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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 9. SEGMENT INFORMATION

 

Our results of operations for the three months ended March 31, 2025 and 2024 represent a single operating and reporting segment referred to as Contract Manufacturing within the EMS industry. The Company operates in the Medical Device, Medical Imaging, Aerospace and Defense, and Industrial markets with over 50% of its net sales coming from the medical-related markets. We strategically direct production between our various manufacturing facilities based on a number of considerations to best meet our customers’ needs. Our plants generate net sales over several of the markets the Company serves. We share resources for sales, marketing, engineering, supply chain, information services, human resources, payroll, and all corporate accounting functions. Our chief operating decision maker (the “CODM”) is the Company’s President and Chief Executive Officer. The CODM regularly evaluates financial information prepared in accordance with U.S. GAAP on a consolidated basis to assess performance and allocate resources.

 

The Company’s net sales were located as follows:

 

   March 31, 2025   March 31, 2024 
United States  $16,310   $23,529 
Mexico   6,580    6,786 
China   4,005    3,900 
Total net sales  $26,895   $34,215 

 

The Company’s long-lived tangible assets, including the Company’s operating lease assets recognized on the consolidated balance sheets were located as follows:

 

   March 31, 2025   December 31, 2024 
United States  $9,697   $10,429 
Mexico   2,310    2,445 
China   1,399    1,497 
Total long-lived tangible assets  $13,406   $14,371