Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.22.2.2
Business Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2022 and 2021:
2022
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
         
Net revenues - external $ 17,375 $ 9,904 $ — $ 27,279
Net revenues - internal — 1,610 (1,610) —
Total net revenues 17,375 11,514 (1,610) 27,279
Gross profit 11,400 4,819 — 16,219
Selling, general and administrative expenses 15,276 15,276
Interest expense (385) (385)
Other expense (11) (11)
Provision for income taxes (104) (104)
Net income $ 443
Total assets $ 61,735 $ 35,246 $ 2,000 $ 98,981
Purchases of medical equipment $ 2,088 $ 1,695 $ — $ 3,783
Depreciation and amortization of intangible assets $ 2,425 $ 1,015 $ — $ 3,440
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
The financial information summarized below is presented by reportable segment for the nine months ended September 30, 2022 and 2021:
2022
(in thousands) ITS DME Services
Corporate/
Eliminations
Total
 
Net revenues - external $ 51,260 $ 29,824 $ — $ 81,084
Net revenues - internal — 4,860 (4,860) —
Total net revenues 51,260 34,684 (4,860) 81,084
Gross profit 32,251 14,236 — 46,487
Selling, general and administrative expenses 45,862 45,862
Interest expense (976) (976)
Other expense (69) (69)
Benefit from income taxes 331 331
Net loss $ (89)
Total assets $ 61,735 $ 35,246 $ 2,000 $ 98,981
Purchases of medical equipment $ 6,924 $ 3,528 $ — $ 10,452
Depreciation and amortization of intangible assets $ 7,194 $ 3,062 $ — $ 10,256
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