Segment Reporting

9 Months Ended

Sep. 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 (2) operating segments and two (2) 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 nine and three months ended September 30, 2021 (in thousands):

For the three months ended September 30, 2021
Revenues	TTM Digital			Sysorex Government Services			Consolidated
Products Revenue	$	-		$	1,232		$	1,232
Services Revenue		-			634			634
Mining Income		2,992			-			2,992
Total Revenues	$	2,992		$	1,866		$	4,858
Product Cost	$	-		$	1,141		$	1,141
Services Cost		-			364			364
Mining Cost		377			-			377
Other Operating Expenses	$	3,484		$	1,945		$	5,429
Operating Loss	$	(869	)	$	(1,584	)	$	(2,453	)

For the nine months ended September 30, 2021
	TTM Digital			Sysorex Government Services			Consolidated
Revenues
Products Revenue	$	-		$	2,831		$	2,831
Services Revenue		-			1,047			1,047
Mining Income		9,244			-			9,244
Total Revenues	$	9,244		$	3,878		$	13,122
Product Cost	$	-		$	2,532		$	2,532
Services Cost		-			606			606
Mining Cost		852			-			852
Other Operating expenses	$	8,899		$	3,181		$	12,080
Operating Loss	$	(507	)	$	(2,441	)	$	(2,948	)
Total Segment Assets	$	20,780		$	5,717		$	26,497