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Segment Reporting | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Effective October 1, 2019, the former businesses of Glowpoint (now Oblong, Inc.) and Oblong Industries have been managed separately, and involve different products and services. Accordingly, the Company currently operates in two segments for purposes of segment reporting: (1) “Collaboration Products” which represents the Oblong Industries business surrounding our Mezzanine™ product offerings and (2) “Managed Services” which represents the Oblong (formerly Glowpoint) business surrounding managed services for video collaboration and network solutions. Certain information concerning the Company’s segments for the years ended December 31, 2023 and 2022 is presented in the following tables (in thousands):
| Year Ended December 31, 2023
| Managed Services |  | Collaboration Products |  | Corporate |  | Total
Revenue | $ | 2,518 |  |  | $ | 1,292 |  |  | $ | — |  |  | $ | 3,810 |
Cost of revenues | 1,671 |  |  | 1,228 |  |  | — |  |  | 2,899 |
Gross profit | $ | 847 |  |  | $ | 64 |  |  | $ | — |  |  | $ | 911 |
Gross profit % | 34 | % |  | 5 | % |  | — | % |  | 24 | %
Allocated operating expenses | $ | 3 |  |  | $ | 481 |  |  | $ | — |  |  | $ | 484 |
Unallocated operating expenses | — |  |  | — |  |  | 4,922 |  |  | 4,922 |
Total operating expenses | $ | 3 |  |  | $ | 481 |  |  | $ | 4,922 |  |  | $ | 5,406 |
Income (loss) from operations | $ | 844 |  |  | $ | (417) |  |  | $ | (4,922) |  |  | $ | (4,495) |
Interest and other income, net | — |  |  | — |  |  | (138) |  |  | (138) |
Income (loss) before income taxes | $ | 844 |  |  | $ | (417) |  |  | $ | (4,784) |  |  | $ | (4,357) |
Income tax expense | $ | 11 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 27 |
Net income (loss) | $ | 833 |  |  | $ | (433) |  |  | $ | (4,784) |  |  | $ | (4,384) |
| As of December 31, 2023
Total assets | $ | 367 |  |  | $ | 568 |  |  | $ | 5,990 |  |  | $ | 6,925 |
| Year Ended December 31, 2022
| Managed Services |  | Collaboration Products |  | Corporate |  | Total
Revenue | $ | 3,348 |  |  | $ | 2,128 |  |  | $ | — |  |  | $ | 5,476 |
Cost of revenues | 2,273 |  |  | 1,657 |  |  | — |  |  | 3,930 |
Gross profit | $ | 1,075 |  |  | $ | 471 |  |  | $ | — |  |  | $ | 1,546 |
Gross profit % | 32.1 | % |  | 22.1 | % |  | — | % |  | 28.2 | %
Allocated operating expenses | $ | 19 |  |  | $ | 18,355 |  |  | $ | — |  |  | $ | 18,374 |
Unallocated operating expenses | — |  |  | — |  |  | 5,160 |  |  | 5,160 |
Total operating expenses | $ | 19 |  |  | $ | 18,355 |  |  | $ | 5,160 |  |  | $ | 23,534 |
Income (loss) from operations | $ | 1,056 |  |  | $ | (17,884) |  |  | $ | (5,160) |  |  | $ | (21,988) |
Interest and other (income) expense, net | 12 |  |  | (52) |  |  | — |  |  | (40) |
Income (loss) before income taxes | $ | 1,044 |  |  | $ | (17,832) |  |  | $ | (5,160) |  |  | $ | (21,948) |
Income tax benefit | $ | (4) |  |  | $ | (3) |  |  |  |  | $ | (7) |
Net income (loss) | $ | 1,048 |  |  | $ | (17,829) |  |  | $ | (5,160) |  |  | $ | (21,941) |
| As of December 31, 2022
Total assets | $ | 752 |  |  | $ | 1,824 |  |  | $ | 3,085 |  |  | $ | 5,661 |
Unallocated operating expenses include costs for the year ending December 31, 2023 and 2022 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. Unallocated assets consist of unrestricted cash. For the years ended December 31, 2023 and 2022, no material revenue was 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):
| Year Ended December 31,
| 2023 |  | 2022
Domestic | $ | 1,843 |  |  | $ | 2,781 |
Foreign | 1,967 |  |  | 2,695 |
| $ | 3,810 |  |  | $ | 5,476 |
Disaggregated information for the Company’s revenue has been recognized in the accompanying consolidated statements of operations and is presented below according to contract type (dollars in thousands):
| Year Ended December 31,
| 2023 |  | % of Revenue |  | 2022 |  | % of Revenue
Revenue: Managed Services |  |  |  |  |  |  |
Video collaboration services | $ | 183 |  |  | 4.8 | % |  | $ | 334 |  |  | 6.1 | %
Network services | 2,301 |  |  | 60.4 | % |  | 2,954 |  |  | 53.9 | %
Professional and other services | 34 |  | 0.9 | % |  | 60 |  | 1.1 | %
Total Managed Services revenue | $ | 2,518 |  |  | 66.1 | % |  | $ | 3,348 |  |  | 61.1 | %
Revenue: Collaboration Products |  |  |  |  |  |  |
Visual collaboration product offerings | $ | 1,291 |  |  | 33.9 | % |  | $ | 2,114 |  |  | 38.6 | %
Licensing | 1 |  |  | — | % |  | 14 |  |  | 0.3 | %
Total Collaboration Products revenue | $ | 1,292 |  |  | 33.9 | % |  | $ | 2,128 |  |  | 38.9 | %
Total revenue | $ | 3,810 |  |  | 100.0 | % |  | $ | 5,476 |  |  | 100.0 | %
The Company’s long-lived assets were 100% located in domestic markets as of December 31, 2023 and 2022. 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:
|  |  | Year Ended December 31, 2023
|  |  | 2023 |  | 2022
| Segment |  | % of Revenue |  | % of Revenue
Customer A | Managed Services |  | 55.9 | % |  | 46.8 | %
Concentration of accounts receivable was as follows:
|  |  | As of December 31,
|  |  | 2023 |  | 2022
| Segment |  | % of Accounts Receivable |  | % of Accounts Receivable
Customer A | Managed Services |  | 38.2 | % |  | 42.8 | %
Customer B | Collaboration Products |  | 46.8 | % |  | 22.0 | %

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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