| Schedule of segment reporting information |
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(Unaudited)
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Three months ended March 31,
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2020
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|
2019
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|
Revenue:
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|
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Lifeboat Distribution
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$
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57,264
|
|
$
|
40,055
|
|
TechXtend
|
|
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5,354
|
|
|
4,803
|
|
|
|
|
62,618
|
|
|
44,858
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|
Gross Profit:
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Lifeboat Distribution
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$
|
7,162
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|
$
|
6,198
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TechXtend
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|
|
1,002
|
|
|
1,036
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|
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8,164
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|
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7,234
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Direct Costs:
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Lifeboat Distribution
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$
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2,637
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$
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2,484
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TechXtend
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|
|
462
|
|
|
437
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|
|
|
|
3,099
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|
|
2,921
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|
Segment Income Before Taxes: (1)
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Lifeboat Distribution
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|
$
|
4,525
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|
$
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3,714
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TechXtend
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|
|
540
|
|
|
599
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Segment Income Before Taxes
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|
|
5,065
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|
|
4,313
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|
|
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|
|
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General and administrative
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$
|
2,401
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$
|
2,594
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Legal and financial advisory expenses - unsolicited bid and related matters
|
|
|
1,323
|
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|
—
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Acquisition related costs
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|
403
|
|
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—
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Interest, net
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|
|
62
|
|
|
169
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Foreign currency transaction gain
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|
|
115
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|
|
62
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Income before taxes
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$
|
1,115
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|
$
|
1,950
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|
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(1)
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Excludes general corporate expenses including interest and foreign currency translation expenses.
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(Unaudited)
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As of
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As of
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March 31,
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December 31,
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Selected Assets by Segment:
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2020
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2019
|
|
|
|
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|
|
|
|
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Lifeboat Distribution
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|
$
|
107,450
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|
$
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99,602
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|
|
TechXtend
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|
|
5,164
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|
|
5,603
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|
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Segment Select Assets
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112,614
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105,205
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Corporate Assets
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17,232
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|
|
21,076
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Total Assets
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$
|
129,846
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$
|
126,281
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| Summary of disaggregation of segment revenue |
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|
|
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(Unaudited)
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Three months ended
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Disaggregation of Revenue:
|
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March 31,
|
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March 31,
|
|
|
|
2020
|
|
2019
|
|
Lifeboat Distribution
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Hardware, software and other products
|
|
$
|
52,494
|
|
$
|
35,852
|
|
Software - security & highly interdependent with support
|
|
|
1,925
|
|
|
1,836
|
|
Maintenance, support & other services
|
|
|
2,845
|
|
|
2,367
|
|
Net Sales
|
|
$
|
57,264
|
|
$
|
40,055
|
|
|
|
|
|
|
|
|
|
TechXtend
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hardware, software and other products
|
|
$
|
5,089
|
|
$
|
4,337
|
|
Software - security & highly interdependent with support
|
|
|
28
|
|
|
56
|
|
Maintenance, support & other services
|
|
|
237
|
|
|
410
|
|
Net Sales
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|
$
|
5,354
|
|
$
|
4,803
|
|