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Note 11 - Segment Reporting
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE
11:
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 quartzware and material 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 Eliminations and Unallocated column. These activities primarily include intercompany profit, expenses related to certain corporate officers and support staff, expenses related to the Company’s Board of Directors, stock option expense for shares granted to corporate administration employees, certain consulting expenses, investor and shareholder relations activities, and all of the Company’s legal, auditing and professional fees, and interest expense.
 
Three Months Ended
March 31,
(
In
thousands
)
 
                           
Eliminations and
          
2019
  
CVD
    
SDC
    
Materials
    
Unallocated
    
Consolidated
  
Assets
   $
38,604
     $
5,182
     $
6,851
     $
(9
 )   $
50,628
  
                                         
Revenue
    
2,019
      
1,087
      
429
      
(66
 )    
3,469
  
Operating income/(loss)
    
(1,540
 )    
174
      
(198
 )    
(1,001
 )    
(2,565
 )
Pretax income/(loss)
    
(1,511
 )    
176
      
(296
 )    
(1,002
 )    
(2,633
 )
                                         
201
8
                                        
Assets
   $
47,397
     $
6,463
     $
6,790
     $
(9
 )   $
60,641
  
                                         
Revenue
    
6,705
      
2,260
      
372
      
(183
 )    
9,154
  
Operating income/(loss)
    
1,515
      
718
      
(303
 )    
(1,019
 )    
911
  
Pretax income/(loss)
    
1,624
      
718
      
(517
 )    
(1,019
 )    
806
  
 
*All elimination entries represent intersegment revenues eliminated in consolidation for external financial reporting.