Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting and Foreign Operations (Tables)

v3.8.0.1
Segment Reporting and Foreign Operations (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting and Foreign Operations [Abstract]  
Schedule of financial data by business segment
    Indoor Positioning
Analytics
    Infrastructure     Consolidated  
                   
For the Three Months Ended September 30, 2017:        
         
Net revenues   $ 871     $ 11,053     $ 11,924  
Cost of net revenues   $ (266 )   $ (9,407 )   $ (9,673 )
Gross profit   $ 605     $ 1,646     $ 2,251  
Gross margin %     69 %     15 %     19 %
Depreciation and amortization   $ 122     $ 369     $ 491  
Amortization of intangibles   $ 808     $ 519     $ 1,327  
                         
For the Three Months Ended September 30, 2016:                        
                         
Net revenues   $ 1,368     $ 9,872     $ 11,240  
Cost of net revenues   $ (488 )   $ (7,654 )   $ (8,142 )
Gross profit   $ 880     $ 2,218     $ 3,098  
Gross margin %     64 %     22 %     28 %
Depreciation and amortization   $ 128     $ 206     $ 334  
Amortization of intangibles   $ 864     $ 192     $ 1,056  
                         
For the Nine Months Ended September 30, 2017:                        
                         
Net revenues   $ 3,006     $ 37,496     $ 40,502  
Cost of net revenues   $ (990 )   $ (30,588 )   $ (31,578 )
Gross profit   $ 2,016     $ 6,908     $ 8,924  
Gross margin %     67 %     18 %     22 %
Depreciation and amortization   $ 290     $ 1,034     $ 1,324  
Amortization of intangibles   $ 2,537     $ 1,557     $ 4,094  
                         
For the Nine Months Ended September 30, 2016:                        
                         
Net revenues   $ 3,674     $ 34,985     $ 38,659  
Cost of net revenues   $ (1,065 )   $ (27,105 )   $ (28,170 )
Gross profit   $ 2,609     $ 7,880     $ 10,489  
Gross margin %     71 %     23 %     27 %
Depreciation and amortization   $ 309     $ 575     $ 884  
Amortization of intangibles   $ 2,593     $ 576     $ 3,169
Schedule of reconciliation of reportable segments' combined income from operations to the consolidated loss before income taxes

 

    For the Three Months Ended
September 30,
    For the Nine Months Ended 
September 30,
 
    2017     2016     2017     2016  
Income from operations of reportable segments   $ 2,251     $ 3,098     $ 8,924     $ 10,489  
Unallocated operating expenses     (16,845 )     (7,240 )     (34,105 )     (22,761 )
Interest expense     (694 )     (639 )     (2,721 )     (1,037 )
Other income (expense)     656       61       799       108  
Loss from discontinued operations     (9 )     --       (26 )     --  
Consolidated loss before income taxes   $ (14,641 )   $ (4,720 )   $ (27,129 )   $ (13,201 )
Schedule of financial data by geographic area

    United           Saudi              
    States     Canada     Arabia     Eliminations     Total  
For the Three Months Ended September 30, 2017:                              
Revenues by geographic area   $ 11,917     $ 7     $ --     $ --     $ 11,924  
Operating loss by geographic area   $ (14,097 )   $ (497 )   $ --     $ --     $ (14,594 )
Net income (loss) by geographic area   $ (14,135 )   $ (497 )   $ (9 )   $ --     $ (14,641 )
                                         
For the Three Months Ended September 30, 2016:                                        
Revenues by geographic area   $ 11,231     $ 9     $ --     $ --     $ 11,240  
Operating loss by geographic area   $ (3,622 )   $ (511 )   $ (9 )   $ --     $ (4,142 )
Net loss by geographic area   $ (4,200 )   $ (511 )   $ (9 )   $ --     $ (4,720 )
                                         
For the Nine Months Ended September 30, 2017:                                        
Revenues by geographic area   $ 40,368     $ 134     $ --     $ --     $ 40,502  
Operating loss by geographic area   $ (23,834 )   $ (1,347 )   $ --     $ --     $ (25,181 )
Net loss by geographic area   $ (25,756 )   $ (1,347 )   $ (26 )   $ --     $ (27,129 )
                                         
For the Nine Months Ended September 30, 2016:                                        
Revenues by geographic area   $ 38,605     $ 54     $ --     $ --     $ 38,659  
Operating loss by geographic area   $ (10,903 )   $ (1,344 )   $ (25 )   $ --     $ (12,272 )
Net loss by geographic area   $ (11,832 )   $ (1,344 )   $ (25 )   $ --     $ (13,201 )
                                         
As of September 30, 2017:                                        
Identifiable assets by geographic area   $ 34,591     $ 591     $ 23     $ --     $ 35,205  
Long lived assets by geographic area   $ 16,981     $ 397     $ --     $ --     $ 17,378  
                                         
As of December 31, 2016:                                        
Identifiable assets by geographic area   $ 66,050     $ 400     $ 23     $ --     $ 66,473  
Long lived assets by geographic area   $ 29,843     $ 319     $ --     $ --     $ 30,162