BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2020

BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Schedule of operating lease liabilities

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of June 30, 2020:

	As of June 30, 2020
2020 (excluding the six months ended June 30, 2020)	$	432,000
2021		859,000
2022		769,000
2023		657,000
2024		388,000
Thereafter		1,049,000
Total operating lease payments		4,154,000
Less imputed interest		(490,000)
Total operating lease liabilities	$	3,664,000

Weighted average remaining lease term	6.3 years
Weighted average discount rate	4.3	%

Schedule of retail automotive aerospace and industrial

	Three months ended June 30,
	2020				2019				Decrease
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
Retail	$	2,860,000	33.1	%	$	3,427,000	31.8	%	$	(567,000)	(16.5)	%
Automotive		2,928,000	33.9			3,759,000	34.8			(831,000)	(22.1)
Industrial		817,000	9.4			1,223,000	11.3			(406,000)	(33.2)
Aerospace		1,934,000	22.4			2,231,000	20.7			(297,000)	(13.3)
Other		101,000	1.2			146,000	1.4			(45,000)	(30.8)
Total	$	8,640,000	100.0	%	$	10,786,000	100.0	%	$	(2,146,000)	(19.9)	%

	Six months ended June 30,
	2020				2019				Decrease
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
Retail	$	5,851,000	31.3	%	$	6,139,000	28.9	%	$	(288,000)	(4.7)	%
Automotive		6,160,000	33.0			7,624,000	35.9			(1,464,000)	(19.2)
Industrial		1,879,000	10.1			2,547,000	12.0			(668,000)	(26.2)
Aerospace		4,533,000	24.3			4,591,000	21.6			(58,000)	(1.3)
Other		247,000	1.3			325,000	1.6			(78,000)	(24.0)
Total	$	18,670,000	100.0	%	$	21,226,000	100.0	%	$	(2,556,000)	(12.0)	%

Hy-Tech

	Three months ended June 30,
	2020				2019				(Decrease) increase
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue			$	%
ATP	$	569,000	19.8	%	$	1,912,000	47.7	%	$	(1,343,000)	(70.2)	%
OEM		1,202,000	41.7			1,622,000	40.4			(420,000)	(25.9)
PTG		1,021,000	35.5			242,000	6.0			779,000	321.9
Other		88,000	3.0			236,000	5.9			(148,000)	(62.7)
Total	$	2,880,000	100.0	%	$	4,012,000	100.0	%	$	(1,132,000)	(28.2)	%

	Six months ended June 30,
	2020				2019				(Decrease) increase
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
ATP	$	1,629,000	26.3	%	$	3,898,000	49.4	%	$	(2,269,000)	(58.2)	%
OEM		2,641,000	42.6			2,959,000	37.5			(318,000)	(10.7)
PTG		1,757,000	28.3			597,000	7.6			1,160,000	194.3
Other		173,000	2.8			440,000	5.5			(267,000)	(60.7)
Total	$	6,200,000	100.0	%	$	7,894,000	100.0	%	$	(1,694,000)	(21.5)	%