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Note 14 - Segment Reporting

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

1

4

– 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. Included in the CVD division are our wholly owned subsidiaries, CVD Tantaline Aps and CVD Mesoscribe Technologies Corporation. There was

no

significant revenue from either entity, although we incurred approximately

$1.2

million in start-up costs.

The following table presents certain information regarding the Company

’s segments as of

December 31, 2017

and for the year then ended:

		CVD				SDC				Eliminations				Consolidated
Assets		$	54,387,955			$	4,902,027			$	(311,732	)		$	58,978,250
Revenue		$	35,697,372			$	7,426,890			$	(1,995,623	)		$	41,128,639
Interest Expense			106,280				--								106,280
Depreciation and Amortization			804,900				62,377								867,277
Capital expenditures			14,888,801				1,383								14,890,184
Pretax earnings/(loss)			5,227,131				1,968,224								7,195,355

The following table presents certain information regarding the Company

’s segments as of

December 31, 2016

and for the year then ended:

		CVD				SDC				Eliminations				Consolidated
Assets		$	43,300,131			$	4,558,111			$	(2,253,550	)		$	45,604,692
Revenue		$	18,568,132			$	2,934,831			$	(547,616	)		$	20,955,347
Interest Expense			78,322				1,539								79,861
Depreciation and Amortization			750,680				62,978								813,658
Capital expenditures			606,643				5,850								612,493
Pretax (loss)/earnings			(211,576	)			(441,610	)							(653,186	)

X

- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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