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SEGMENT AND GEOGRAPHIC INFORMATION | 12 Months Ended
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Dec. 31, 2022
SEGMENT AND GEOGRAPHIC INFORMATION |
SEGMENT AND GEOGRAPHIC INFORMATION | NOTE 13 – SEGMENT AND GEOGRAPHIC INFORMATION We consider our operations to be a single operating segment, focused on the design, manufacturing and sale of programming systems used by designers and manufacturers of electronic products. Major operations outside the U.S. include sales, engineering and service support by subsidiaries in Germany as well as in China, which also manufactures some of our products. The following tables provide summary operating information by geographic area:
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |
Net sales: |  |  |  |  |  |
U.S. |  | $ | 1,774 |  |  | $ | 2,607 |
Europe |  |  | 7,402 |  |  |  | 9,387 |
Rest of World |  |  | 15,041 |  |  |  | 13,841 |
|  | $ | 24,217 |  |  | $ | 25,835 |
Included in Europe and Rest of World are |  |  |  |  |  |  |  |
the following Net Sales significant balances: |  |  |  |  |  |  |  |
Germany |  | $ | 2,881 |  |  | $ | 3,783 |
China |  | $ | 5,476 |  |  | $ | 4,203 |
Operating income: |  |  |  |  |  |  |  |
U.S. |  | $ | 5 |  |  | $ | 257 |
Europe |  |  | (1,331 | ) |  |  | (1,037 | )
Rest of World |  |  | 577 |  |  |  | 507 |
|  | $(749) |  |  | $(273) |
Identifiable assets: |  |  |  |  |  |  |  |
U.S. |  | $ | 15,234 |  |  | $ | 15,840 |
Europe |  |  | 4,886 |  |  |  | 5,638 |
Rest of World |  |  | 7,045 |  |  |  | 7,579 |
|  | $ | 27,165 |  |  | $ | 29,057 |

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