Note 11 - Segment Reporting

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 11:          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 March 31,

(In thousands)

										Eliminations* and
2022	CVD			SDC			Materials			Unallocated			Consolidated
Assets	$	22,575		$	7,756		$	1,661		$	15		$	32,007
Revenue		2,827			1,415			458			(44	)		4,656
Operating (loss) income		(736	)		442			(6	)		(706	)		(1,006	)
Pretax (loss) income		(726	)		442			(7	)		(706	)		(997	)
2021
Assets	$	29,659		$	6,116		$	3,407		$	24		$	39,206
Revenue		2,006			827			629			(96	)		3,366
Operating loss		(575	)		(5	)		(110	)		(929	)		(1,619	)
Pretax (loss) income		(590	)		(5	)		18			(929	)		(1,506	)

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