Segment Information

3 Months Ended

Dec. 31, 2019

15. Segment Information

The following tables present certain operating segment information for the three months ended December 31, 2019 and December 31, 2018.


			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
For the three months ended December 31,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2019
Sales:
Product	$	767	$	553	$	11,902	$	12,455	$	13,222
Service		274		126		2,950		3,076		3,350
Total sales	$	1,041	$	679	$	14,852	$	15,531	$	16,572
Income (loss) from operations	$	(1,263)	$	3	$	858	$	861	$	(402)
Total assets	$	10,496	$	10,847	$	34,905	$	45,752	$	56,248
Capital expenditures		34		—		173		173		207
Depreciation and amortization		58		3		64		67		125

2018
Sales:
Product	$	1,733	$	1,732	$	12,246	$	13,978	$	15,711
Service		293		70		2,906		2,976		3,269
Total sales	$	2,026	$	1,802	$	15,152	$	16,954	$	18,980
Income (loss) from operations	$	(827)	$	26	$	816	$	842	$	15
Total assets	$	14,059	$	13,110	$	27,426	$	40,536	$	54,595
Capital expenditures		203		—		30		30		233
Depreciation and amortization		53		2		51		53		106

Income (loss) from operations consists of sales less cost of sales, engineering and development expenses, and selling, general and administrative expenses but is not affected by either other income/expense or by income taxes expense (benefit). Non-operating expenses/income consists principally of investment income, interest income from transactions with payment terms exceeding one year (see note 6 for details), and interest expense. All intercompany transactions have been eliminated.

The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the three months ended December 31, 2019 and 2018.


	For the three months ended December 31,
	2019				2018

	Customer		% of Total		Customer		% of Total
	Revenues		Revenues		Revenues		Revenues

Customer A	$	2.6	16	%	$	1.3	7	%
Customer B	$	1.8	11	%	$	1.0	5	%

Accounts receivable and long term receivable combined from Customer B totaled approximately $5.6 million, or 32% and approximately $7.4 million, or 36% of total consolidated accounts receivable and long term receivable as of December 31, 2019 and September 30, 2019. There were no other customers that were 10% or more of total consolidated accounts receivable and long term receivable as of December 31, 2019. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of December 31, 2019.