GEOGRAPHIC AND SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

GEOGRAPHIC AND SEGMENT INFORMATION

GEOGRAPHIC AND SEGMENT INFORMATION

Operating segments are aggregated into reportable segments only if they exhibit similar economic characteristics. In addition to similar economic characteristics, the Company also considers the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to its chief operating decision maker for operating and administrative activities, availability of discrete financial information and information presented to the Board of Directors and investors. Asset information is not reviewed by the chief operating decision maker by segment and is not available by segment, accordingly, the Company has not presented a measure of assets by segment.

The Company's reportable segments are disclosed as principally organized and managed as two operating segments: Advanced Energy and OEM. "Corporate & Other" includes certain unallocated corporate and administrative costs which were not specifically attributed to any reportable segment. The OEM segment is primarily development and manufacturing contract and product driven, all related expenses are recorded as cost of sales, therefore no segment specific operating expenses are incurred.

Summarized financial information with respect to reportable segments is as follows:

	Three Months Ended March 31, 2022
(In thousands)	Advanced Energy		OEM		Corporate & Other		Total
Sales	$	10,814	$	1,679	$	—	$	12,493
Income (loss) from operations	(1,339)		317		(4,849)		(5,871)
Interest income	—		—		2		2
Interest expense	—		—		(8)		(8)
Other loss, net	—		—		(21)		(21)
Income tax expense	—		—		70		70

	Three Months Ended March 31, 2021
(In thousands)	Advanced Energy		OEM		Corporate & Other		Total
Sales	$	7,660	$	978	$	—	$	8,638
Loss from operations	(602)		(3)		(4,140)		(4,745)
Interest income	—		—		3		3
Interest expense	—		—		(4)		(4)
Other loss, net	—		—		(93)		(93)
Income tax expense	—		—		66		66

International sales represented approximately 39.6% of total revenues for the three months ended March 31, 2022, as compared with approximately 35.6% of total revenues for the three months ended March 31, 2021.

Revenue by geographic region, based on the customer's “ship to” location on the invoice, are as follows:

	Three Months Ended March 31,
(In thousands)	2022		2021
Sales by Domestic and International
Domestic	$	7,548	$	5,566
International	4,945		3,072
Total	$	12,493	$	8,638