Note 12 - Segment Reporting

12 Months Ended

Dec. 31, 2021

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 the Company’s 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, 2021 and December 31, 2020 and for the years then ended:

2021
(In thousands)	CVD			SDC		Materials		Corporate			Eliminations *			Consolidated
Assets	$	26,360		$	7,409	$	1,755							$	35,524
Revenue	$	8,590		$	4,849	$	3,354				$	(346	)	$	16,447
Operating (loss)/income		(3,454	)		922		910		(3,185	)					(4,807	)
Gain on Sale of Building							6,894								6,894
Pretax (loss)/income		(1,055	)		922		8,093		(3,185	)					4,775

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	) (1)		(3,151	)					(7,824	)
Pretax (loss)/income		(878	)		481		(4,054	) (1)		(3,151	)					(7,602	)

(1) During the year ended December 31, 2020, the Materials segment includes an impairment charge of $3.6 million related to the Tantaline product line.

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