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SEGMENT INFORMATION
 9 Months Ended
Jun. 30, 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. It also distributes a variety of other products, including smart-enabled furniture, through its retail distribution network. 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

June 30,

  

For the Nine Months Ended

June 30,

 
   2021   2020   2021   2020 
Revenues, net                    
Distribution  $5,720,000   $6,389,000   $15,808,000   $15,709,000 
Design   4,245,000    3,160,000    12,269,000    10,164,000 
Total revenues, net  $9,965,000   $9,549,000   $28,077,000   $25,873,000 
                     
Cost of sales                    
Distribution  $4,939,000   $5,450,000   $13,730,000   $13,606,000 
Design   2,842,000    2,324,000    8,158,000    7,319,000 
Total cost of sales  $7,781,000   $7,774,000   $21,888,000   $20,925,000 
                     
Income/(loss) from operations                    
Distribution  $(125,000)  $(211,000)  $(996,000)  $(1,032,000)
Design   393,000    36,000    281,000    (839,000)
Total income/(loss) from operations  $268,000   $(175,000)  $(715,000)  $(1,871,000)
                     
Other expense/(income), net                    
Distribution  $56,000   $35,000   $100,000   $(239,000)
Design   (32,000)   5,000    (1,423,000)   36,000 
Total other expense/(income), net  $24,000   $40,000   $(1,323,000)  $(203,000)
                     
Net income/(loss)                    
Distribution  $(181,000)  $(246,000)  $(1,096,000)  $(793,000)
Design   425,000    31,000    1,704,000    (875,000)
Total net income/(loss)  $244,000   $(215,000)  $608,000   $(1,668,000)

 

The following table presents total assets by operating segment: 

        
  

June 30,

2021

  

September 30,

2020

 
Distribution  $8,631,000   $8,289,000 
Design   10,300,000    11,067,000 
Total  $18,931,000   $19,356,000