Note 16 - Industry Segments

12 Months Ended

Dec. 31, 2011

Segment Reporting Disclosure [Text Block]

16.   INDUSTRY SEGMENTS

Our consolidated subsidiaries are involved in two industry segments: Information Technology Products and Services and Industrial Products. Operations in Information Technology Products and Services involve development and sales of software licenses and related professional services and software maintenance contracts by our CoreCard Software subsidiary. Operations in the Industrial Product segment include the manufacture and sale of bio-remediating parts washers and related consumable supplies by our ChemFree subsidiary. Total revenue by industry segment includes sales to unaffiliated customers. Sales between our industry segments are not material. Operating income (loss) is total revenue less operating expenses. None of the corporate overhead expense is allocated to the individual industry segments. Identifiable assets by industry segment are those assets that are used in our subsidiaries in each industry segment. Corporate assets are principally cash, marketable securities, investments and a note receivable.

The following table contains segment information for the years ended December 31, 2011 and 2010:

Year ended December 31, (in thousands)	2011			2010
Information Technology
Revenue	$	4,338		$	3,086
Operating loss		(918	)		(1,289	)
Depreciation and amortization		95			103
Capital expenditures		101			205
Identifiable assets		1,791			2,618
Industrial Products
Revenue		11,986		$	12,357
Operating income		2,252			2,516
Depreciation and amortization		325			387
Capital expenditures		362			122
Identifiable assets		6,654			6,016
Consolidated Segments
Revenue	$	16,324		$	15,443
Operating income		1,334			1,227
Depreciation and amortization		420			490
Capital expenditures		463			327
Identifiable assets		8,445			8,634

A reconciliation of consolidated segment data above to consolidated data follows:

Year ended December 31, (in thousands)	2011			2010
Consolidated segments operating income	$	1,334		$	1,227
Corporate expenses		(1,023	)		(1,001	)
Consolidated income from continuing operations		311		$	226
Depreciation and amortization
Consolidated segments	$	420		$	490
Corporate		15			12
Consolidated	$	435		$	502
Capital expenditures
Consolidated segments	$	463		$	327
Corporate		1			22
Consolidated	$	464		$	349

As of December 31, (in thousands)	20111		20100
Assets
Consolidated segments identifiable assets	$	8,445	$	8,634
Corporate		1,660		1,457
Consolidated	$	10,105	$	10,091