BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION

17. BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION

The Company follows ASC 280 - Segment Reporting in determining its reportable segments. The Company considered the way its management team, most notably its chief operating decision maker, makes operating decisions and assesses performance and considered which components of the Company’s enterprise have discrete financial information available. As the Company makes decisions using a manufactured products vs. distributed products and services group focus, its analysis resulted in two reportable segments: T&D Solutions and Critical Power. The Critical Power reportable segment is the Company’s Titan Energy Systems, Inc. business unit. The T&D Solutions reportable segment is the Company’s Pioneer Custom Electrical Products Corp. business unit, together with sales and expenses attributable to the strategic sales group for its T&D Solutions marketing activities.

The T&D Solutions segment is involved in the design, manufacture and distribution of switchgear used primarily by large industrial and commercial operations to manage their electrical power distribution needs. The Critical Power segment provides new and used power generation equipment and aftermarket field-services primarily to help customers ensure smooth, uninterrupted power to operations during times of emergency.

The following tables present information about segment income and loss:

	For the Year Ended
	December 31,
	2020		2019
Revenues
T&D Solutions
Switchgear	$	10,257	$	8,985
	$	10,257	$	8,985
Critical Power Solutions
Equipment		1,574		1,416
Service		7,659		10,181
		9,233		11,597
Consolidated	$	19,490	$	20,582

	For the Year Ended
	December 31,
	2020		2019
Depreciation and amortization
T&D Solutions	$	113	$	144
Critical Power Solutions		319		162
Unallocated corporate overhead expenses		32		48
Consolidated	$	464	$	354

	For the Year Ended
	December 31,
	2020			2019
Operating loss
T&D Solutions	$	(1,934	)	$	(3,143	)
Critical Power Solutions		(430	)		(3,581	)
Unallocated corporate overhead expenses		(1,920	)		(5,029	)
Consolidated	$	(4,284	)	$	(11,753	)

The following table presents information which reconciles segment assets to consolidated total assets:

	December 31,
	2020		2019
Assets
T&D Solutions	$	3,443	$	6,075
Critical Power Solutions		3,705		4,849
Corporate		14,139		17,507
Consolidated	$	21,287	$	28,431

Corporate assets consisted primarily of cash and notes receivable.

Revenues are attributable to countries based on the location of the Company’s customers:

	For the Year Ended
	December 31,
	2020		2019
Revenues
United States	$	19,490	$	20,582

Sales to CleanSpark accounted for approximately 34% of the Company’s total sales in 2020.

The distribution of the Company’s property, plant, and equipment by geographic location is approximately as follows:

	December 31,
	2020		2019
Property, plant and equipment
United States	$	433	$	640