  | $ | 4,050 |
Schedule of Disaggregated Revenue Information | 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 September 30,
| 2023 |  | % of Revenue |  | 2022 |  | % of Revenue
Revenue: Managed Services |  |  |  |  |  |  |
Video collaboration services | $ | 38 |  |  | 4 | % |  | $ | 69 |  |  | 6 | %
Network services | 557 |  |  | 64 | % |  | 716 |  |  | 60 | %
Professional and other services | 8 |  |  | 1 | % |  | 12 |  |  | 1 | %
Total Managed Services revenue | $ | 603 |  |  | 69 | % |  | $ | 797 |  |  | 67 | %
Revenue: Collaboration Products |  |  |  |  |  |  |
Visual collaboration product offerings | $ | 268 |  |  | 31 | % |  | $ | 385 |  |  | 33 | %
Professional services | 1 |  |  | — | % |  | — |  |  | — | %
Licensing | — |  |  | — | % |  | 3 |  |  | — | %
Total Collaboration Products revenue | 269 |  |  | 31 | % |  | 388 |  |  | 33 | %
Total revenue | $ | 872 |  |  | 100 | % |  | $ | 1,185 |  |  | 100 | %
| Nine Months Ended September 30,
| 2023 |  | % of Revenue |  | 2022 |  | % of Revenue
Revenue: Managed Services |  |  |  |  |  |  |
Video collaboration services | $ | 148 |  |  | 5 | % |  | $ | 264 |  |  | 7 | %
Network services | 1,758 |  |  | 61 | % |  | 2,260 |  |  | 56 | %
Professional and other services | 27 |  |  | 1 | % |  | 49 |  |  | 1 | %
Total Managed Services revenue | $ | 1,933 |  |  | 67 | % |  | $ | 2,573 |  |  | 64 | %
Revenue: Collaboration Products |  |  |  |  |  |  |
Visual collaboration product offerings | $ | 932 |  |  | 33 | % |  | $ | 1,467 |  |  | 36 | %
Professional services | 1 |  |  | — | % |  | — |  |  | — | %
Licensing | — |  |  | — | % |  | 10 |  |  | — | %
Total Collaboration Products revenue | 933 |  |  | 33 | % |  | 1,477 |  |  | 36 | %
Total revenue | $ | 2,866 |  |  | 100 | % |  | $ | 4,050 |  |  | 100 | %

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