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Note 11 - Segment Reporting
 6 Months Ended
Jun. 30, 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
June
3
0
,
(
In
thousands
)
 
                           
Eliminations* and
          
2019
  
CVD
    
SDC
    
Materials
    
Unallocated
    
Consolidated
  
Assets
   $
37,016
     $
5,581
     $
6,728
     $
(9
 )   $
49,316
  
                                         
Revenue
    
3,194
      
1,591
      
542
      
(409
 )    
4,918
  
Operating income/(loss)
    
(1,021
 )    
508
      
(130
 )    
(900
 )    
(1,543
 )
Pretax income/(loss)
    
(1,013
 )    
515
      
(229
 )    
(900
 )    
(1,627
 )
                                         
201
8
                                        
Assets
   $
37,403
     $
3,481
     $
17,481
     $
(9
 )   $
58,356
  
                                         
Revenue
    
5,635
      
844
      
358
      
(402
 )    
6,435
  
Operating income/(loss)
    
145
      
(243
 )    
(627
 )    
(655
 )    
(1,380
 )
Pretax income/(loss)
    
145
      
(243
 )    
(627
 )    
(745
 )    
(1,470
 )
 
 
Six Months Ended
June 30,
(In thousands)
 
                           
Eliminations* and
          
2019
  
CVD
    
SDC
    
Materials
    
Unallocated
    
Consolidated
  
                                         
Revenue
   $
5,213
     $
2,678
     $
970
     $
(466
 )   $
8,395
  
Operating income/(loss)
    
(2,558
 )    
682
      
(328
 )    
(1,904
 )    
(4,108
 )
Pretax income/(loss)
    
(2,522
 )    
691
      
(525
 )    
(1,904
 )    
(4,260
 )
                                         
2018
                                        
                                         
Revenue
   $
12,341
     $
3,104
     $
730
     $
(586
 )   $
15,589
  
Operating income/(loss)
    
1,482
      
488
      
(1,140
 )    
(1,299
 )    
(469
 )
Pretax income/(loss)
    
1,482
      
488
      
(1,140
 )    
(1,493
 )    
(663
 )
 
*All elimination entries represent intersegment revenues eliminated in consolidation for external financial reporting.