Segment Information

6 Months Ended

Mar. 31, 2022

Segment Information

Segment Information

15.            Segment Information

The following tables present certain operating segment information for the three and six months ended March 31, 2022 and 2021.

			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
Three months ended March 31,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2022
Sales:
Product	$	962	$	212	$	7,043	$	7,255	$	8,217
Service		181		104		3,479		3,583		3,764
Total sales	$	1,143	$	316	$	10,522	$	10,838	$	11,981
(Loss) income from operations	$	(1,102)	$	(36)	$	1,114	$	1,078	$	(24)
Total assets	$	8,756	$	9,161	$	40,513	$	49,674	$	58,430
Capital expenditures	$	15	$	—	$	43	$	43	$	58
Depreciation and amortization	$	28	$	—	$	58	$	58	$	86
2021
Sales:
Product	$	716	$	241	$	10,019	$	10,260	$	10,976
Service		172		90		2,850		2,940		3,112
Total sales	$	888	$	331	$	12,869	$	13,200	$	14,088
(Loss) income from operations	$	(1,339)	$	(66)	$	1,284	$	1,218	$	(121)
Total assets	$	8,098	$	10,497	$	40,825	$	51,322	$	59,420
Capital expenditures	$	1	$	—	$	9	$	9	$	10
Depreciation and amortization	$	45	$	—	$	53	$	53	$	98

			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
Six months ended March 31,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2022
Sales:
Product	$	1,682	$	274	$	14,981	$	15,255	$	16,937
Service		525		197		6,691		6,888		7,413
Total sales	$	2,207	$	471	$	21,672	$	22,143	$	24,350
(Loss) income from operations	$	(2,107)	$	(91)	$	1,778	$	1,687	$	(420)
Total assets	$	8,756	$	9,161	$	40,513	$	49,674	$	58,430
Capital expenditures	$	60	$	—	$	135	$	135	$	195
Depreciation and amortization	$	63	$	—	$	117	$	117	$	180
2021
Sales:
Product	$	1,892	$	1,644	$	15,848	$	17,492	$	19,384
Service		552		177		5,363		5,540		6,092
Total sales	$	2,444	$	1,821	$	21,211	$	23,032	$	25,476
(Loss) income from operations	$	(2,193)	$	(35)	$	1,570	$	1,535	$	(658)
Total assets	$	8,098	$	10,497	$	40,825	$	51,322	$	59,420
Capital expenditures	$	7	$	—	$	36	$	36	$	43
Depreciation and amortization	$	93	$	—	$	109	$	109	$	202

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 interest income from transactions with payment terms exceeding one year (see Note 6, “Accounts and Long-Term Receivable” 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 and six months ended March 31, 2022 and 2021.

	Three months ended March 31,								Six months ended March 31,
	2022				2021				2022				2021
									(in millions)				(in millions)
	Customer		% of Total		Customer		% of Total		Customer		% of Total		Customer		% of Total
	Revenues		Revenues		Revenues		Revenues		Revenues		Revenues		Revenues		Revenues
	(Amounts in millions)
Customer A	$	2.4	25	%	$	1.2	8	%	$	4.3	18	%	$	1.8	7	%

Customer A had a balance of $9.9 million, or 44%, of total consolidated accounts receivable and long-term receivable as of March 31, 2022. There were no other customers with more than 10% of total consolidated accounts receivable and long-term receivable as of March 31, 2022. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of March 31, 2022.