Segment Reporting |
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Segment Reporting | 15. Segment Reporting
Our chief operating decision maker (our Chief Executive Officer) reviews our financial information presented on an operating segment basis for purposes of allocating resources and evaluating our financial performance. Following the merger with NetSapiens, Inc., the Company reorganized into two operating segments, a software solutions operating segment and a cloud telecommunications services operating segment. The cloud telecommunications services segment generates revenue from selling cloud telecommunication services, products, and other internet services. The software solutions segment generates revenue from selling perpetual software licenses and software subscriptions, subscription maintenance and support, and professional services. The Company has two reportable operating segments, which consist of cloud telecommunications services and software solutions. Segment revenue, income/(loss) from operations, other income/(expense) and income/(loss) before income tax provision are as follows (in thousands):
Depreciation and amortization for the cloud telecommunications services segment was $115,000 and $60,000 for the three months ended September 30, 2022 and 2021, respectively and $344,000 and $152,000 for the nine months ended September 30, 2022 and 2021, respectively. Depreciation and amortization for the software solutions segment was $509,000 and $6,000 for the three months ended September 30, 2022 and 2021, respectively and $1,518,000 and $7,000 for the nine months ended September 30, 2022 and 2021, respectively.
Interest income for the cloud telecommunications services segment was $0 and $0 for the three months ended September 30, 2022 and 2021, respectively and $0 and $1,000 for the nine months ended September 30 2022 and 2021, respectively. Interest income for the software solutions segment was $0 for the three and nine months ended September 30, 2022 and 2021, respectively.
Interest expense for the cloud telecommunications services segment was $19,000 and $24,000 for the three months ended September 30, 2022 and 2021, respectively and $57,000 and $64,000 for the nine months ended September 30, 2022 and 2021, respectively. Interest expense for the software solutions segment was $0 for the three and nine months ended September 30, 2022 and 2021, respectively. |