SEGMENT AND GEOGRAPHICAL INFORMATION

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 14 - SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in four reportable segments: (a) corporate (b) airport security (c) other aviation services and (d) authentication technology. The corporate segment does not generate revenue from third parties and contains primarily non-operational expenses. The airport security segment provides security services mostly to airport authorities and airlines predominantly in Europe. The other aviation services segment provides services mostly to airlines and airport authorities, 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.

				Airport			Other Aviation			Authentication
	Corporate			Security			Services			Technology			Total
Six months ended June 30, 2023:
Revenue	$	-		$	146,837		$	31,328		$	26,243		$	204,408
Depreciation and amortization		4			435			153			730			1,322
Net income (loss)		(1,554	)		(2,556	)		(422	)		3,192			(1,340	)
Total assets	$	7,144		$	86,035		$	24,508		$	67,889		$	185,576
Six months ended June 30, 2022:
Revenue	$	-		$	107,237		$	23,954		$	24,820		$	156,011
Depreciation and amortization		41			391			75			610			1,117
Net income (loss)		(1,198	)		1,943			(667	)		(123	)		(45	)
Total assets	$	10,108		$	78,872		$	27,034		$	70,459		$	186,473