Segment Reporting and Foreign Operations (Tables)
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6 Months Ended |
Jun. 30, 2018 |
Segment Reporting and Foreign Operations [Abstract] |
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Schedule of company's reportable segments before unallocated corporate expenses |
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Indoor Positioning Analytics
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Infrastructure |
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Consolidated |
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For the Three Months Ended June 30, 2018: |
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|
|
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Net revenues |
|
$ |
1,274 |
|
|
$ |
554 |
|
|
$ |
1,828 |
|
Cost of net revenues |
|
$ |
(369 |
) |
|
$ |
(448 |
) |
|
$ |
(817 |
) |
Gross profit |
|
$ |
905 |
|
|
$ |
106 |
|
|
$ |
1,011 |
|
Gross margin % |
|
|
71 |
% |
|
|
19 |
% |
|
|
55 |
% |
Depreciation and amortization |
|
$ |
120 |
|
|
$ |
406 |
|
|
$ |
526 |
|
Amortization of intangibles |
|
$ |
804 |
|
|
$ |
519 |
|
|
$ |
1,323 |
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|
|
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|
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For the Three Months Ended June 30, 2017: |
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net revenues |
|
$ |
1,156 |
|
|
$ |
13,940 |
|
|
$ |
15,096 |
|
Cost of net revenues |
|
$ |
(380 |
) |
|
$ |
(11,332 |
) |
|
$ |
(11,712 |
) |
Gross profit |
|
$ |
776 |
|
|
$ |
2,608 |
|
|
$ |
3,384 |
|
Gross margin % |
|
|
67 |
% |
|
|
19 |
% |
|
|
22 |
% |
Depreciation and amortization |
|
$ |
93 |
|
|
$ |
340 |
|
|
$ |
433 |
|
Amortization of intangibles |
|
$ |
863 |
|
|
$ |
519 |
|
|
$ |
1,382 |
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|
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|
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For the Six Months Ended June 30, 2018: |
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|
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Net revenues |
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$ |
2,121 |
|
|
$ |
1,801 |
|
|
$ |
3,922 |
|
Cost of net revenues |
|
$ |
(604 |
) |
|
$ |
(1,072 |
) |
|
$ |
(1,676 |
) |
Gross profit |
|
$ |
1,517 |
|
|
$ |
729 |
|
|
$ |
2,246 |
|
Gross margin % |
|
|
72 |
% |
|
|
40 |
% |
|
|
57 |
% |
Depreciation and amortization |
|
$ |
279 |
|
|
$ |
761 |
|
|
$ |
1,040 |
|
Amortization of intangibles |
|
$ |
1,607 |
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|
$ |
1,038 |
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$ |
2,645 |
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For the Six Months Ended June 30, 2017: |
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|
|
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Net revenues |
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$ |
2,137 |
|
|
$ |
26,441 |
|
|
$ |
28,578 |
|
Cost of net revenues |
|
$ |
(723 |
) |
|
$ |
(21,182 |
) |
|
$ |
(21,905 |
) |
Gross profit |
|
$ |
1,414 |
|
|
$ |
5,259 |
|
|
$ |
6,673 |
|
Gross margin % |
|
|
66 |
% |
|
|
20 |
% |
|
|
23 |
% |
Depreciation and amortization |
|
$ |
168 |
|
|
$ |
665 |
|
|
$ |
833 |
|
Amortization of intangibles |
|
$ |
1,729 |
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|
$ |
1,038 |
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|
$ |
2,767 |
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Schedule of reconciliation of reportable segments' combined income from operations to the consolidated loss before income taxes |
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2018 |
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2017 |
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2018 |
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2017 |
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Income from operations of reportable segments |
|
$ |
1,011 |
|
|
$ |
3,384 |
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|
$ |
2,246 |
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|
$ |
6,673 |
|
Unallocated operating expenses |
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|
(7,460 |
) |
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(8,614 |
) |
|
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(14,303 |
) |
|
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(17,260 |
) |
Interest expense |
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(356 |
) |
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(1,344 |
) |
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(1,638 |
) |
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(2,027 |
) |
Other income (expense) |
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|
950 |
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|
152 |
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1,596 |
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|
143 |
|
Loss from discontinued operations |
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|
-- |
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(9 |
) |
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|
-- |
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|
|
(17 |
) |
Consolidated loss before income taxes |
|
$ |
(5,855 |
) |
|
$ |
(6,431 |
) |
|
$ |
(12,099 |
) |
|
$ |
(12,488 |
) |
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Schedule of financial data by geographic area |
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United |
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Saudi |
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States |
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Canada |
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Arabia |
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India |
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Eliminations |
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Total |
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For the Three Months Ended June 30, 2018: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Revenues by geographic area |
|
$ |
1,823 |
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|
$ |
5 |
|
|
$ |
-- |
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|
$ |
74 |
|
|
$ |
(74 |
) |
|
$ |
1,828 |
|
Operating income (loss) by geographic area |
|
$ |
(6,078 |
) |
|
$ |
(387 |
) |
|
$ |
-- |
|
|
$ |
16 |
|
|
$ |
-- |
|
|
$ |
(6,449 |
) |
Net income (loss) by geographic area |
|
$ |
(5,484 |
) |
|
$ |
(387 |
) |
|
$ |
-- |
|
|
$ |
16 |
|
|
$ |
-- |
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|
$ |
(5,855 |
) |
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For the Three Months Ended June 30, 2017: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Revenues by geographic area |
|
$ |
15,025 |
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|
$ |
70 |
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|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
15,096 |
|
Operating loss by geographic area |
|
$ |
(4,784 |
) |
|
$ |
(447 |
) |
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
(5,230 |
) |
Net loss by geographic area |
|
$ |
(5,975 |
) |
|
$ |
(447 |
) |
|
$ |
(9 |
) |
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
(6,431 |
) |
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|
|
|
|
|
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|
|
|
|
|
|
|
|
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For the Six Months Ended June 30, 2018: |
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Revenues by geographic area |
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$ |
3,911 |
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|
$ |
11 |
|
|
$ |
-- |
|
|
$ |
126 |
|
|
$ |
(126 |
) |
|
$ |
3,922 |
|
Operating income (loss) by geographic area |
|
$ |
(11,195 |
) |
|
$ |
(876 |
) |
|
$ |
-- |
|
|
$ |
14 |
|
|
$ |
-- |
|
|
$ |
(12,057 |
) |
Net income (loss) by geographic area |
|
$ |
(11,233 |
) |
|
$ |
(880 |
) |
|
$ |
-- |
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|
$ |
14 |
|
|
$ |
-- |
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|
$ |
(12,099 |
) |
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For the Six Months Ended June 30, 2017: |
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|
|
|
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|
|
|
|
|
|
|
|
|
|
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|
|
|
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Revenues by geographic area |
|
$ |
28,452 |
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|
$ |
126 |
|
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
28,578 |
|
Operating loss by geographic area |
|
$ |
(9,739 |
) |
|
$ |
(848 |
) |
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
(10,587 |
) |
Net loss by geographic area |
|
$ |
(11,623 |
) |
|
$ |
(848 |
) |
|
$ |
(17 |
) |
|
$ |
-- |
|
|
$ |
-- |
|
|
$ |
(12,488 |
) |
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|
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As of June 30, 2018: |
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|
|
|
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|
|
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|
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Identifiable assets by geographic area |
|
$ |
24,557 |
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|
$ |
269 |
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|
$ |
-- |
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|
$ |
66 |
|
|
$ |
-- |
|
|
$ |
24,892 |
|
Long lived assets by geographic area |
|
$ |
11,964 |
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|
$ |
133 |
|
|
$ |
-- |
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|
$ |
9 |
|
|
$ |
-- |
|
|
$ |
12,106 |
|
|
|
|
|
|
|
|
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As of December 31, 2017: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Identifiable assets by geographic area |
|
$ |
27,189 |
|
|
$ |
432 |
|
|
$ |
23 |
|
|
$ |
47 |
|
|
$ |
-- |
|
|
$ |
27,691 |
|
Long lived assets by geographic area |
|
$ |
14,883 |
|
|
$ |
318 |
|
|
$ |
-- |
|
|
$ |
14 |
|
|
$ |
-- |
|
|
$ |
15,215 |
|
|