SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 20 - SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in four reportable segments: (a) corporate (b) airport security (c) other aviation related services and (d) authentication technology. The corporate segment does not generate revenue and contains primarily non-operational expenses. The airport security segment provides security services mostly to airlines and airport authorities mostly in Europe. The other aviation related services segment provides various services to airlines within airports in the United States of America. The authentication technology segment provides authentication services to financial and other companies, predominantly in 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.

	Corporate			Airport Security			Other Aviation Related Services			Authentication Technology			Total
Year ended December 31, 2022:
Revenue	$	-		$	224,037			53,954		$	46,986		$	324,977
Depreciation and amortization		71			779			286			1,318			2,454
Net income (loss)		(2,921	)		1,128			(2,229	)		(1,212	)		(5,234	)
Goodwill		-			646			-			-			646
Total assets		8,698			82,016			25,072			68,847			184,633
Year ended December 31, 2021:
Revenue	$	-		$	217,463		$	36,224		$	71,247		$	324,934
Depreciation and amortization		75			939			167			880			2,061
Net income (loss)		(2,020	)		7,202			14,710			21,396			41,288
Goodwill		-			690			-			-			690
Total assets		10,349			84,923			27,502			73,106			195,880
Year ended December 31, 2020:
Revenue	$	-		$	194,477		$	28,177		$	25,765		$	248,419
Depreciation and amortization		72			994			308			716			2,090
Net income (loss)		(3,853	)		(2,779	)		8,835			3,199			5,402
Goodwill		-			746			-			-			746
Total assets		12,488			72,851			13,699			41,350			140,388

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,
	2022		2021		2020
Germany	$	111,826	$	126,367	$	119,500
United States		88,333		94,743		45,305
The Netherlands		63,842		52,165		58,446
Spain		39,448		30,946		7,465
Other countries		21,528		20,713		17,703
Total revenue	$	324,977	$	324,934	$	248,419

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

	December 31,
	2022		2021
Germany	$	384	$	361
United States		683		422
The Netherlands		488		624
Spain		135		118
Other countries		4,586		4,185
Total property and equipment, net	$	6,276	$	5,710

Property and equipment, net, in other countries include $4,216 and $3,956 property and equipment in Israel, as of December 31, 2022 and 2021, respectively.

Valuation and Qualifying Accounts

	Beginning of year		Charges to Costs and Expenses		Charges to other accounts			Deductions			End of Year
Allowance for doubtful accounts (1):
Year ended December 31, 2020	$	418		710		(438	)		-		$	690
Year ended December 31, 2021	$	690		864		(563	)		-		$	991
Year ended December 31, 2022	$	991		409		(192	)		-		$	1,208
Allowance for net deferred tax assets:
Year ended December 31, 2020	$	21,046		-		-			(3,601	)	$	17,445
Year ended December 31, 2021	$	17,445		-		-			(5,815	)	$	11,630
Year ended December 31, 2022	$	11,630		-		1,872			-		$	13,502

(1) Write-off net of recoveries for the allowance for doubtful accounts.