SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2018

NOTE 17 – SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in three reportable segments: (a) corporate (b) airport security and other aviation services and (c) technology. The corporate segment does not generate revenue and contains primarily non-operational expenses. The airport security and other aviation services segment provides security and other aviation services to airlines and airport authorities, predominantly in Europe and the United States of America. The technology segment is predominantly involved in the development and sale of authentication security software to financial and other institutions, predominantly in Europe and the United States of America. All inter-segment transactions are eliminated in consolidation. The accounting policies of the segments are the same as the accounting policies of the Company as a whole.

The operating results of these reportable segments are regularly reviewed by the chief operating decision.

				Airport
				Security
				and Other
				Aviation
	Corporate			Services			Technology			Total
Year ended December 31, 2018:
Revenue	$	-		$	329,150		$	16,071		$	345,221
Depreciation and amortization		45			1,756			96			1,897
Income (loss) from continuing operations		(6,205	)		(9,163	)		4,304			(11,064	)
Goodwill		-			695			-			695
Total assets from continuing operations		329			66,373			7,080			73,782

Year ended December 31, 2017:
Revenue	$	-		$	292,393		$	5,289		$	297,682
Depreciation and amortization		46			1,333			37			1,416
Income (loss) from continuing operations		(9,569	)		16,078			(644	)		5,865
Goodwill		-			1,044			-			1,044
Total assets from continuing operations		4,089			63,742			2,626			70,457

Year ended December 31, 2016:
Revenue	$	-		$	252,878		$	2,698		$	255,576
Depreciation and amortization		10			846			37			893
Income (loss) from continuing operations		(6,052	)		10,654			(2,260	)		2,342
Goodwill		-			314			-			314
Total assets from continuing operations		117			45,406			780			46,303

Revenue by country is summarized as follows:

	Year Ended December 31,
	2018		2017		2016

Germany	$	134,646	$	125,896	$	108,692
The Netherlands		121,465		103,862		87,348
United States		57,594		52,234		47,733
Other countries		31,516		15,690		11,803
Total	$	345,221	$	297,682	$	255,576

Property and equipment, net of accumulated depreciation and amortization, by country is summarized as follows:

	December 31,
	2017		2017

Germany	$	225	$	333
The Netherlands		1,118		1,668
United States		624		742
Other countries		2,296		462
Total	$	4,263	$	3,205

Property and equipment, net, in other countries include $1,838 and $71 property and equipment in Israel, as of December 31, 2018 and 2017, respectively.