Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.22.2
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022 and 2021:
2022
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
         
Net revenues - external $ 17,244 $ 9,798 $ — $ 27,042
Net revenues - internal — 1,762 (1,762) —
Total net revenues 17,244 11,560 (1,762) 27,042
Gross profit 10,113 4,788 — 14,901
Selling, general and administrative expenses 14,694 14,694
Interest expense (314) (314)
Other expense (30) (30)
Provision for income taxes (27) (27)
Net loss $ (164)
Total assets $ 62,310 $ 34,507 $ 2,000 $ 98,817
Purchases of medical equipment $ 3,325 $ 413 $ — $ 3,738
Depreciation and amortization of intangible assets $ 2,371 $ 1,029 $ — $ 3,400
2021
(in thousands) ITS DME Services
Corporate/Eliminations
Total
 
Net revenues - external $ 16,334 $ 8,500 $ — $ 24,834
Net revenues - internal — 1,598 (1,598) —
Total net revenues 16,334 10,098 (1,598) 24,834
Gross profit 10,451 4,599 — 15,050
Selling, general and administrative expenses 14,354 14,354
Interest expense (317) (317)
Other expense (37) (37)
Benefit from income taxes 478 478
Net income $ 820
Total assets $ 60,876 $ 33,121 $ 2,000 $ 95,997
Purchases of medical equipment $ 1,871 $ 736 $ — $ 2,607
Depreciation and amortization of intangible assets $ 2,732 $ 927 $ — $ 3,659
The financial information summarized below is presented by reportable segment for the six months ended June 30, 2022 and 2021:
2022
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
 
Net revenues - external $ 33,885 $ 19,920 $ — $ 53,805
Net revenues - internal — 3,250 (3,250) —
Total net revenues 33,885 23,170 (3,250) 53,805
Gross profit 20,851 9,417 — 30,268
Selling, general and administrative expenses 30,586 30,586
Interest expense (591) (591)
Other expense (58) (58)
Benefit from income taxes 435 435
Net loss $ (532)
Total assets $ 62,310 $ 34,507 $ 2,000 $ 98,817
Purchases of medical equipment $ 4,836 $ 1,833 $ — $ 6,669
Depreciation and amortization of intangible assets $ 4,769 $ 2,047 $ — $ 6,816
2021
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
Net revenues - external $ 32,245 $ 17,052 $ — $ 49,297
Net revenues - internal — 3,044 (3,044) —
Total net revenues 32,245 20,096 (3,044) 49,297
Gross profit 20,454 9,172 — 29,626
Selling, general and administrative expenses 28,057 28,057
Interest expense (639) (639)
Other expense (106) (106)
Benefit from income taxes 657 657
Net income $ 1,481
Total assets $ 60,876 $ 33,121 $ 2,000 $ 95,997
Purchases of medical equipment $ 3,492 $ 1,451 $ — $ 4,943
Depreciation and amortization of intangible assets $ 5,428 $ 1,801 $ — $ 7,229