SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENTS

The following table presents certain information regarding the Company’s segments as of and for the three months ended September 30, 2024 and 2023 (in thousands):

2024

	CVD Equipment			SDC		CVD Materials		Eliminations			Corporate			Consolidated
Assets	$	27,270		$	3,805	$	836	$	(65	)	$	-		$	31,846
Revenue	$	5,681		$	2,005	$	661	$	(153	)	$	-		$	8,194
Operating (loss) income		*(736	)		538		**1,104		18			(847	)		77
Pretax (loss) income		*(741	)		538		**1,104		18			(711	)		208
Depreciation and amortization	$	157		$	12	$	-	$	-		$	-		$	169
Purchase of property, plant & equipment	$	30		$	7	$	-	$	-		$	-		$	37

2023

	CVD Equipment			SDC		CVD Materials			Eliminations			Corporate			Consolidated
Assets	$	32,915		$	4,237	$	177		$	(102	)	$	-		$	37,227
Revenue	$	4,795		$	1,572	$	90		$	(223	)	$	-		$	6,234
Operating (loss) income		(323	)		436		(35	)		(76	)		(992	)		(990	)
Pretax (loss) income		(262	)		434		(31	)		(76	)		(818	)		(753	)
Depreciation and amortization	$	137		$	12	$	4		$	-		$	-		$	153
Purchase of property, plant & equipment	$	83		$	-	$	-		$	-		$	-		$	83

* Includes a $1.0 million non-cash charge to reduce certain inventory to net realizable value – see Note 5.

** Includes gain on sale of equipment of $0.6 million related to MesoScribe – see Note 11.

CVD EQUIPMENT CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

NOTE 10: SEGMENT REPORTING (continued)

The following table presents certain information regarding the Company’s segments as of and for the nine months ended September 30, 2024 and 2023 (in thousands):

2024

	CVD Equipment			SDC		CVD Materials		Eliminations			Corporate			Consolidated
Revenue	$	12,737		$	6,252	$	775	$	(302	)	$	-		$	19,462
Operating (loss) income		*(2,884	)		1,884		**1,034		28			(2,513	)		(2,451	)
Pretax (loss) Income		*(2,894	)		1,884		**1,034		28			(2,075	)		(2,025	)
Depreciation and amortization	$	441		$	35	$	-	$	-		$	-		$	476
Purchase of property, plant & equipment	$	209		$	10	$	-	$	-		$	-		$	219

2023

	CVD Equipment			SDC		CVD Materials			Eliminations			Corporate			Consolidated
Revenue	$	13,774		$	5,679	$	1,009		$	(554	)	$	-		$	19,998
Operating (loss) income		(581	)		1,430		***(178	)		(104	)		(2,977	)		(2,410	)
Pretax (loss) Income		(518	)		1,430		***(126	)		(104	)		(2,577	)		(1,895	)
Depreciation and amortization	$	404		$	36	$	105		$	-		$	-		$	545
Purchase of property, plant & equipment	$	298		$	10	$	-		$	-		$	-		$	308

* Includes a $1.0 million non-cash charge to reduce certain inventory to net realizable value – see Note 5.

** Includes gain on sale of equipment of $0.6 million related to MesoScribe – see Note 11.

*** Includes loss on sale of Tantaline of $0.2 million and impairment charge related to MesoScribe fixed assets of $0.1 million – see Note 11.