Note 11 - Segment Reporting

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 11: SEGMENT REPORTING

The Company operates through

three

(

3

) segments, CVD Equipment Corporation (“CVD”),  Stainless Design Concepts (“SDC”) and CVD Materials Corporation (“Materials”). The CVD segment is utilized for chemical vapor deposition equipment manufacturing. SDC is the Company’s ultra-high purity manufacturing division in Saugerties, New York for gas control systems. Materials is our new section based on recent acquisitions, for providing quartzware and material coatings for aerospace, medical, electronic and other applications. The Company evaluates performance based on several factors, of which the primary financial measure is income or (loss) before taxes.

The Company’s corporate administration activities are reported in the Eliminations and Unallocated column. These activities primarily include intercompany profit, expenses related to certain corporate officers and support staff, expenses related to the Company’s Board of Directors, stock option expense for shares granted to corporate administration employees, certain consulting expenses, investor and shareholder relations activities, and a portion of the Company’s legal, auditing and professional fee expenses.

Three Months Ended

March 31,

(In thousands)

								Eliminations and
2018	CVD		SDC		Materials			Unallocated			Consolidated
Assets	$	45,333	$	6,463	$	8,852		$	(7	)	$	60,641
Revenue		6,705		2,260		372			(183	)		9,154
Operating income/(loss)		1,338		731		(513	)		(645	)		911
Pretax income/(loss)		1,333		731		(613	)		(645	)		806
2017
Assets	$	43,969	$	4,423	$	---		$			$	48,392
Revenue		8,582		2,032		---			(963	)		9,651
Operating income/(loss)		2,085		617		(345	)		(640	)		1,717
Pretax income/(loss)		2,076		617		(345	)		(640	)		1,708

*All elimination entries represent intersegment revenues eliminated in consolidation for external financial reporting.