Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.21.2
Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The financial information summarized below is presented by reportable segment for the three months ended September 30, 2021 and 2020:
2021
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
         
Net revenues - external $ 16,581 $ 9,985 $ — $ 26,566
Net revenues - internal — 1,440 (1,440) —
Total net revenues 16,581 11,425 (1,440) 26,566
Gross profit 10,574 4,684 — 15,258
Selling, general and administrative expenses 15,609 15,609
Interest expense (270) (270)
Other expense (44) (44)
Benefit from income taxes 217 217
Net loss $ (448)
Total assets $ 59,312 $ 33,474 $ 2,000 $ 94,786
Purchases of medical equipment $ 4,058 $ 644 $ — $ 4,702
Depreciation and amortization of intangible assets $ 2,785 $ 955 $ — $ 3,740
2020
(in thousands) ITS DME Services
Corporate/Eliminations
Total
 
Net revenues - external $ 15,638 $ 9,487 $ — $ 25,125
Net revenues - internal — 1,459 (1,459) —
Total net revenues 15,638 10,946 (1,459) 25,125
Gross profit 10,095 5,027 — 15,122
Selling, general and administrative expenses 11,869 11,869
Interest expense (283) (283)
Other income 8 8
Provision for income taxes (38) (38)
Net income $ 2,940
Total assets $ 51,547 $ 26,761 $ 2,000 $ 80,308
Purchases of medical equipment $ 1,685 $ 1,487 $ — $ 3,172
Depreciation and amortization of intangible assets $ 2,694 $ 866 $ — $ 3,560
The financial information summarized below is presented by reportable segment for the nine months ended September 30, 2021 and 2020:
2021
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
 
Net revenues - external $ 48,826 $ 27,037 $ — $ 75,863
Net revenues - internal — 4,484 (4,484) —
Total net revenues 48,826 31,521 (4,484) 75,863
Gross profit 31,028 13,856 — 44,884
Selling, general and administrative expenses 43,666 43,666
Interest expense (909) (909)
Other expense (150) (150)
Benefit from income taxes 874 874
Net income $ 1,033
Total assets $ 59,312 $ 33,474 $ 2,000 $ 94,786
Purchases of medical equipment $ 7,550 $ 2,095 $ — $ 9,645
Depreciation and amortization of intangible assets $ 8,213 $ 2,756 $ — $ 10,969
2020
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
Net revenues - external $ 45,369 $ 27,308 $ — $ 72,677
Net revenues - internal — 3,955 (3,955) —
Total net revenues 45,369 31,263 (3,955) 72,677
Gross profit 29,480 14,283 — 43,763
Selling, general and administrative expenses 35,971 35,971
Interest expense (1,018) (1,018)
Other expense (20) (20)
Provision for income taxes (92) (92)
Net income $ 6,662
Total assets $ 51,547 $ 26,761 $ 2,000 $ 80,308
Purchases of medical equipment $ 6,705 $ 5,250 $ — $ 11,955
Depreciation and amortization of intangible assets $ 8,042 $ 2,450 $ — $ 10,492