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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Summary of the Company's Segment Net Sales, Gross Profit and Income Before Income Taxes

Summarized below are the Company’s segment net sales, gross profit and income before income taxes for the years ended December 31, 2023, 2022 and 2021 based on the current reporting segment structure.

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

Net Sales by Segment

 

2023

 

 

Net Sales

 

 

 

2022

 

 

Net Sales

 

 

 

2021

 

 

Net Sales

 

 

 

 

(in thousands, except percentages)

Equipment

 

$

4,594

 

 

 

29

 

%

 

$

2,284

 

 

 

16

 

%

 

$

2,323

 

 

 

15

 

%

Services

 

 

11,159

 

 

 

71

 

%

 

 

11,768

 

 

 

84

 

%

 

 

13,598

 

 

 

85

 

%

Total

 

$

15,753

 

 

 

100

 

%

 

$

14,052

 

 

 

100

 

%

 

$

15,921

 

 

 

100

 

%

 

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

Gross Profit

 

 

Gross profit (loss) by Segment

 

2023

 

 

%

 

 

 

2022

 

 

%

 

 

 

2021

 

 

%

 

 

 

 

(in thousands, except percentages)

Equipment

 

$

928

 

 

 

20

 

%

 

$

(618

)

 

 

(27

)

%

 

$

(4,358

)

 

 

(188

)

%

Services

 

 

3,462

 

 

 

31

 

%

 

 

3,285

 

 

 

28

 

%

 

 

3,283

 

 

 

24

 

%

Total

 

$

4,390

 

 

 

28

 

%

 

$

2,667

 

 

 

19

 

%

 

$

(1,075

)

 

 

(7

)

%

 

 

 

Years ended December 31,

 

Segment income (loss) and Loss before income taxes

 

2023

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Equipment

 

$

(4,666

)

 

$

(6,452

)

 

$

(12,868

)

Services

 

 

3,462

 

 

 

3,285

 

 

 

3,283

 

Total segment loss

 

 

(1,204

)

 

 

(3,167

)

 

 

(9,585

)

General and corporate

 

 

(1,373

)

 

 

228

 

 

 

7,051

 

Loss before income taxes

 

$

(2,577

)

 

$

(2,939

)

 

$

(2,534

)

Schedule of Sales Data by Geographical Area

Sales are attributed to a geographical area based upon the location of the customer. Sales data by geographical area are as follows:

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

 

2023

 

 

Sales

 

 

 

2022

 

 

Sales

 

 

 

2021

 

 

Sales

 

 

 

 

(in thousands, except percentages)

 

 

Net Sales by Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

$

2,577

 

 

 

16

 

%

 

$

1,735

 

 

 

12

 

%

 

$

1,858

 

 

 

11

 

%

India

 

 

8,268

 

 

 

53

 

%

 

 

7,152

 

 

 

51

 

%

 

 

8,221

 

 

 

52

 

%

Japan

 

 

4,908

 

 

 

31

 

%

 

 

5,165

 

 

 

37

 

%

 

 

5,842

 

 

 

37

 

%

Total

 

$

15,753

 

 

 

100

 

%

 

$

14,052

 

 

 

100

 

%

 

$

15,921

 

 

 

100

 

%

Schedule of Long-lived Assets, Consisting of Property, Plant and Equipment, by Geographical Area

Long-lived assets, consisting of property, plant and equipment, by geographical area are as follows:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

China

 

$

603

 

 

$

578

 

Other

 

 

7

 

 

 

26

 

Total long-lived assets

 

$

610

 

 

$

604