v3.26.1
Note 9 - Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

Three Months Ended March 31, 2026

 
  

2026

  

2025

  

% Change

 

Revenue

            

Digital Assets

 $86  $—   100%

Managed Services

  422   508   (17)%

Collaboration Products

  199   114   75%

Consolidated

  707   622   14%
             

Cost of revenues

            

Digital Assets

  6   —   100%

Managed Services

  223   371   (40)%

Collaboration Products

  8   2   300%

Consolidated

  237   373   (36)%
             

Gross Margin

            

Digital Assets

  80   —   100%

Managed Services

  199   137   45%

Collaboration Products

  191   112   71%

Consolidated

  470   249   89%
             

Operating expenses

            

Digital Assets (1)

  99   —   100%

Collaboration Products (2)

  7   (8)  (188)%

Corporate (3)

  923   948   (3)%

Consolidated

  1,029   940   9%
             

Other income (expense), net

            

Digital Assets (4)

  2,250   —   100%

Managed Services (5)

  —   (1)  (100)%

Corporate (6)

  6   27   (78)%

Consolidated

  2,256   26   8577%

Net income (loss) before taxes

  1,697   (665)  (355)%

Income tax expense

  —   7   100%

Net income (loss)

 $1,697  $(672)  (353)%
Disaggregation of Revenue [Table Text Block]
  

Three Months Ended March 31, 2026

 
  

Digital Assets

  

Managed Services

  

Collaboration Products

  

Total

 
                 

Revenue

                

Digital Assets

 $86  $—  $—  $86 

Network Services

  —   407   —   407 

Video Collaboration

  —   13   199   212 

Professional and other services

  —   2   —   2 

Total revenue

  86   422   199   707 
                 

Significant Segment Expenses

                

Labor and labor-related (1)

  —   73   7   80 

Cash digital asset transaction fees

  6   —   —   6 

Stock-based expense

  84   —   —   84 

Circuit and network cost of revenue

  —   150   —   150 

Advisory fees

  15   —   —   15 

Unrealized gain on digital asset revaluation

  (2,198)  —   —   (2,198)

Realized gain on disposal of digital assets

  (52)  —   —   (52)

Other segment items (2)

  —   —   8   8 

Segment net profit

 $2,231  $199  $184  $2,614 

Segment net profit margin %

  2594%  47%  92%   
                 

Unallocated (income) expense

                

Corporate expenses (3)

              923 

Interest income

              (6)

Income before income tax expense

             $1,697 
  

For the Three Months Ended March 31, 2025

 
  

Managed Services

  

Collaboration Products

  

Total

 
             

Revenue

            

Network Services

 $500  $-  $500 

Video Collaboration

  6   114   120 

Professional and other services

  2   —   2 

Total revenue

  508   114   622 
             

Significant Segment Expenses

            

Labor and labor-related (1)

  68   6   74 

Circuit and network cost of revenue

  303   —   303 

Bad debt recovery

  —   (18)  (18)

Other segment items (2)

  1   5   6 

Segment profit

 $136  $121  $257 

Segment profit margin %

  27%  106%   
             

Unallocated (income) expense

            

Corporate expenses (3)

          949 

Interest income

          (27)

Loss before income tax expense

         $(665)
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Table Text Block]
  

Three Months Ended March 31,

 
  

2026

  

2025

 

Domestic

 $432  $295 

Foreign

  275   327 
  $707  $622 
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
   

Three Months Ended March 31,

 
   

2026

  

2025

 
 

Segment

 

% of Revenue

  

% of Revenue

 

Customer A

Managed Services

  58%  81%

Customer B

Collaboration Products

  12%  8%

Customer C

Collaboration Products

  11%  —%
   

As of March 31,

 
   

2026

  

2025

 
 

Segment

 

% of Accounts Receivable

  

% of Accounts Receivable

 

Customer A

Managed Services

  97%  —%

Customer B

Collaboration Products

  —%  51%

Customer C

Collaboration Products

  —%  42%