v3.22.4
Segment and Geographic Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Geographic Information

  Note 5. Segment and Geographic Information

 

The Company has one operating segment, Architectural Glass and Windows, which is also its reporting segment, comprising the design, manufacturing, distribution, marketing and installation of high-specification architectural glass and windows products sold to the construction industry.

 

In reviewing the Company’s segmentation, the Company followed guidance under ASC 280-10-50-1 which states that “an operating segment is a component of a public entity that has all of the following characteristics: (i) it engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same public entity), (ii) its operating results are regularly reviewed by the public entity’s Chief Operating Decision Maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and (iii) its discrete financial information is available. Based on the Company’s review discussed below, the Company believes that its identification of a single operating and reportable segment–- Architectural Glass and Windows–- is consistent with the objectives and basic principles of Segment Reporting, which are to “help financial statement readers better understand the public entity’s performance, better assess its prospects for future net cash flows and make more informed judgments about the public entity as a whole.”

 

The following tables present geographical information about external customers. Geographical information is based on the location where there the customer is located.

 

   2022   2021   2020 
   Twelve months ended December 31, 
   2022   2021   2020 
Colombia  $16,000   $26,375   $24,178 
United States   688,358    456,327    340,437 
Panama   2,738    4,531    2,713 
Other   9,474    9,553    9,279 
Total revenues  $716,570   $496,785   $376,607 

 

 

The following table presents revenues from external customer by product groups.

 

   2022   2021   2020 
   Years ended December 31, 
   2022   2021   2020 
Glass and framing components  $71,479   $76,106   $73,443 
Windows and architectural systems   645,091    420,679    303,164 
Total revenues  $716,570   $496,785   $376,607 

 

During the year ended December 31, 2022, 2021, and 2020, no single customer accounted for more than 10% of our revenues.

 

The Company’s long-lived assets are distributed geographically as follows:

 

   2022   2021 
   Year ended December 31, 
   2022   2021 
Colombia  $195,054   $161,270 
Panamá   37    60 
United States   106,525    103,362 
Total long lived assets  $301,616   $264,692