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Segment Reporting
12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is reporting its financial performance based on its external reporting segments: Wireless Infrastructure Services and Telecommunications.  These reportable segments are described below.
Wireless Infrastructure Services (“Wireless”) On January 4, 2019, the Company purchased substantially all of the net assets of Fulton, which comprises the Wireless segment.  Fulton provides turn-key wireless infrastructure services for the four major U.S. wireless carriers, communication tower companies, national integrators, and original equipment manufacturers that support these wireless carriers.  These services primarily consist of the installation and upgrade of technology on cell sites and the construction of new small cells for 5G.
Telecommunications (“Telco”) The Company’s Telco segment sells new and refurbished telecommunications networking equipment, including both central office and customer premise equipment, to its customer base of telecommunications providers, enterprise customers and resellers located primarily in North America.  This segment also offers its customers repair and testing services for telecommunications networking equipment. In addition, this segment offers its customers decommissioning services for surplus and obsolete equipment, which it in turn processes through its recycling program.
The Company evaluates performance and allocates its resources based on operating income. The accounting policies of its reportable segments are the same as those described in the summary of significant accounting policies. Segment assets consist primarily of cash and cash equivalents, accounts receivable, inventory, property and equipment, goodwill and intangible assets.
(in thousands)Twelve months ended September 30,
 20202019
Sales
Wireless$21,354 $22,969 
Telco28,853 32,204 
Intersegment(25)(55)
Total sales$50,182 $55,118 
Gross profit
Wireless$6,580 $6,362 
Telco5,100 7,096 
Total gross profit$11,680 $13,458 
Operating loss
Wireless$(2,842)$(882)
Telco(11,341)134 
Corporate(4,347)$(3,228)
Total operating loss$(18,530)$(3,976)
Segment assets
Wireless$5,324 $5,516 
Telco12,478 22,619 
Non-allocated14,880 8,693 
Total assets$32,683 $36,828