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5. SEGMENT INFORMATION
 6 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 5                  SEGMENT INFORMATION

 

The Company has two reportable segments: distribution and design. The distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices as well as smart-enabled and other products. The design segment provides a full spectrum of hardware and software product design and engineering services. We measure the performance of our operating segments based upon revenue and operating income or loss. Operating income/(loss) and net income/(loss) are shown in the table below:

  

   For the Three Months Ended
March 31,		   For the Six Months Ended
March 31,		 
   2021   2020   2021   2020 
Revenues, net                    
Distribution  $4,483,000   $4,624,000   $10,088,000   $9,320,000 
Design   3,912,000    3,307,000    8,025,000    7,004,000 
Total revenues, net  $8,395,000   $7,931,000   $18,113,000   $16,324,000 
                     
Cost of sales                    
Distribution  $3,911,000   $4,063,000   $8,791,000   $8,156,000 
Design   2,741,000    2,415,000    5,316,000    4,995,000 
Total cost of sales  $6,652,000   $6,478,000   $14,107,000   $13,151,000 
                     
Loss from operations                    
Distribution  $(528,000)  $(378,000)  $(872,000)  $(821,000)
Design   (288,000)   (1,289,000)   (112,000)   (875,000)
Total loss from operations  $(816,000)  $(1,667,000)  $(984,000)  $(1,696,000)
                     
Other expense/(income), net                    
Distribution  $45,000   $(307,000)  $44,000   $(274,000)
Design   (26,000)   12,000    (1,392,000)   31,000 
Total other expense/(income), net  $19,000   $(295,000)  $(1,348,000)  $(243,000)
                     
Net (loss)/income                    
Distribution  $(573,000)  $(71,000)  $(916,000)  $(547,000)
Design   (262,000)   (1,301,000)   1,280,000    (906,000)
Total net (loss)/income  $(835,000)  $(1,372,000)  $364,000   $(1,453,000)

 

The following table presents total assets by operating segment:

 

   March 31,
2021		   September 30,
2020		 
Distribution  $7,685,000   $8,289,000 
Design   9,514,000    11,067,000 
Total  $17,199,000   $19,356,000