| Schedule of segment reporting information |
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(Unaudited)
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(Unaudited)
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Nine months ended September 30,
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Three months ended September 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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136,189
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$
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119,308
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$
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48,815
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$
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44,145
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TechXtend
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11,708
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13,081
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3,548
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3,778
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147,897
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132,389
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52,363
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47,923
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Gross Profit:
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Lifeboat Distribution
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$
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19,708
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$
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17,099
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$
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6,386
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$
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5,639
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TechXtend
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2,400
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2,597
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669
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664
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22,108
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19,696
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7,055
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6,303
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Direct Costs:
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Lifeboat Distribution
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$
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7,520
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$
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6,517
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$
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2,481
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$
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2,295
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TechXtend
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1,124
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1,257
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316
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362
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8,644
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7,774
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2,797
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2,657
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Segment Income Before Taxes: (1)
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Lifeboat Distribution
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$
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12,188
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$
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10,582
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$
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3,905
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$
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3,344
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TechXtend
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1,276
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1,340
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353
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302
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Segment Income Before Taxes
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13,464
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11,922
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4,258
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3,646
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General and administrative
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$
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7,431
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$
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7,474
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$
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2,290
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$
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2,246
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Separation expenses
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100
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2,446
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—
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—
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Interest, net
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416
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744
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118
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296
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Foreign currency transaction gain (loss)
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39
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40
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(52)
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42
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Income before taxes
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$
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6,388
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$
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2,786
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$
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2,034
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$
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1,738
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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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September 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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85,431
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$
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77,610
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TechXtend
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5,588
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11,542
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Segment Select Assets
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91,019
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89,152
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Corporate Assets
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15,806
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18,819
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Total Assets
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$
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106,825
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$
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107,971
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| Summary of disaggregation of segment revenue |
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Nine 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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September 30,
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September 30,
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September 30,
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September 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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122,967
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$
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108,213
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$
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44,308
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$
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40,617
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Software - security & highly interdependent with support
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5,162
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4,607
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1,670
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1,358
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Maintenance, support & other services
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8,060
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6,488
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2,837
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2,170
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Net Sales
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$
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136,189
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$
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119,308
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$
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48,815
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$
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44,145
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TechXtend
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Hardware, software and other products
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$
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10,515
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$
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11,860
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$
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3,200
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$
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3,483
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Software - security & highly interdependent with support
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255
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422
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128
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75
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Maintenance, support & other services
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938
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799
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220
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220
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Net Sales
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$
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11,708
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$
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13,081
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$
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3,548
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$
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3,778
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