Segment Information

12 Months Ended

Sep. 30, 2021

Segment Information

Segment Information

18.    Segment Information

The following table presents certain operating segment information.

			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
For the year ended September 30,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2021
Sales:
Product	$	3,126	$	1,578	$	30,522	$	32,100	$	35,226
Service		1,497		426		12,059		12,485		13,982
Total sales	$	4,623	$	2,004	$	42,581	$	44,585	$	49,208
Income (loss) from operations	$	(4,578)	$	(217)	$	3,433	$	3,216	$	(1,362)
Total assets	$	9,018	$	10,174	$	43,782	$	53,956	$	62,974
Capital expenditures		18		—		80		80		98
Depreciation and amortization		177		—		211		211		388
2020
Sales:
Product	$	3,401	$	943	$	43,645	$	44,588	$	47,989
Service		2,475		440		10,889		11,329		13,804
Total sales	$	5,876	$	1,383	$	54,534	$	55,917	$	61,793
Income (loss) from operations	$	(3,730)	$	(168)	$	2,474	$	2,306	$	(1,424)
Total assets	$	9,915	$	10,296	$	33,434	$	43,730	$	53,645
Capital expenditures		89		—		141		141		230
Depreciation and amortization		218		3		231		234		452

Profit (loss) from operations is sales less cost of sales, engineering and development, selling, general and administrative expenses but is not affected by either non-operating charges/income or by income taxes. Non-operating charges/income consists principally of investment income and interest expense. All intercompany transactions have been eliminated. Over long-lived assets are located in North America.

The following table details the Company’s sales by operating segment for fiscal years ended September 30, 2021 and 2020. The Company’s sales by geographic area based on the location of where the products were shipped or services rendered are as follows:

													% of
2021	Americas			Europe			Asia			Total			Total
	(Amounts in thousands)
TS	$	41,783		$	2,538		$	264		$	44,585		91	%
HPP		3,538			665			420			4,623		9	%
Total	$	45,321		$	3,203		$	684		$	49,208		100	%
% of Total		92	%		7	%		1	%		100	%
2020
TS	$	54,177		$	1,645		$	95		$	55,917		90	%
HPP		5,001			637			238			5,876		10	%
Total	$	59,178		$	2,282		$	333		$	61,793		100	%
% of Total		95	%		4	%		1	%		100	%

Deferred tax assets by geographic location at years ended September 30, 2021 and 2020 were as follows:

	September 30,		September 30,
	2021		2020
	(Amounts in thousands)
North America	$	—	$	1,149
Europe		—		—
Totals	$	—	$	1,149

The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the years ended years ended September 30, 2021 and 2020.

	For the year ended September 30,
	2021				2020
	Customer		% of Total		Customer		% of Total
	Revenues		Revenues		Revenues		Revenues
Customer A	$	0.6	1	%	$	6.5	10	%

In addition, accounts receivable from Customer A totaled approximately $16.2 million, or 62%, and approximately $4.7 million, or 28%, of total consolidated accounts receivable as of September 30, 2021 and September 30, 2020, respectively. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with this customer as of September 30, 2021. No other customers accounted for 10% or more of total consolidated accounts receivable as of September 30, 2021.