XML 28 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 12 - Segment Reporting
 9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE
12:
     SEGMENT REPORTING
 
The Company operates through
three
(
3
) segments, CVD Equipment Corporation (“CVD”), Stainless Design Concepts (“SDC”) and CVD Materials Corporation (“Materials”). The CVD segment is utilized for chemical vapor deposition equipment manufacturing. SDC is the Company’s ultra-high purity manufacturing division in Saugerties, New York for gas control systems. Materials is our new segment, based on recent acquisitions, for providing materials coatings for aerospace, medical, electronic and other applications. The Company evaluates performance based on several factors, of which the primary financial measure is income or (loss) before taxes.
 
The Company’s corporate administration activities are reported in the Corporate column. These activities primarily include expenses related to certain corporate officers and support staff, expenses related to the Company’s Board of Directors, stock option expenses for shares granted to corporate administration employees, certain consulting expenses, investor and shareholder relations activities, interest on mortgages and the Company’s legal, auditing and professional fee expenses.
 
 
Three Months
Ended
September 30,
(In thousands)
 
2018
                                                
   
CVD
    
SDC
    
Materials
    
Corporate
    
Eliminations *
    
Consolidated
  
Assets
   $
39,792
     $
6,288
     $
17,429
     $
1,925
      
(10,024
 )   $
55,410
  
                                                 
Revenue
    
2,542
      
1,047
      
526
      
 
      
(87
 )    
4,028
  
Operating (loss)/income
    
(1,835
 )    
125
      
(343
 )    
(801
 )    
 
      
(2,854
 )
Pretax (loss)/income
    
(1,850
 )    
125
      
(442
 )    
(760
 )    
 
      
(2,927
 )
                                                 
2017
                                                
Assets
   $
39,663
     $
5,977
     $
 
     $
1,952
      
(1,789
 )   $
45,803
  
                                                 
Revenue
    
8,863
      
2,549
      
 
      
 
      
(580
 )    
10,832
  
Operating income/(loss)
    
1,606
      
848
      
 
      
(550
 )    
 
      
1,904
  
Pretax tax income/(loss)
    
1,606
      
848
      
 
      
(550
 )    
 
      
1,904
  
 
 
Nine Months
Ended
September 30,
(In thousands)
 
2018
                                                
   
CVD
    
SDC
    
Materials
    
Corporate
    
Eliminations *
    
Consolidated
  
Revenue
   $
14,883
     $
4,151
     $
1,256
     $
 
      
(673
 )   $
19,617
  
Operating (loss)/income
    
(212
 )    
535
      
(1,505
 )    
(2,140
 )    
 
      
(3,322
 )
Pretax (loss)/income
  
 
(266
 )    
535
      
(1,806
 )    
(2,053
 )    
 
      
(3,590
 )
                                                 
2017
                                                
Revenue
   $
26,848
     $
6,361
     $
 
     $
(1,896
 )    
 
     $
31,313
  
Operating income/(loss)
    
4,604
      
2,384
      
 
      
(1,551
 )    
 
      
5,437
  
Pretax tax income/(loss)
    
4,604
      
2,384
      
 
      
(1,545
 )    
 
      
5,443
  
 
*All elimination entries represent intersegment transactions eliminated in consolidation for external financial reporting.