Segment Reporting

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Reporting

Note 5 — Segment Reporting

Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (CODM) for purposes of allocating resources and evaluating financial performance. The Company’s CODM is the chief financial officer who reviews financial information presented at the subsidiary level for purposes of allocating resources and evaluating financial performance. As such, the Company’s operations constitute two operating segments and two reportable segments.

The following tables reflect the results of continuing operations of the company’s segments consistent with the management and measurement system utilized within the company. Performance measurement is primarily based on revenue and gross profit. These results are used, in part, by the chief operating decision maker, both in evaluating the performance of, and in allocating resources to, each of the segments. The CODM does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not included.

The following tables provide a summary of the revenue, cost of revenue for our subsidiary segments for the six and three months ended June 30, 2021 (in thousands):

For the three months ended June 30, 2021
	TTM Digital			Sysorex Government Services			Consolidated
Revenues
Products Revenue	$	-		$	1,599		$	1,599
Services Revenue		-			413			413
Mining Income		4,234			-			4,234
Total Revenues	$	4,234		$	2,012		$	6,246
Product Cost	$	-		$	1,391		$	1,391
Services Cost		-			242			242
Mining Cost		344			-			344
Other Operating Expenses	$	4,837		$	1,237		$	6,074
Operating Income (Loss)	$	(948	)	$	(857	)	$	(1,805	)

For the six months ended June 30, 2021
	TTM Digital		Sysorex Government Services			Consolidated
Revenues
Products Revenue	$	-	$	1,599		$	1,599
Services Revenue		-		413			413
Mining Income		6,251		-			6,251
Total Revenues	$	6,251	$	2,012		$	8,263
Product Cost	$	-	$	1,391		$	1,391
Services Cost		-		242			242
Mining Cost		475		-			475
Other Operating expenses	$	5,415	$	1,237		$	6,652
Operating Income (Loss)	$	360	$	(857	)	$	(497	)
Total Segment Assets	$	14,715	$	6,048		$	20,763