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Note 4 - Segment Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 4. Segment Information We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources. Prior to 2023, we reported our results as a single reporting segment. During 2023, our chief operating decision makers modified their view of our business and how they allocate resources and assess performance. Prior period presentation has been revised to conform to our new structure. The Company has now identified two reportable business segments: Electronic Instruments and Merchant Investment. A brief description of each segment is below: The Electronic Instruments segment includes all products manufactured and sold by PTF. The Merchant Investment segment includes all activity produced by Lynch Capital International, LLC ("Lynch Capital"). The Company includes in Corporate the following corporate and business activities:
| • | corporate level assets and financial obligations such as cash and equivalents invested in highly liquid U.S. Treasury money market funds and other marketable securities;
| • | other items not allocated to or directly related to the Company's operating segments, including items such as deferred tax balances; and
| • | intercompany eliminations.
Beginning in 2023, the Electronic Instruments and Merchant Investment segments are allocated overhead expenses based on total assets. The following tables present LGL Group's continuing operations by segment:
|  | Year Ended December 31, 2023
|  | Electronic Instruments |  | Merchant Investment |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,728 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,728 |
Net investment income |  |  | — |  |  |  | 869 |  |  |  | 697 |  |  |  | 1,566 |
Net gains |  |  | — |  |  |  | — |  |  |  | 384 |  |  |  | 384 |
Total revenues |  |  | 1,728 |  |  |  | 869 |  |  |  | 1,081 |  |  |  | 3,678 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing cost of sales |  |  | 796 |  |  |  | — |  |  |  | — |  |  |  | 796 |
Engineering, selling and administrative |  |  | 780 |  |  |  | 216 |  |  |  | 1,240 |  |  |  | 2,236 |
Total expenses |  |  | 1,576 |  |  |  | 216 |  |  |  | 1,240 |  |  |  | 3,032 |
Income (loss) from continuing operations before income taxes |  |  | 152 |  |  |  | 653 |  |  |  | (159 | ) |  |  | 646 |
Income tax expense (benefit) |  |  | — |  |  |  | — |  |  |  | 301 |  |  |  | 301 |
Income (loss) from continuing operations |  |  | 152 |  |  |  | 653 |  |  |  | (460 | ) |  |  | 345 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | (28 | ) |  |  | (28 | )
Net income (loss) |  |  | 152 |  |  |  | 653 |  |  |  | (488 | ) |  |  | 317 |
Less: Net income attributable to non-controlling interests |  |  | — |  |  |  | 48 |  |  |  | — |  |  |  | 48 |
Net income (loss) attributable to LGL Group common stockholders |  | $ | 152 |  |  | $ | 605 |  |  | $ | (488 | ) |  | $ | 269 |
|  | Year Ended December 31, 2022
|  | Electronic Instruments |  | Merchant Investment |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,655 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,655 |
Net investment income |  |  | — |  |  |  | — |  |  |  | 413 |  |  |  | 413 |
Net losses |  |  | — |  |  |  | — |  |  |  | (4,747 | ) |  |  | (4,747 | )
Total revenues |  |  | 1,655 |  |  |  | — |  |  |  | (4,334 | ) |  |  | (2,679 | )
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing cost of sales |  |  | 837 |  |  |  | — |  |  |  | — |  |  |  | 837 |
Engineering, selling and administrative |  |  | 715 |  |  |  | — |  |  |  | 2,175 |  |  |  | 2,890 |
Total expenses |  |  | 1,552 |  |  |  | — |  |  |  | 2,175 |  |  |  | 3,727 |
Income (loss) from continuing operations before income taxes |  |  | 103 |  |  |  | — |  |  |  | (6,509 | ) |  |  | (6,406 | )
Income tax benefit |  |  | — |  |  |  | — |  |  |  | (1,529 | ) |  |  | (1,529 | )
Income (loss) from continuing operations |  |  | 103 |  |  |  | — |  |  |  | (4,980 | ) |  |  | (4,877 | )
Income from discontinued operations |  |  | — |  |  |  | — |  |  |  | 1,885 |  |  |  | 1,885 |
Net income (loss) |  |  | 103 |  |  |  | — |  |  |  | (3,095 | ) |  |  | (2,992 | )
Less: Net income attributable to non-controlling interests |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) attributable to LGL Group common stockholders |  | $ | 103 |  |  | $ | — |  |  | $ | (3,095 | ) |  | $ | (2,992 | )
The following table presents LGL Group's year-end identifiable assets and capital expenditures by segment:
|  | Year-End Identifiable Assets |  | Capital Expenditures
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Electronic Instruments |  | $ | 843 |  |  | $ | 1,118 |  |  | $ | — |  |  | $ | — |
Merchant Investment |  |  | 23,530 |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate |  |  | 17,477 |  |  |  | 38,667 |  |  |  | — |  |  |  | — |
Total |  | $ | 41,850 |  |  | $ | 39,785 |  |  | $ | — |  |  | $ | — |

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