Segment Information

3 Months Ended

Dec. 31, 2020

14. Segment Information

The following tables present certain operating segment information for three months ended December 31, 2020 and 2019.


			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
For the three months ended December 31,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2020
Sales:
Product	$	1,176	$	1,403	$	5,829	$	7,232	$	8,408
Service		380		87		2,513		2,600		2,980
Total sales	$	1,556	$	1,490	$	8,342	$	9,832	$	11,388
Income (loss) from operations	$	(854)	$	31	$	286	$	317	$	(537)
Total assets	$	9,192	$	10,675	$	33,170	$	43,845	$	53,037
Capital expenditures		6		—		27		27		33
Depreciation and amortization		48		—		56		56		104

2019
Sales:
Product	$	767	$	553	$	12,239	$	12,792	$	13,559
Service		274		126		2,899		3,025		3,299
Total sales	$	1,041	$	679	$	15,138	$	15,817	$	16,858
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

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 of 10% or more of total revenues for the three months ended December 31, 2020 and 2019.


	For the three months ended December 31,
	2020				2019

	Customer		% of Total		Customer		% of Total
	Revenues		Revenues		Revenues		Revenues
	(Amounts in thousands)
Customer A	$	1,140	10	%	$	330	2	%
Customer B	$	611	5	%	$	1,784	11	%
Customer C	$	333	3	%	$	2,630	16	%

Customer B totaled approximately $4.8 million, or 30%, and approximately $4.7 million, or 28%, of total consolidated accounts receivable and long-term receivable as of December 31, 2020 and September 30, 2020, respectively. There were no other customers that were more than 10% of total consolidated accounts receivable and long-term receivable as of December 31, 2020. 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, 2020