Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information

Certain information concerning the Company’s segments for the years ended December 31, 2020 and 2019 is presented in the following tables (in thousands):


	For the Year Ended December 31, 2020
	Oblong (formerly Glowpoint)			Oblong Industries			Corporate			Total
Revenue	$	6,227		$	9,106		$	—		$	15,333
Cost of revenues	3,789			3,491			—			7,280
Gross profit	$	2,438		$	5,615		$	—		$	8,053
Gross profit %	39.2		%	61.7		%	—		%	52.5		%

Allocated operating expenses	$	1,479		$	9,913		$	—		$	11,392
Unallocated operating expenses	—			—			6,725			6,725
Total operating expenses	$	1,479		$	9,913		$	6,725		$	18,117

Income (loss) from operations	$	959		$	(4,298)		$	(6,725)		$	(10,064)
Interest and other income (expense), net	(19)			2,765			—			2,746
Income (loss) before income taxes.	$	940		$	(1,533)		$	(6,725)		$	(7,318)
Income tax expense	$	50		$	53		$	—		$	103
Net income (loss)	$	890		$	(1,586)		$	(6,725)		$	(7,421)

	As of December 31, 2020
Total assets	$	6,494		$	22,649		$	—		$	29,143


	For the Year Ended December 31, 2019
	Oblong (formerly Glowpoint)			Oblong Industries			Corporate			Total
Revenue	$	9,660		$	3,167		$	—		$	12,827
Cost of revenues	6,269			1,158			—			7,427
Gross profit	$	3,391		$	2,009		$	—		$	5,400
Gross profit %	35.1		%	63.4		%	—		%	42.1		%

Allocated operating expenses	$	6,835		$	5,183		$	—		$	12,018
Unallocated operating expenses	—			—			956			956
Total operating expenses	$	6,835		$	5,183		$	956		$	12,974

Loss from operations	$	(3,444)		$	(3,173)		$	(956)		$	(7,574)
Interest and other expense, net	—			—			(187)			(187)
Loss before income taxes	$	(3,444)		$	(3,173)		$	(1,143)		$	(7,761)
Income tax expense	$	—		$	—		$	—		$	—
Net loss	$	(3,444)		$	(3,173)		$	(1,143)		$	(7,761)

	As of December 31, 2019
Total assets	$	5,942		$	28,967		$	—		$	34,909

Concentration of revenues was as follows:


		Year Ended December 31,
		2020		2019
	Segment	% of Revenue		% of Revenue
Customer A	Oblong	17.0	%	17.8	%
Customer B	Oblong Industries	17.0	%	*
Customer C	Oblong	—	%	19.8	%

Concentration of accounts receivable was as follows:


		As of December 31,
		2020		2019
	Segment	% of Accounts Receivable		% of Accounts Receivable
Customer A	Oblong	14.1	%	*
Customer B	Oblong Industries	20.1	%	*
Customer C	Oblong Industries	12.0	%	16.0	%
Customer D	Oblong Industries	—	%	18.0	%
Customer E	Oblong	*		11.5	%

* The amount did not exceed 10% of the Company’s consolidated total revenue or accounts receivable.

Revenue from External Customers by Geographic Areas

Revenue by geographic area is allocated as follows (in thousands):


	Year Ended December 31,
	2020		2019
Domestic	$	10,288	$	9,096
Foreign	$	5,045	$	3,731
	$	15,333	$	12,827

Schedule of Disaggregated Revenue Information

Disaggregated information for the Company’s revenue has been recognized in the accompanying consolidated statements of operations and is presented below according to contract type (dollars in thousands):


	Year ended December 31,
	2020		% of Revenue		2019		% of Revenue
Revenue: Oblong (formerly Glowpoint)
Video collaboration services	$	2,413	15.7	%	$	5,566	43.4	%
Network services	3,611		23.6	%	3,860		30.1	%
Professional and other services	203		1.3	%	234		1.8	%
Total Oblong revenue	$	6,227	40.6	%	$	9,660	75.3	%

Revenue: Oblong Industries
Visual collaboration product offerings	$	6,873	44.8	%	$	2,180	17.0	%
Professional services	1,033		6.7	%	709		5.5	%
Licensing	1,200		7.8	%	278		2.2	%
Total Oblong Industries revenue	$	9,106	59.4	%	$	3,167	24.7	%
Total revenue	$	15,333	100.0	%	$	12,827	100.0	%