Segment Reporting and Concentrations (Tables)

6 Months Ended

Jun. 30, 2025

Summary financial information for the segments is set forth below:

	(in thousands)
	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Revenues from external customers
IT	$	10,684		$	10,591		$	20,999		$	20,743
Professional sales service		8,744			9,110			17,449			17,237
Equipment		529			525			970			983
Total revenues	$	19,957		$	20,226		$	39,418		$	38,963

Gross Profit
IT	$	4,325		$	4,582		$	8,463		$	8,775
Professional sales service		7,085			7,173			13,980			13,552
Equipment		387			396			712			741
Total gross profit	$	11,797		$	12,151		$	23,155		$	23,068

Significant segment expenses
Selling, general & administrative
IT	$	4,915		$	4,737		$	9,851		$	9,333
Professional sales service		6,449			5,514			12,996			11,901
Equipment		383			500			777			965
Corporate		304			90			825			708
Total selling, general and administrative	$	12,051		$	10,841		$	24,449		$	22,907

Other segment items
IT	$	-		$	17		$	-		$	35
Equipment		167			188			345			361
Corporate		-			109			-			238
Total other segment items	$	167		$	314		$	345		$	634

Operating (loss) income
IT	$	(590	)	$	(173	)	$	(1,388	)	$	(593	)
Professional sales service		636			1,658			984			1,651
Equipment		(163	)		(291	)		(410	)		(585	)
Corporate		(304	)		(198	)		(825	)		(946	)
Total operating (loss) income	$	(421	)	$	996		$	(1,639	)	$	(473	)

Depreciation and amortization
IT	$	135		$	167		$	262		$	322
Professional sales service		38			25			73			47
Equipment		19			34			17			42
Corporate		-			-			-			-
Total depreciation and amortization	$	192		$	226		$	352		$	411

Capital expenditures
IT	$	374		$	203		$	499		$	450
Professional sales service		-			108			73			110
Equipment		127			3			292			227
Corporate		3			-			3			-
Total capital expenditures	$	504		$	314		$	867		$	787

VASO Corp 10-Q