Segment Reporting

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

Note 13. Segment reporting

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision–making group in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision–making group is composed of the Chief Executive Officer. The Company operates in two segments, Cybersecurity and Bitcoin Mining. Certain corporate expenses are not allocated to segments.

The Company evaluates performance of its operating segments based on revenue and operating loss. The following table summarizes our segment information for the three months ended March 31, 2017 and 2016:

	Intellectual property			Cybersecurity			Unallocated corporate/other			Bitcoin mining			Total
Three months ended March 31, 2017
Revenue	$	–		$	–		$	–		$	312		$	312
Cost of revenue		–			–			–			(201	)		(201	)
Gross margin		–			–			–			111			111
Operating loss		–			(221	)		(2,835	)		111			(2,945	)
Three months ended March 31, 2016
Revenue	$	–		$	–		$	–			–		$	–
Cost of revenue		–			–			–			–			–
Gross margin		–			–			–			–			–
Operating loss		(50	)		–			(604	)		–			(654	)
March 31, 2017
Cash and cash equivalents	$	–		$	–		$	334			–		$	334
Property and equipment		–			–			6			497			503
Intangible assets		–			–			426			–			426
December 31, 2016
Cash and cash equivalents	$	–		$	–		$	345			–		$	345
Property and equipment		–			–			8			594			602
Intangible assets		–			–			468			–			468