Note 14 - Business Segments

6 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

14.   BUSINESS SEGMENTS

The Company operated in four segments; the testing service industry (which performs structural and electronic tests of semiconductor devices), the designing and manufacturing of equipment (assembly of equipment that tests the structural integrity of integrated circuits and other products), distribution of various products from other manufacturers in Singapore and Asia and the real estate segment in China.

The cost of equipment, current year investment in new equipment and depreciation expense are allocated into respective segments based on primary purpose for which the equipment was acquired.

All intersegment sales were sales from the manufacturing segment to the testing and distribution segment. Total intersegment sales were $115 and $669 for three and six months ended December 31, 2022, as compared to $232 and $820 for the same period in fiscal 2022. Corporate assets consisted primarily of cash and prepaid expenses. Corporate expenses consisted primarily of stock option expense, salaries, insurance, professional expenses and directors' fees. Corporate expenses are allocated to the four segments on a predetermined fixed amount calculated based on the annual budgeted sales, except the Malaysia operation, which is calculated based on actual sales. The following segment information table includes segment operating income or loss after including corporate expenses allocated to the segments, which gets eliminated in the consolidation.

The following segment Information is unaudited for the six months ended December 31, 2022, and December 31, 2021:

Business Segment Information:

	Six Months			Operating
	Ended	Net		Income /			Total		Depr. And		Capital
	Dec. 31,	Revenue		(Loss)			Assets		Amort.		Expenditures
Manufacturing	2022	$	8,629	$	477		$	15,345	$	230	$	15
	2021	$	7,090	$	252		$	14,799	$	208	$	95
Testing Services	2022		12,012		1,129			27,757		1,875		3,967
	2021		9,566		1,124			24,546		1,251		699
Distribution	2022		3,676		482			1,437		-		-
	2021		4,418		531			1,850		2		-
Real Estate	2022		12		(42	)		1,580		38		-
	2021		19		(51	)		1,283		41		1
Corporate & Unallocated	2022		-		90			77		-		12
	2021		-		(230	)		74		-		-
Total Company	2022	$	24,329	$	2,136		$	46,196	$	2,143	$	3,994
	2021	$	21,093	$	1,626		$	42,552	$	1,502	$	795

The following segment Information is unaudited for the three months ended December 31, 2022, and December 31, 2021:

Business Segment Information:

	Three Months			Operating
	Ended	Net		Income /			Total		Depr. And		Capital
	Dec. 31,	Revenue		(Loss)			Assets		Amort.		Expenditures
Manufacturing	2022	$	5,044	$	301		$	15,345	$	99	$	15
	2021	$	3,528		(48	)		14,799		104		35
Testing Services	2022		5,648		547			27,757		1,111		2,811
	2021		4,966		588			24,546		644		322
Distribution	2022		1,694		217			1,437		-		-
	2021		2,420		277			1,850		-		-
Real Estate	2022		4		(28	)		1,580		20		-
	2021		8		(28	)		1,283		21		-
Corporate & Unallocated	2022		-		32			77		6		12
	2021		-		(133	)		74		-		-
Total Company	2022	$	12,390	$	1,069		$	46,196	$	1,236	$	2,838
	2021	$	10,922		656			42,552		769		357