Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summarized financial information concerning the Company’s reportable segments is shown in the following table. The “Other” column includes corporate related items and items such as income taxes or unusual items, which are not allocated to reportable segments. In addition, segments’ non-cash items include any depreciation and amortization in reported profit or loss

Summarized financial information concerning the Company’s reportable segments is shown in the following table. The “Other” column includes corporate related items and items such as income taxes or unusual items, which are not allocated to reportable segments. In addition, segments’ non-cash items include any depreciation and amortization in reported profit or loss.

(Dollars in thousands)	Cryptocurrency		Test and Measurement Instrumentation		Other			Condensed Consolidated Totals
Three months ended September 30, 2021
Cryptocurrency mining revenue	$	2,018	$	—	$	—		$	2,018
Data hosting revenue		1,106		—		—			1,106
Product revenue		—		1,949		—			1,949
Cost of revenue		1,743		661		—			2,404
Research and product development expenses		—		404		—			404
Selling, general and administrative expenses		1,030		577		1,286			2,893
Segment profit / (loss) from operations before income taxes		(466)		678		(822	)		(610	)
Segment profit / (loss)		(466)		678		(822	)		(610	)
Total assets		7,039		2,697		36,872			46,608
Capital expenditures		16,286		20		28			16,334
Depreciation and amortization		156		19		1			176

Three months ended September 30, 2020
Cryptocurrency mining revenue	$	176	$	—	$	—		$	176
Data hosting revenue		—		—		—			—
Product revenue		—		3,511		—			3,511
Cost of revenue		248		631		—			879
Research and product development expenses		—		363		—			363
Selling, general and administrative expenses		218		411		361			990
Segment profit / (loss) from operations before income taxes		(3)		1,691		(178	)		1,510
Segment profit / (loss)		(3)		1,691		(181	)		1,507
Total assets		1,383		3,016		4,039			8,438
Capital expenditures		32		2		—			34
Depreciation and amortization		26		19		—			45
Nine months ended September 30, 2021
Cryptocurrency mining revenue	$	4,670	$	—	$	—		$	4,670
Data hosting revenue		1,106		—		—			1,106
Product revenue		—		4,933		—			4,933
Cost of revenue		2,616		1,616		—			4,232
Research and product development expenses		—		1,196		—			1,196
Selling, general and administrative expenses		1,887		1,642		4,232			7,761
Segment profit / (loss) from operations before income taxes		304		5		(2,758	)		(2,449	)
Segment profit / (loss)		304		5		(2,761	)		(2,452	)
Total assets		7,039		2,697		36,872			46,608
Capital expenditures		17,812		37		28			17,877
Depreciation and amortization		380		53		1			434

Nine months ended September 30, 2020
Cryptocurrency mining revenue	$	226		$	—	$	—		$	226
Data hosting revenue		—			—		—			—
Product revenue		—			7,484		—			7,484
Cost of revenue		248			1,790		—			2,038
Research and product development expenses		—			1,127		—			1,127
Selling, general and administrative expenses		398			1,264		970			2,632
Segment profit / (loss) from operations before income taxes		(147	)		2,650		(531	)		1,972
Segment profit / (loss)		(147	)		2,650		(531	)		1,972
Total assets		1,383			3,016		4,039			8,438
Capital expenditures		366			16		—			382
Depreciation and amortization		35			62		—			97

The following table presents the details of “Other” segment loss

The following table presents the details of “Other” segment loss:

	Three Months Ended September 30,						Nine Months Ended September 30,
(Dollars in thousands)	2021			2020			2021			2020
Corporate and other (expenses) income:
Salaries and Benefits	$	(700	)	$	(192	)	$	(2,179	)	$	(433	)
Income tax (expense) benefit		—			(3	)		(3	)		—
Other expense, net		(122	)		14			(579	)		(98	)
Total income (expense)	$	(822	)	$	(181	)	$	(2,761	)	$	(531	)