SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2017

NOTE 16 – SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in three reportable segments: (a) corporate (b) airport security and other aviation services and (c) technology. The corporate segment does not generate revenue and contains primarily non-operational expenses. The airport security and other aviation services segment provides security and other aviation services to airlines and airport authorities, predominantly in Europe and the United States of America. The technology segment is predominantly involved in the development and sale of authentication security software to financial and other institutions, predominantly in Europe and the United States of America. All inter-segment transactions are eliminated in consolidation. The accounting policies of the segments are the same as the accounting policies of the Company as a whole.

The operating results of these reportable segments are regularly reviewed by the chief operating decision.

				Airport
				Security
				and Other
				Aviation
	Corporate			Services		Technology			Total
Year ended December 31, 2017:
Revenue	$	-		$	292,393	$	5,289		$	297,682
Depreciation and amortization		46			1,333		37			1,416
Income (loss) from continuing operations		(9,294	)		15,803		(644	)		5,865
Total assets from continuing operations		4,403			63,428		2,626			70,457

Year ended December 31, 2016:
Revenue	$	-		$	252,878	$	2,698		$	255,576
Depreciation and amortization		10			846		37			893
Income (loss) from continuing operations		(6,052	)		10,654		(2,260	)		2,342
Total assets from continuing operations		431			45,092		780			46,303

Year ended December 31, 2015:
Revenue	$	-		$	185,519	$	1,503		$	187,022
Depreciation and amortization		1			655		57			713
Income (loss) from continuing operations		(3,182	)		1,597		(3,117	)		(4,702	)
Total assets from continuing operations		440			41,056		853			42,349

Revenue by country is summarized as follows:

	Year Ended December 31,
	2017		2016		2015

Germany	$	125,896	$	108,692	$	61,765
The Netherlands		103,862		87,348		72,231
United States		52,234		47,733		41,817
Other		15,690		11,803		11,209
Total	$	297,682	$	255,576	$	187,022

Property and equipment, net of accumulated depreciation and amortization, by country is summarized as follows:

	December 31,
	2017		2016

Germany	$	333	$	359
The Netherlands		1,668		729
United States		742		487
Other		462		183
Total	$	3,205	$	1,758