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Segments | 19. Segments
Our chief operating decision maker (who is 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 was $712,000 and $438,000 for the Cloud telecommunications services segment for the years ended December 31, 2022 and 2021, respectively. Depreciation and amortization was $2,035,000 and $1,189,000 for the Software solutions segment for the years ended December 31, 2022 and 2021, respectively.
Interest income was $0 and $1,000 for the cloud telecommunications services segment for the years ended December 31, 2022 and 2021, respectively. Interest income was $0 and $0 for the software solutions segment for the years ended December 31, 2022 and 2021, respectively.
Interest expense was $77,000 and $84,000 for the cloud telecommunications services segment for the years ended December 31, 2022 and 2021, respectively. Interest expense was $1,000 and $0 for the software solutions segment for the years ended December 31, 2022 and 2021, respectively. |