Note 12 - Segment Reporting

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

12

–

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, 2020

and

December 31, 2019

and for the years then ended:

2020
(In thousands)	CVD			SDC		Materials			Corporate			Eliminations *			Consolidated
Assets	$	31,284		$	6,068	$	3,593					$	(9	)	$	40,936
Revenue	$	10,385		$	4,429	$	2,556					$	(450	)	$	16,920
Operating (loss)/income		(863	)		473		(4,283	)		(3,151	)					(7,824	)
Pretax (loss)/income		(878	)		481		(4,054	)		(3,151	)					(7,602	)

2019
(In thousands)	CVD			SDC		Materials			Corporate			Eliminations *			Consolidated
Assets-revised	$	34,374		$	6,003	$	6,355					$	(9	)	$	46,723
Revenue	$	14,065		$	4,498	$	1,786					$	(702	)	$	19,647
Operating (loss)/income		(1,811	)		696		(537	)		(3,333	)					(4,985	)
Pretax (loss)/income		(1,782	)		719		(518	)		(3,333	)					(4,914	)

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

2020

Materials segment includes an impairment charge of

$3.6

million related to the Tantaline product line