SEGMENT AND GEOGRAPHICAL INFORMATION

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 15 – 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 provides authentication services 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		Authentication
	Corporate			Aviation Services		Technology			Total
Six months ended June 30, 2022:
Revenue	$	-		$	131,191	$	24,820		$	156,011
Depreciation and amortization		41			466		610			1,117
Net income (loss)		(1,198	)		1,276		(123	)		(45	)
Total assets	$	10,108		$	105,906	$	70,459		$	186,473
Six months ended June 30, 2021:
Revenue	$	-		$	114,001	$	40,418		$	154,419
Depreciation and amortization		37			698		250			985
Net income (loss)		(760	)		9,241		20,460			28,941
Total assets	$	10,739		$	107,368	$	66,067		$	184,174

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

	Six months ended June 30,
	2022		2021
Germany	$	57,063	$	56,026
United States of America		42,842		49,418
The Netherlands		28,385		22,698
Spain		17,300		14,205
Other		10,421		12,072
Total	$	156,011	$	154,419

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

	June 30,		December 31,
	2022		2021
Germany	$	356	$	361
United States of America		701		422
The Netherlands		452		624
Spain		113		118
Other		4,508		4,185
Total	$	6,130	$	5,710

Property and equipment, net, in other countries include $4,227 and $3,956 property and equipment in Israel as of June 30, 2022 and December 31, 2021.