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Segment Information
6 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information

The following tables present certain operating segment information for the three and six months ended March 31, 2019 and March 31, 2018.
 
 
 
 
Technology Solutions Segment
 
 
For the three months ended March 31,
 
High Performance Products Segment
 
United
Kingdom
 
U.S.
 
Total
 
Consolidated
Total
 
 
(Amounts in thousands)
2019
 
 
 
 
 
 
 
 
 
 
Sales:
 
 
 
 
 
 
 
 
 
 
Product
 
$
1,375

 
$
1,888

 
$
10,340

 
$
12,228

 
$
13,603

Service
 
239

 
95

 
2,413

 
2,508

 
2,747

Total sales
 
1,614

 
1,983

 
12,753

 
14,736

 
16,350

Income (loss) from operations
 
(1,093
)
 
106

 
216

 
322

 
(771
)
Total assets
 
12,583

 
13,222

 
26,525

 
39,747

 
52,330

Capital expenditures
 
37

 

 

 

 
37

Depreciation and amortization
 
55

 
1

 
44

 
45

 
100

 
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
 
Sales:
 
 
 
 
 
 
 
 
 
 
Product
 
$
1,480

 
$
756

 
$
11,813

 
$
12,569

 
$
14,049

Service
 
315

 
115

 
2,125

 
2,240

 
2,555

Total sales
 
1,795

 
871

 
13,938

 
14,809

 
16,604

Income (loss) from operations
 
(1,057
)
 
(233
)
 
426

 
193

 
(864
)
Assets from continuing operations
 
15,036

 
2,792

 
16,338

 
19,130

 
34,166

Assets from discontinued operations
 

 

 

 

 
21,172

Total assets
 
15,036

 
2,792

 
16,338

 
19,130

 
55,338

Capital expenditures
 
36

 

 
96

 
96

 
132

Depreciation and amortization
 
57

 
1

 
69

 
70

 
127

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Technology Solutions Segment
 
 
For the six months ended March 31,
 
High Performance Products Segment
 
United
Kingdom
 
U.S.
 
Total
 
Consolidated
Total
 
 
(Amounts in thousands)
2019
 
 
 
 
 
 
 
 
 
 
Sales:
 
 
 
 
 
 
 
 
 
 
Product
 
$
3,108

 
$
3,620

 
$
22,586

 
$
26,206

 
$
29,314

Service
 
532

 
165

 
5,319

 
5,484

 
6,016

Total sales
 
3,640

 
3,785

 
27,905

 
31,690

 
35,330

Income (loss) from operations
 
(1,920
)
 
132

 
1,032

 
1,164

 
(756
)
Total assets
 
12,583

 
13,222

 
26,525

 
39,747

 
52,330

Capital expenditures
 
240

 

 
28

 
28

 
268

Depreciation and amortization
 
108

 
3

 
95

 
98

 
206

 
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
 
Sales:
 
 
 
 
 
 
 
 
 
 
Product
 
$
3,087

 
$
3,298

 
$
21,333

 
$
24,631

 
$
27,718

Service
 
1,178

 
280

 
4,058

 
4,338

 
5,516

Total sales
 
4,265

 
3,578

 
25,391

 
28,969

 
33,234

Income (loss) from operations
 
(1,440
)
 
(91
)
 
832

 
741

 
(699
)
Assets from continuing operations
 
15,036

 
2,792

 
16,338

 
19,130

 
34,166

Assets from discontinued operations
 

 

 

 

 
21,172

Total assets
 
15,036

 
2,792

 
16,338

 
19,130

 
55,338

Capital expenditures
 
46

 

 
130

 
130

 
176

Depreciation and amortization
 
113

 
2

 
136

 
138

 
251


Income (loss) from operations consists of sales less cost of sales, engineering and development expenses, and selling, general and administrative expenses but is not affected by either other income/expense or by income taxes expense. Non-operating charges/income consists principally of investment income and interest expense.  All intercompany transactions have been eliminated.
    
The following table lists customers from which the Company derived revenues in excess of 10% of total revenues from continuing operations for the three and six months ended March 31, 2019, and 2018.
 
 
For the three months ended March 31,
 
For the six months ended March 31,
 
 
2019
 
2018
 
2019
 
2018
 
 
Customer Revenues
 
% of Total
Revenues
 
Customer Revenues
 
% of Total
Revenues
 
Customer Revenues
 
% of Total
Revenues
 
Customer Revenues
 
% of Total
Revenues
 
(Dollar amounts in millions)
Customer A
 
$
1.1

 
7
%
 
$
2.7

 
16
%
 
$
1.5

 
4
%
 
$
3.9

 
12
%
Customer B
 
$
1.7

 
11
%
 
$

 
%
 
$
3.0

 
9
%
 
$

 
%
Customer C
 
$
1.7

 
10
%
 
$
0.3

 
2
%
 
$
3.3

 
9
%
 
$
0.6

 
2
%


Accounts receivable from Customers A and B were less than 10% of total consolidated accounts receivable as of March 31, 2019 and September 30, 2018. Accounts receivable from Customer C totaled approximately $3.3 million, or 20%, and approximately $0.2 million, or 3%, of total consolidated accounts receivable as of March 31, 2019 and September 30, 2018, respectively. Two additional customers, Customers D and E, accounted for accounts receivable of 10% or more as of March 31, 2019, but did not account for revenue of 10% or more for the three and six months ended March 31, 2019. Accounts receivable from Customer D totaled approximately $2.1 million, or 13%, of total consolidated accounts receivable as of March 31, 2019. Accounts receivable from Customer E totaled approximately $1.7 million, or 10% of total consolidated accounts receivable as of March 31, 2019. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with these customers as of March 31, 2019.