Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.21.1
Segment Reporting
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
We merchandise vaporizers and other products in the United States, Canada and Europe and we distribute to retailers through our wholesale operations and to consumers through e-commerce activities. We define our segments as those operations whose results our Chief Operating Decision Makers ("CODMs") regularly review to analyze performance and allocate resources. Therefore, segment information is prepared on the same basis that management reviews financial information for operational decision-making purposes.
The reportable segments identified are our business activities for which discrete financial information is available and for which operating results are regularly reviewed by our CODMs. As of March 31, 2021, we have three reportable segments: (1) United States, (2) Canada and (3) Europe. The United States operating segment is comprised of our United States operations, the Canadian operating segment is comprised of our Canadian operations, and the European operating segment is comprised of our European operations, currently based in the Netherlands. Corporate and other activities which are not allocated to our reportable segments consist primarily of equity-based compensation expenses and other corporate overhead items. We sell similar products and services in each of our segments.
The table below provides information on revenues from external customers, intersegment revenues, and income (loss) before income taxes for our reportable segments for the three months ended March 31, 2021 and 2020. We eliminate intersegment revenues in consolidation.
Three Months Ended March 31,
(in thousands) 2021 2020
Revenue from external customers:
United States $ 28,667  $ 27,130 
Canada 2,561  4,405 
Europe 2,781  2,333 
Corporate and other —  — 
$ 34,009  $ 33,868 
Intercompany revenues:
United States $ 3,481  $ 2,244 
Canada 13  14 
Europe 831  384 
Corporate and other —  — 
$ 4,325  $ 2,642 
Income (loss) before income taxes:
United States $ (4,466) $ (14,307)
Canada —  275 
Europe (1,004) (461)
Corporate and other (2,262) (2,327)
$ (7,732) $ (16,820)