Segments Of Operations
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENTS OF OPERATIONS

NOTE 11 – SEGMENTS OF OPERATIONS

 

The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable operating segments. The Company manages its business primarily on a product basis. The accounting policies of the various segments are the same as those described in Note 2, “Summary of Significant Accounting Policies.” The Company evaluates the performance of its reportable operating segments based on net sales and gross profit.

 

Revenue by product for 2021 and 2020 are as follows:

 

   December 31,
2021		   December 31,
2020		 
   (dollars in thousands) 
Telecommunications  $525   $439 
General Purpose Reloadable Cards   68    119 
Total revenue  $593   $558 

 

Gross profit (loss) by product for 2021 and 2020 are as follows (in millions):

 

   December 31,
2021		   December 31,
2020		 
   (dollars in thousands) 
Telecommunications  $212   $(20)
General Purpose Reloadable Cards   (88)   (119)
Total revenue  $124   $(139)

 

Long lived assets by product for 2021 and 2020 are as follows:

 

   December 31,
2021		   December 31,
2020		 
   (dollars in thousands) 
Telecommunications  $
-
   $
-
 
General Purpose Reloadable Cards   5,400    7,200 
Total revenue  $5,400   $7,200