Note 13 - Segment Reporting

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

1

3

– Segment Reporting

The Company adopted ASC

280,

“Segment Reporting.” The Company operates through

three

segments, CVD, SDC and CVD Materials. The CVD segment is utilized for silicon, silicon germanium, silicon carbide and gallium arsenide processes. SDC is the Company’s ultra-high purity manufacturing division in Saugerties, New York. The accounting policies of CVD and SDC are the same as those described in the summary of significant accounting policies (see Note

2

). The Company evaluates performance based on several factors, of which the primary financial measure is earnings before taxes. Included in the CVD Materials segment are our wholly owned subsidiaries, CVD Tantaline Aps and CVD MesoScribe Technologies Corporation.

The following table presents certain information regarding the Company’s segments as of

December 31, 2018

and

December 31, 2017

and for the years then ended:

2018
(In thousands)	CVD			SDC		Materials			Corporate			Eliminations *			Consolidated
Assets	$	40,467		$	4,870	$	7,187					$	(9	)	$	52,515
Revenue	$	17,860		$	5,503	$	1,993					$	(1,022	)	$	24,334
Operating (loss)/income		(1,754	)		958		(1,295	)		(3,164	)					(5,255	)
Pretax (loss)/income		(1,691	)		987		(1,690	)		(3,164	)					(5,558	)

2017
(In thousands)	CVD		SDC		Materials			Corporate			Eliminations *			Consolidated
Assets	$	42,152	$	5,850	$	9,368		$	1,609		$	(1	)	$	58,978
Revenue	$	34,965	$	7,427	$	733					$	(1,996	)	$	41,129
Operating (loss)/income		9,232		2,008		(1,406	)		(2,615	)					7,219
Pretax (loss)/income		9,243		2,011		(1,444	)		(2,615	)					7,195

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