XML 204 R36.htm IDEA: XBRL DOCUMENT v3.24.3
SEGMENT AND CUSTOMERS INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT AND CUSTOMERS INFORMATION

29. SEGMENT AND CUSTOMERS INFORMATION

 

The Company has eight and seven reportable segments and the holding company as of December 31, 2023 and 2022, respectively; see Note 1 for a brief description of the Company’s business.

 

The following data presents the revenues, expenditures and other operating data of the Company’s operating segments and presented in accordance with ASC 280.

 

Segment information for the year ended December 31, 2023:

                                                   
   GIGA  

TurnOn

Green

   Fintech   Sentinum  

Ault

Disruptive

   SMC   Energy   ROI  

Holding

Company

   Total 
Revenue, product  $37,759,000   $4,201,000   $-   $1,416,000   $-   $31,557,000   $899,000   $305,000   $-   $76,137,000 
Revenue, digital currencies mining   -    -    -    33,107,000    -    -    -    -    -    33,107,000 
Revenue, lending and trading activities   -    -    (1,998,000)   -    -    -    -    -    -    (1,998,000)
Revenue, crane operations   -    -    -    -    -    -    49,198,000    -    -    49,198,000 
Total revenues  $37,759,000   $4,201,000   $(1,998,000)  $34,523,000   $-   $31,557,000   $50,743,000   $305,000   $-   $156,444,000 
                                                   
Depreciation and amortization expense  $1,097,000   $93,000   $-   $18,295,000   $-   $884,000   $4,377,000   $173,000   $2,055,000   $26,974,000 
                                                   

Impairment of goodwill and intangible assets

  $4,681,000   $-   $-   $-   $-   $-   $42,880,000   $-   $-   $47,561,000 
                                                   

Impairment of property and equipment

  $-   $-   $-   $-   $-   $-   $14,025,000   $4,136,000   $-   $18,161,000 
                                                   

Impairment of mined digital currencies

  $-   $-   $-   $489,000   $-   $-   $-   $-   $-   $489,000 
                                                   
Income (loss) from operations  $(12,227,000)  $(4,381,000)  $(3,416,000)  $(2,583,000)  $(1,325,000)  $(6,972,000)  $(51,351,000)  $(44,353,000)  $(27,113,000)  $(153,721,000)
                                                   

Interest expense

  $843,000   $124,000   $-   $221,000   $-   $338,000   $2,344,000   $4,383,000   $28,342,000   $36,595,000 
                                                   
Capital expenditures for the year ended December 31, 2023  $271,000   $145,000   $-   $2,019,000   $-   $383,000   $3,603,000   $479,000   $2,757,000   $9,657,000 
                                                   
Segment identifiable assets as of December 31, 2023  $32,470,000   $4,995,000   $17,027,000   $59,903,000   $2,347,000   $-   $51,254,000   $9,937,000   $31,266,000    208,199,000 
Assets of discontinued operations                                                90,991,000 
Total identifiable assets as of December 31, 2023                                               $299,190,000 

 

 

Segment information for the year ended December 31, 2022:

                                              
   GIGA  

TurnOn

Green

   Fintech   Sentinum  

Ault

Disruptive

   SMC   Energy  

Holding

Company

   Total 
Revenue  $30,255,000   $5,522,000   $239,000   $1,105,000   $-   $24,224,000   $216,000   $-   $61,561,000 
Revenue, digital currencies mining   -    -    -    16,693,000    -    -    -    -    16,693,000 
Revenue, crane operations   -    -    -    -    -    -    2,739,000    -    2,739,000 
Revenue, lending and trading activities   -    -    36,644,000    -    -    -    -    -    36,644,000 
Total revenues  $30,255,000   $5,522,000   $36,883,000   $17,798,000   $-   $24,224,000   $2,955,000   $-   $117,637,000 
                                              
Depreciation and amortization expense  $1,713,000   $497,000   $475,000   $12,396,000   $-   $503,000   $281,000   $556,000   $16,421,000 
                                              
Impairment of goodwill and intangible assets  $9,881,000    -   $-   $-   $-   $3,183,000   $-   $-   $13,064,000 
                                              

Impairment of property and equipment

  $-   $-   $-   $79,556,000   $-   $-   $-   $-   $79,556,000 
                                              
Impairment of deposit due to vendor bankruptcy filing  $-   $-   $-   $2,000,000   $-   $-   $-   $-   $2,000,000 
                                              

Impairment of mined digital currencies

  $-   $-   $-   $3,099,000   $-   $-   $-   $-   $3,099,000 
                                              
Income (loss) from operations  $(13,951,000)  $(3,843,000)  $4,430,000   $(91,614,000)  $(1,420,000)  $(4,973,000)  $(546,000)  $(27,560,000)  $(139,477,000)
                                              

Interest expense

  $745,000   $7,000   $3,000   $233,000   $7,000   $271,000   $1,457,000   $34,619,000   $37,342,000 
                                              
Capital expenditures for the year ended December 31, 2022  $600,000   $266,000   $17,374,000   $80,799,000   $-   $93,000   $31,000   $142,000   $99,305,000 
                                              
Segment identifiable assets as of December 31, 2022  $38,520,000   $6,959,000   $82,944,000   $75,731,000   $118,791,000   $27,508,000   $96,255,000   $16,312,000   $463,020,000 
Assets of discontinued operations                                           98,494,000 
Total identifiable assets as of December 31, 2022                                          $561,514,000