NOTE 19 – SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in three reportable segments: (a) corporate (b) airport security and other aviation services and (c) authentication 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 authentication 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 Services

							Authentication Technology
	Corporate						Authentication Technology			Total
Year ended December 31, 2019:
Revenue	$	-		$	309,548		$	23,759		$	333,307
Depreciation and amortization		46			1,328			314			1,688
Income (loss) from continuing operations		(11,740	)		(2,406	)		6,893			(7,253	)
Goodwill		-			681			-			681
Total assets from continuing operations		23,381			64,647			35,419			123,447

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			8,385			75,087

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			3,536			71,367

The following table sets forth, for the periods indicated, revenue generated from customers by geographical area based on the geographical location of the customer’s invoicing address:

	Year Ended December 31,
	2019		2018		2017

Germany	$	137,207	$	134,646	$	125,896
The Netherlands		97,700		121,465		103,862
United States		73,719		69,548		54,891
Other countries		24,681		19,562		13,033
Total	$	333,307	$	345,221	$	297,682

The following table sets forth, for the periods indicated, property and equipment, net of accumulated depreciation and amortization, by country:

	December 31,
	2019		2018

Germany	$	516	$	225
The Netherlands		862		1,118
United States		354		624
Other countries		2,854		2,296
Total	$	4,586	$	4,263

Property and equipment, net, in other countries include $2,212 and $1,838 property and equipment in Israel, as of December 31, 2019 and 2018, respectively.