16. Segment Information: FASB ASC Topic 280, Segment Reporting, requires that public companies report profits and losses and certain other information on their reportable operating segments in their annual and interim financial statements. The internal organization used by the public companys Chief Operating Decision Maker (CODM) to assess performance and allocate resources determines the basis for reportable operating segments. The Companys CODM is the Chief Executive Officer. The Company is organized into two reportable operating segments. The Climb Channel Solutions segment (formerly Lifeboat Distribution) distributes technical software and hardware to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide. The TechXtend segment is a value-added reseller of software, hardware and services for corporations, government organizations and academic institutions in the United States and Canada. As permitted by FASB ASC Topic 280, the Company has utilized the aggregation criteria in combining its operations in Canada with the domestic segments as the Canadian operations provide the same products and services to similar clients and are considered together when the Companys CODM decides how to allocate resources. Segment income is based on segment revenue less the respective segments cost of revenues as well as segment direct costs (including such items as payroll costs and payroll related costs, such as profit sharing, incentive awards and insurance) and excluding general and administrative expenses not attributed to an individual segment business unit. The Company only identifies accounts receivable, vendor prepayments and inventory by segment as shown below as Selected Assets by segment; it does not allocate its other assets, including capital expenditures by segment. The following segment reporting information of the Company is provided: (Unaudited) (Unaudited) Nine months ended September 30, Three months ended September 30, 2020 2019 2020 2019 Revenue: Climb Channel Solutions $ 168,537 $ 136,189 $ 57,059 $ 48,815 TechXtend 11,587 11,708 3,860 3,548 180,124 147,897 60,919 52,363 Gross Profit: Climb Channel Solutions $ 20,390 $ 19,708 $ 6,585 $ 6,386 TechXtend 2,125 2,400 652 669 22,515 22,108 7,237 7,055 Direct Costs: Climb Channel Solutions $ 8,387 $ 7,520 $ 2,993 $ 2,481 TechXtend 992 1,124 275 316 9,379 8,644 3,268 2,797 Segment Income Before Taxes: (1) Climb Channel Solutions $ 12,003 $ 12,188 $ 3,592 $ 3,905 TechXtend 1,133 1,276 377 353 Segment Income Before Taxes 13,136 13,464 3,969 4,258 General and administrative $ 7,890 $ 7,531 $ 2,889 $ 2,290 Legal and financial advisory expenses, net - unsolicited bid and related matters 1,752  (81)  Acquisition related costs 982  344  Interest, net 105 416 19 118 Foreign currency transaction gain 211 39 (67) (52) Income before taxes $ 2,828 $ 6,388 $ 769 $ 2,034 (1) Excludes general corporate expenses including interest and foreign currency translation expenses. (Unaudited) As of As of September 30, December 31, Selected Assets by Segment: 2020 2019 Climb Channel Solutions $ 86,593 $ 99,602 TechXtend 2,962 5,603 Segment Select Assets 89,555 105,205 Corporate Assets 46,653 21,076 Total Assets $ 136,208 $ 126,281 Nine months ended Three months ended (Unaudited) (Unaudited) Disaggregation of Revenue: September 30, September 30, September 30, September 30, 2020 2019 2020 2019 Climb Channel Solutions Hardware, software and other products $ 155,039 $ 122,967 $ 52,706 $ 44,308 Software - security &amp; highly interdependent with support 5,775 5,162 2,042 1,670 Maintenance, support &amp; other services 7,723 8,060 2,311 2,837 Net Sales $ 168,537 $ 136,189 $ 57,059 $ 48,815 TechXtend Hardware, software and other products $ 10,912 $ 10,515 $ 3,664 $ 3,200 Software - security &amp; highly interdependent with support 64 255 17 128 Maintenance, support &amp; other services 611 938 179 220 Net Sales $ 11,587 $ 11,708 $ 3,860 $ 3,548