| Schedule of segment reporting information |
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(Unaudited)
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(Unaudited)
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Six months ended June 30,
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Three months ended June 30,
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2019
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2018
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2019
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2018
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Revenue:
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Lifeboat Distribution
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$
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87,376
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$
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75,162
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$
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47,320
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$
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38,324
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TechXtend
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8,158
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9,304
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3,356
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5,590
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95,534
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84,466
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50,676
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43,914
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Gross Profit:
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Lifeboat Distribution
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$
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13,322
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$
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11,460
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$
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7,124
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$
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5,275
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TechXtend
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1,731
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1,933
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695
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1,223
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15,053
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13,393
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7,819
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6,498
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Direct Costs:
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Lifeboat Distribution
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$
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5,039
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$
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4,222
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$
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2,555
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$
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2,187
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TechXtend
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808
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895
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370
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495
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5,847
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5,117
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2,925
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2,682
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Segment Income Before Taxes: (1)
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Lifeboat Distribution
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$
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8,283
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$
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7,238
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$
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4,569
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$
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3,088
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TechXtend
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923
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1,038
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325
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728
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Segment Income Before Taxes
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9,206
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8,276
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4,894
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3,816
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General and administrative
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$
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5,141
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$
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5,229
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$
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2,547
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$
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2,616
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Separation expenses
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100
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2,446
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100
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2,446
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Interest, net
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298
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449
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129
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210
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Foreign currency transaction gain (loss)
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91
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(2)
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29
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(3)
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Income (loss) before taxes
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$
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4,354
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$
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1,048
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$
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2,405
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$
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(1,039)
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(1) 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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June 30,
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December 31,
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Selected Assets by Segment:
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2019
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2018
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Lifeboat Distribution
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$
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83,359
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$
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77,610
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TechXtend
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6,835
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11,542
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Segment Select Assets
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90,194
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89,152
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Corporate Assets
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15,470
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18,819
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Total Assets
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$
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105,664
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$
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107,971
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| Summary of disaggregation of segment revenue |
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Six months ended
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Three months ended
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(Unaudited)
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(Unaudited)
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Disaggregation of Revenue:
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June 30,
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June 30,
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June 30,
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June 30,
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2019
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2018
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2019
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2018
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Lifeboat Distribution
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Hardware, software and other products
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$
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78,660
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$
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67,596
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$
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42,807
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$
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35,173
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Software - security & highly interdependent with support
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3,494
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3,249
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1,656
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1,163
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Maintenance, support & other services
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5,222
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4,317
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2,857
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1,988
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Net Sales
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$
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87,376
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$
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75,162
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$
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47,320
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$
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38,324
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TechXtend
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Hardware, software and other products
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$
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7,314
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$
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8,377
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$
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2,977
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$
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4,938
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Software - security & highly interdependent with support
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126
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347
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71
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330
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Maintenance, support & other services
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718
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580
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308
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322
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Net Sales
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$
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8,158
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$
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9,304
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$
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3,356
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$
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5,590
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