v3.25.2
Note 8 - Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
  

Three Months Ended June 30, 2025

 
  

2025

  

2024

  

% Change

 

Revenue

            

Managed Services

 $497  $508   (2)%

Collaboration Products

  93   103   (10)%

Corporate - Digital assets

  2      100%

Consolidated

  592   611   (3)%
             

Cost of revenues

            

Managed Services

  360   331   9%

Collaboration Products

  4   160   (98)%

Corporate - Digital assets

        %

Consolidated

  364   491   (26)%
             

Gross Margin

            

Managed Services

  137   177   (23)%

Collaboration Products

  89   (57)  256%

Corporate - Digital assets

  2      100%

Consolidated

  228   120   (90)%
             

Operating expenses

            

Managed Services (1)

        %

Collaboration Products (2)

  8   122   (93)%

Corporate (3)

  903   1,016   (11)%

Consolidated

  911   1,138   (20)%
             

Other income (expense), net (4)

            

Managed Services

        %

Collaboration Products

        %

Unrealized gain on digital assets

  31      100%

Interest income, net

  47   44   7%

Consolidated

  78   44   77%

Net loss before taxes

  (605)  (974)  (38)%

Income tax expense

     9   100%

Net loss

 $(605) $(983)  (38)%
             
  

Six Months Ended June 30, 2025

 
  

2025

  

2024

  

% Change

 

Revenue

            

Managed Services

 $1,005  $1,030   (2)%

Collaboration Products

  207   207   %

Corporate - Digital assets

  2   -   100%

Consolidated

  1,214   1,237   (2)%
             

Cost of revenues

            

Managed Services

  731   700   4%

Collaboration Products

  6   420   (99)%

Corporate - Digital assets

  -   -   %

Consolidated

  737   1,120   (34)%
             

Gross Margin

            

Managed Services

  274   330   (17)%

Collaboration Products

  201   (213)  194%

Corporate - Digital assets

  2   -   100%

Consolidated

  477   117   (308)%
             

Operating expenses

            

Managed Services (1)

        %

Collaboration Products (2)

     226   (100)%

Corporate (3)

  1,851   2,093   (12)%

Consolidated

  1,851   2,319   (20)%
             

Other income (expense), net (4)

            

Managed Services

  (1)     (100)%

Collaboration Products

     14   100%

Unrealized gains on digital assets

  31      100%

Interest income, net

  74   78   (5)%

Consolidated

  104   92   13%

Net loss before taxes

  (1,270)  (2,110)  (40)%

Income tax expense

  7   9   100%

Net loss

 $(1,277) $(2,119)  (40)%
Disaggregation of Revenue [Table Text Block]
  

Three Months Ended June 30, 2025

 
  

Managed Services

  

Collaboration Products

  

Total

 
             

Revenue

            

Network Services

 $481  $-  $481 

Video Collaboration

  11   93   104 

Professional and other services

  5      5 

Total revenue

  497   93   590 
             

Significant Segment Expenses

            

Labor and labor-related (1)

  65   6   71 

Circuit and network cost of revenue

  295      295 

Other segment items (2)

     6   6 

Segment profit

 $137  $81  $218 

Segment profit margin %

  28%  87%   
             

Unallocated expenses (income)

            

Digital asset revenue, net

         $(2)

Corporate expenses (3)

          903 

Unrealized gain on digital assets

          (31)

Interest income

          (47)

Loss before income tax expense

         $(605)
  

Three Months Ended June 30, 2024

 
  

Managed Services

  

Collaboration Products

  

Total

 
             

Revenue

            

Network Services

 $483  $-  $483 

Video Collaboration

  21   103   124 

Professional and other services

  4      4 

Total revenue

  508   103   611 
             

Significant Segment Expenses

            

Labor and labor-related (1)

  30   168   198 

Inventory and inventory-related

     40   40 

Circuit and network cost of revenue

  298      298 

Professional services

     62   62 

Other segment items (2)

  4   11   15 

Segment profit (loss)

 $176  $(178) $(2)

Segment profit margin %

  35%  (173)%   
             

Unallocated expenses (income) (3)

            

Corporate expenses

         $985 

Stock compensation

          31 

Interest income

          (44)

Loss before income tax expense

         $(974)
  

Six Months Ended June 30, 2025

 
  

Managed Services

  

Collaboration Products

  

Total

 
             

Revenue

            

Network Services

 $980  $-  $980 

Video Collaboration

  18   207   225 

Professional and other services

  7      7 

Total revenue

  1,005   207   1,212 
             

Significant Segment Expenses

            

Labor and labor-related (1)

  133   12   145 

Circuit and network cost of revenue

  598      598 

Bad debt expense (recovery)

     (18)  (18)

Other segment items (2)

  1   12   13 

Segment profit

 $273  $201  $474 

Segment profit margin %

  27%  97%   
             

Unallocated expenses (income)

            

Digital asset revenue, net

         $(2)

Corporate expenses (3)

          1,851 

Unrealized gain on digital assets

          (31)

Interest income

          (74)

Loss before income tax expense

         $(1,270)
  

For the Six Months Ended June 30, 2024

 
  

Managed Services

  

Collaboration Products

  

Total

 
             

Revenue

            

Network Services

 $987  $-  $987 

Video Collaboration

  35   207   242 

Professional and other services

  8      8 

Total revenue

  1,030   207   1,237 
             

Significant Segment Expenses

            

Labor and labor-related (1)

  62   338   400 

Property and office expense

     30   30 

Inventory and inventory-related

     149   149 

Circuit and network cost of revenue

  636      636 

Other non-inventory cost of revenue

  3      3 

Professional Services

     109   109 

Other segment items (2)

     7   7 

Segment profit (loss)

 $329  $(426) $(97)

Segment profit margin %

  32%  (206)%   
             

Unallocated expenses (income) (3)

            

Corporate expenses

         $2,030 

Stock compensation

          62 

Interest income

          (79)

Loss before income tax expense

         $(2,110)
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
  

Three Months Ended June 30,

 
  

2025

  

2024

 

Domestic

 $278  $209 

Foreign

  314   402 
  $592  $611 
  

Six Months Ended June 30,

 
  

2025

  

2024

 

Domestic

 $573  $470 

Foreign

  641   767 
  $1,214  $1,237 
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
   

Three Months Ended June 30,

 
   

2025

  

2024

 
 

Segment

 

% of Revenue

  

% of Revenue

 

Customer A

Managed Services

  82%  81%
   

Six Months Ended June 30,

 
   

2025

  

2024

 
 

Segment

 

% of Revenue

  

% of Revenue

 

Customer A

Managed Services

  83%  81%
        
   

As of June 30,

 
   

2025

  

2024

 
 

Segment

 

% of Accounts Receivable

  

% of Accounts Receivable

 

Customer A

Managed Services

  12%  %

Customer B

Collaboration Products

  20%  %

Customer C

Collaboration Products

  42%  %

Customer D

Managed Services

  25%  12%

Customer E

Collaboration Products

  %  40%

Customer F

Collaboration Products

  %  12%