XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Set forth below are the results of the discontinued operations:

Set forth below are the results of the discontinued operations:

 

(Dollars in thousands)  Three
Months
Ended
March 31,
2022		   Three
Months
Ended
March 31,
2021(*)		 
     
Product revenue  $1,640   $1,337 
Cost of sales   561    451 
Research and development   369    386 
Selling, general, and administrative   484    540 
Net income (loss) from discontinued operations  $226   $(40)

 

(*)Reclassified to conform with the current period presentation
The following table summarizes information about assets and liabilities from discontinued operations held for sale as of March 31, 2022 and December 31, 2021:

The following table summarizes information about assets and liabilities from discontinued operations held for sale as of March 31, 2022 and December 31, 2021:

 

(Dollars in thousands)        
   March 31,   December 31, 
   2022   2021 
Assets held for sale from discontinued operations:          
Accounts receivable  $1,001   $1,189 
Inventories   1,021    964 
Prepaid expenses and other current assets   40    54 
Property, plant and equipment, net   77    92 
Deferred tax assets, net   101    101 
Operating lease right-of-use assets   579    628 
Total Assets held for sale from discontinued operations  $2,819   $3,028 
           
Liabilities held for sale from discontinued operations:          
Accounts payable  $191   $136 
Accrued liabilities   529    479 
Operating lease liability   578    628 
           
Total Liabilities held for sale from discontinued operations  $1,298   $1,243 
MTI Instruments sells its products on a worldwide basis with its principal markets listed in the table below where information on product revenue is summarized by geographic area for the Company as a whole for each of the years ended December 31

MTI Instruments sells its products on a worldwide basis with its principal markets listed in the table below where information on product revenue is summarized by geographic area for the Company as a whole for each of the years ended December 31:

 

(Dollars in thousands)  Three
Months
Ended
March 31,
2022		   Three
Months
Ended
March 31,
2021		 
     
Product revenue:          
United States  $836   $909 
Association of South East Asian Nations (ASEAN)   743    242 
Europe, the Middle East and Africa (EMEA)   57    166 
Americas (Canada, Mexico, South America)   4    20 
           
Total product revenue  $1,640   $1,337