12. SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting Tables

Operating segments

  Financial information about the Company's operating segments for the three and six months ended June 30, 2012 and 2011 are as follows:

	Three Months Ended June 30,
		2012			2011
Air Industries Machining
	Net Sales	$	11,585,000		$	10,645,000
	Gross Profit		2,193,000			1,878,000
	Pre Tax Income		1,098,000			946,000
	Assets		27,159,000			28,099,000
Nassau Tool Works
	Net Sales		513,000			-
	Gross Profit		199,000			-
	Pre Tax Income		154,000			-
	Assets		13,366,000			-
Welding Metallurgy
	Net Sales		3,142,000			2,478,000
	Gross Profit		1,044,000			694,000
	Pre Tax Income		266,000			205,000
	Assets		8,746,000			7,365,000
Corporate
	Net Sales		-			-
	Gross Profit		-			-
	Pre Tax Loss		(836,000	)		(635,000	)
	Assets		16,860,000			9,856,000
Consolidated
	Net Sales		15,240,000			13,123,000
	Gross Profit		3,436,000			2,572,000
	Pre Tax Income		682,000			516,000
	Provision for Taxes		363,000			25,000
	Net Income		319,000			491,000
	Elimination of Assets		(13,860,000	)		(9,922,000	)
	Assets		52,271,000			35,398,000

	Six Months Ended June 30,
		2012			2011
Air Industries Machining
	Net Sales	$	23,728,000		$	20,738,000
	Gross Profit		4,439,000			3,635,000
	Pre Tax Income		2,294,000			1,698,000
	Assets		27,159,000			28,099,000
Nassau Tool Works
	Net Sales		513,000			-
	Gross Profit		199,000			-
	Pre Tax Income		154,000			-
	Assets		13,366,000			-
Welding Metallurgy
	Net Sales		7,037,000			4,985,000
	Gross Profit		2,069,000			1,396,000
	Pre Tax Income		854,000			592,000
	Assets		8,746,000			7,365,000
Corporate
	Net Sales		-			-
	Gross Profit		-			-
	Pre Tax Loss		(1,515,000	)		(1,405,000	)
	Assets		16,860,000			9,856,000
Consolidated
	Net Sales		31,278,000			25,723,000
	Gross Profit		6,707,000			5,031,000
	Pre Tax Income		1,787,000			885,000
	Provision for Taxes		648,000			25,000
	Net Income		1,139,000			860,000
	Elimination of Assets		(13,860,000	)		(9,922,000	)
	Assets		52,271,000			35,398,000