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Note 15 - Segment Reporting
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 15 – Segment Reporting


The Company adopted ASC 280, “Segment Reporting.” The Company operates through (2) segments, CVD and SDC. The CVD division is utilized for silicon, silicon germanium, silicon carbide and gallium arsenide processes. SDC is the Company’s ultra-high purity manufacturing division in Saugerties, New York. The accounting policies of CVD and SDC are the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates performance based on several factors, of which the primary financial measure is earnings before taxes.


The following table presents certain information regarding the Company’s segments as of December 31, 2014 and for the year then ended:


   

CVD

   

SDC

   

Eliminations

   

Consolidated

 

Assets

  $ 44,953,847     $ 4,733,926     $ (4,131,301 )   $ 45,556,472  
                                 

Revenue

  $ 23,831,036     $ 5,580,212     $ (1,420,785 )   $ 27,990,463  

Interest Expense

    100,829       8,589               109,418  

Depreciation and Amortization

    728,995       68,933               797,928  

Capital expenditures

    571,240       46,521               617,761  

Pretax (loss)/earnings

    (4,877,892 )      1,168,422               (3,709,470 )

The following table presents certain information regarding the Company’s segments as of December 31, 2013 and for the year then ended:


   

CVD

   

SDC

   

Eliminations

   

Consolidated

 

Assets

  $ 39,783,689     $ 6,334,352     $ (6,976,402 )   $ 39,141,639  
                                 

Revenue

  $ 13,136,083     $ 5,155,641     $ (407,797 )   $ 17,883,927  

Interest Expense

    162,914       824               163,738  

Depreciation and amortization

    571,046       75,376               646,422  

Capital expenditures

    1,954,621       116,936               2,071,557  

Pretax (loss)/earnings

    (2,697,114 )     740,384               (1,956,730 )