Registration of securities issued in business combination transactions

SEGMENT INFORMATION (Tables)

v3.21.2
SEGMENT INFORMATION (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Segment Reporting [Abstract]    
Schedule of Segment Information

Information concerning the Company’s continuing operations in these two segments for the three-month periods ended June 30, 2021 and 2020 are as follows:

                             
  Electronics &   Services &         Intersegment    
  Software   Support   Other   Eliminations   Total
Three Months Ended June 30, 2021                            
Sales $ 9,307,000   $ 1,833,000   $   $ (143,000)   $ 10,997,000
Cost of sales   5,204,000     1,185,000             6,389,000
Gross profit   4,103,000     648,000         (143,000)     4,608,000
Selling, general and                            
administrative expenses   3,592,000     878,000     663,000     (143,000)     4,990,000
Transaction costs           1,279,000         1,279,000
Operating income (loss)   511,000     (230,000)     (1,942,000)         (1,661,000)
Other (expense) income   (38,000)     16,000     (257,000)         (279,000)
Income (loss) before income tax $ 473,000   $ (214,000)   $ (2,199,000)   $   $ (1,940,000)
                             
Depreciation and amortization $ 68,000   $ 139,000   $ 38,000   $   $ 245,000
                             
Capital expenditures $   $ 1,000   $   $   $ 1,000
                             
Assets $ 14,819,000   $ 7,624,000   $ 29,581,000   $ (27,000)   $ 51,997,000
                             
                             
  Electronics &   Services &         Intersegment    
  Software   Support   Other   Eliminations   Total
Three Months Ended June 30, 2020                            
Sales $ 8,287,000   $ 1,525,000   $   $ (184,000)   $ 9,628,000
Cost of sales   5,192,000     982,000         (26,000)     6,148,000
Gross profit   3,095,000     543,000         (158,000)     3,480,000
Selling, general and                            
administrative expenses   3,638,000     483,000     769,000     (158,000)     4,732,000
Transaction costs           394,000         394,000
Operating (loss) income   (543,000)     60,000     (1,163,000)         (1,646,000)
Other income   3,000         276,000         279,000
(Loss) income before income tax $ (540,000)   $ 60,000   $ (887,000)   $   $ (1,367,000)
                             
Depreciation and amortization $ 76,000   $ 19,000   $ 123,000   $   $ 218,000
                             
Capital expenditures $ 24,000   $   $ 8,000   $   $ 32,000
                             
Assets $ 16,825,000   $ 6,569,000   $ 33,984,000   $ (27,000)   $ 57,351,000

 

 

                             
  Electronics &   Services &         Intersegment    
  Software   Support   Other   Eliminations   Total
Six Months Ended June 30, 2021                            
Sales $ 17,671,000   $ 3,772,000   $   $ (287,000)   $ 21,156,000
Cost of sales   9,985,000     2,347,000             12,332,000
Gross profit   7,686,000     1,425,000         (287,000)     8,824,000
Selling, general and                            
administrative expenses   7,200,000     1,857,000     1,391,000     (287,000)     10,161,000
Transaction costs           2,471,000         2,471,000
Operating income (loss)   486,000     (432,000)     (3,862,000)         (3,808,000)
Other (expense) income   (57,000)     16,000     (251,000)         (292,000)
Income (loss) before income tax $ 429,000   $ (416,000)   $ (4,113,000)   $   $ (4,100,000)
                             
Depreciation and amortization $ 135,000   $ 293,000   $ 77,000   $   $ 505,000
                             
Capital expenditures $ 4,000   $ 6,000   $   $   $ 10,000
                             
                             
  Electronics &   Services &         Intersegment      
  Software   Support   Other   Eliminations   Total
Six Months Ended June 30, 2020                            
Sales $ 16,823,000   $ 2,352,000   $   $ (384,000)   $ 18,791,000
Cost of sales   9,999,000     1,602,000         (27,000)     11,574,000
Gross profit   6,824,000     750,000         (357,000)     7,217,000
Selling, general and                            
administrative expenses   7,535,000     811,000     1,683,000     (357,000)     9,672,000
Transaction costs           415,000         415,000
Operating loss   (711,000)     (61,000)     (2,098,000)         (2,870,000)
Other income (expense)   17,000         673,000         690,000
Loss before income tax $ (694,000)   $ (61,000)   $ (1,425,000)   $   $ (2,180,000)
                             
Depreciation and amortization $ 147,000   $ 32,000   $ 251,000   $   $ 430,000
                             
Capital expenditures $ 68,000   $ 1,000   $ 20,000   $   $ 89,000

Information concerning the Company’s operations in the various segments for the years ended December 31, 2020 and 2019 is as follows:

    Electronics &     Services &           Intersegment        
    Software     Support     Other     Eliminations     Total  
2020                              
Sales   $ 34,496,000     $ 8,777,000     $     $ (697,000 )   $ 42,576,000  
Cost of sales     19,606,000       5,798,000             (35,000 )     25,36 9,000  
Gross profit     14,890,000       2,979,000             (662,000 )     17,207,000  
                                         
Selling, general and administrative expenses     13,875,000       2,669,000       3,337,000       (662,000 )     19,219,000  
Acquisition costs                 685,000             685,000  
Operating income (loss)     1,015,000       310,000       (4,022,000 )           (2,697,000 )
Other income (expense)     (10,000 )     (32,000 )     964,000             922,000  
Income (loss) from continuing operations before tax   $ 1,005,000     $ 278,000     $ (3,058,000 )   $     $ (1,775,000 )
                                         
Depreciation and amortization   $ 288,000     $ 292,000     $ 382,000     $     $ 962,000  
                                         
Capital expenditures   $ 81,000     $ 14,000     $ 155,000     $     $ 250,000  
                                         
Assets   $ 15,398,000     $ 8,521,000     $ 31,664,000     $ (27,000 )   $ 55,556,000  

 

 

    Electronics &     Services &           Intersegment        
    Software     Support     Other     Eliminations     Total  
2019                              
Sales   $ 47,007,000     $ 4,741,000     $     $ (842,000 )   $ 50,906,000  
Cost of sales     25,613,000       3,259,000             (152,000 )     28,720,000  
Gross profit     21,394,000       1,482,000             (690,000 )     22,186,000  
Selling, general and administrative expenses     17,354,000       1,485,000       4,028,000       (690,000 )     22,177,000  
Operating income (loss)     4,040,000       (3,000 )     (4,028,000 )           9,000  
Other income (expense)     (7,000 )     (10,000 )     243,000             226,000  
Income (loss) from continuing operations before tax   $ 4,033,000     $ (13,000 )   $ (3,785,000 )   $     $ 235,000  
                                         
Depreciation and amortization   $ 360,000     $ 92,000     $ 581,000     $     $ 1,033,000  
                                         
Capital expenditures   $ 81,000     $ 69,000     $ 275,000     $     $ 425,000  
                                         
Assets   $ 19,902,000     $ 1,694,000     $ 37,582,000     $ (27,000 )   $ 59,151,000