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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary of the Company's Segment Net Sales, Gross Profit and Income Before Income Taxes

Summarized below are the Company’s segment net sales, gross profit and income before income taxes for the years ended December 31, 2021, 2020 and 2019 based on the current reporting segment structure.

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

Sales by Segment

 

2021

 

 

Net Sales

 

 

 

2020

 

 

Net Sales

 

 

 

2019

 

 

Net Sales

 

 

 

 

(in thousands, except percentages)

Equipment

 

$

2,323

 

 

 

15

 

%

 

$

12,385

 

 

 

51

 

%

 

$

43,722

 

 

 

67

 

%

Services

 

 

13,598

 

 

 

85

 

%

 

 

11,925

 

 

 

49

 

%

 

 

21,901

 

 

 

33

 

%

Total

 

$

15,921

 

 

100

 

%

 

$

24,310

 

 

100

 

%

 

$

65,623

 

 

100

 

%

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

Gross Profit

 

 

Gross profit (loss)by Segment

 

2021

 

 

%

 

 

 

2020

 

 

%

 

 

 

2019

 

 

%

 

 

 

 

(in thousands, except percentages)

Equipment

 

$

(4,358

)

 

 

(188

)

%

 

$

1,237

 

 

 

10

 

%

 

$

14,156

 

 

 

32

 

%

Services

 

 

3,283

 

 

 

24

 

%

 

 

2,292

 

 

 

19

 

%

 

 

10,001

 

 

 

46

 

%

Total

 

$

(1,075

)

 

 

(7

)

%

 

$

3,529

 

 

 

15

 

%

 

$

24,157

 

 

 

37

 

%

 

 

 

Years ended December 31,

 

Segment income (loss) and Loss before income taxes

 

2021

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Equipment

 

$

(12,868

)

 

$

(7,640

)

 

$

51

 

Services

 

 

3,283

 

 

 

2,292

 

 

 

10,001

 

Total segment income (loss)

 

 

(9,585

)

 

 

(5,348

)

 

 

10,052

 

General and corporate

 

 

7,051

 

 

 

(20,110

)

 

 

(13,996

)

Loss before income taxes

 

$

(2,534

)

 

$

(25,458

)

 

$

(3,944

)

Schedule of Sales Data by Geographical Area

Sales are attributed to a geographical area based upon the location of the customer. Sales data by geographical area are as follows:

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

 

2021

 

 

Sales

 

 

 

2020

 

 

Sales

 

 

 

2019

 

 

Sales

 

 

 

 

(in thousands, except percentages)

 

 

Net Sales by Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

$

1,858

 

 

 

11

 

%

 

$

2,286

 

 

 

10

 

%

 

$

2,439

 

 

 

4

 

%

India

 

 

8,221

 

 

 

52

 

%

 

 

9,807

 

 

 

40

 

%

 

 

37,206

 

 

 

57

 

%

Japan

 

 

5,842

 

 

 

37

 

%

 

 

12,208

 

 

 

50

 

%

 

 

21,761

 

 

 

33

 

%

Taiwan

 

 

 

 

%

 

 

 

 

%

 

 

3,515

 

 

 

5

 

%

Other

 

 

 

 

%

 

 

9

 

 

 

%

 

 

702

 

 

 

1

 

%

Total

 

$

15,921

 

 

 

100

 

%

 

$

24,310

 

 

 

100

 

%

 

$

65,623

 

 

 

100

 

%

Schedule of Long-lived Assets, Consisting of Property, Plant and Equipment, by Geographical Area

Long-lived assets, consisting of property, plant and equipment, by geographical area are as follows:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

China

 

$

528

 

 

$

565

 

Other

 

 

74

 

 

 

55

 

Total long-lived assets

 

$

602

 

 

$

620