Note 12 - Segment Reporting

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 12:          SEGMENT REPORTING

The Company operates through three (3) segments: CVD Equipment (“CVD”), Stainless Design Concepts (“SDC”) and CVD Materials (“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. The Materials segment was established to provide 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 all of the Company’s legal, auditing and professional fees, and interest expense.

Three Months Ended June 30,

(In thousands)

									Eliminations* and
2021	CVD			SDC		Materials			Unallocated			Consolidated
Assets	$	28,149		$	6,765	$	3,940		$	66		$	38,920
Revenue		1,804			1,162		1,087			(19	)		4,034
Operating (loss) income		(1,220	)		368		503			(734	)		(1,083	)
Pretax income (loss)		1,209			368		628			(734	)		1,471
2020
Assets	$	36,509		$	6,445	$	5,380		$	(9	)	$	48,325
Revenue		2,280			1,016		517			(94	)		3,719
Operating (loss) income		(299	)		65		(137	)		(761	)		(1,132	)
Pretax (loss) income		(312	)		65		(125	)		(761	)		(1,133	)

Six Months Ended June 30,

(In thousands)

									Eliminations* and
2021	CVD			SDC		Materials			Unallocated			Consolidated
Revenue		3,811			1,987		1,716			(114	)		7,400
Operating (loss) income		(1,753	)		363		392			(1,704	)		(2,702	)
Pretax income (loss)		661			363		646			(1,704	)		(34	)
2020
Revenue		6,377			2,835		801			(258	)		9,755
Operating income (loss)		293			667		(493	)		(1,491	)		(1,024	)
Pretax income (loss)		277			675		(467	)		(1,491	)		(1,006	)

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