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Note 12 - Segment Reporting | 9 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
NOTE 12: | SEGMENT REPORTING
The Company operates through three segments: CVD Equipment (“CVD”), Stainless Design Concepts (“SDC”) and CVD Materials (“Materials”). The CVD segment manufactures and sells chemical vapor deposition equipment. SDC is the Company’s ultra-high purity manufacturing division for gas control systems. The Materials segment provides 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 (loss) before taxes. The Company’s corporate administration activities are reported in the “Eliminations and Unallocated” 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 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.
Elimination entries included in the “Eliminations and Unallocated” column represent intersegment revenues and cost of revenues that are eliminated in consolidation. Intersegment sales for the three months ended September 30, 2022 and 2021 by the SDC segment to the CVD Equipment segment were 72,409 and $6,882, respectively. Intersegment sales for the nine months ended September 30, 2022 and 2021 by the SDC segment to the CVD Equipment segment were $497,306 and $121,920, respectively. Three months ended September 30, (In thousands)
|  |  |  |  |  |  |  |  |  |  |  |  |  | Eliminations |  |  |  |  |
2022 |  | CVD |  |  | SDC |  |  | Materials |  |  | and Unallocated |  |  | Consolidated |
Assets |  | $ | 22,415 |  |  | $ | 8,800 |  |  | $ | 2,345 |  |  | $ | 42 |  |  | $ | 33,602 |
Revenue |  |  | 5,718 |  |  |  | 1,663 |  |  |  | 809 |  |  |  | (71 | ) |  |  | 8,119 |
Operating (loss) income |  |  | (32 | ) |  |  | 448 |  |  |  | 365 |  |  |  | (659 | ) |  |  | 122 |
Pretax (loss) income |  |  | (27 | ) |  |  | 448 |  |  |  | 258 |  |  |  | (615 | ) |  |  | 64 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | $ | 27,248 |  |  | $ | 7,053 |  |  | $ | 1,655 |  |  | $ | 2 |  |  | $ | 35,958 |
Revenue |  |  | 2,074 |  |  |  | 1,326 |  |  |  | 937 |  |  |  | (7 | ) |  |  | 4,330 |
Operating (loss) income |  |  | (911 | ) |  |  | 275 |  |  |  | 441 |  |  |  | (727 | ) |  |  | (922 | )
Pretax (loss) income |  |  | (920 | ) |  |  | 275 |  |  |  | 7,373 | (1) |  |  | (727 | ) |  |  | 6,001 |
Nine months ended September 30, (In thousands)
|  |  |  |  |  |  |  |  |  |  |  |  |  | Eliminations |  |  |  |  |
2022 |  | CVD |  |  | SDC |  |  | Materials |  |  | and Unallocated |  |  | Consolidated |
Revenue |  |  | 12,324 |  |  |  | 4,669 |  |  |  | 2,083 |  |  |  | (497 | ) |  |  | 18,579 |
Operating (loss) income |  |  | (1,391 | ) |  |  | 1,117 |  |  |  | 642 |  |  |  | (1,970 | ) |  |  | (1,602 | )
Pretax (loss) income |  |  | (1,380 | ) |  |  | 1,117 |  |  |  | 392 |  |  |  | (1,903 | ) |  |  | (1,772 | )
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  | 5,884 |  |  |  | 3,314 |  |  |  | 2,654 |  |  |  | (122 | ) |  |  | 11,730 |
Operating (loss) income |  |  | (2,664 | ) |  |  | 637 |  |  |  | 828 |  |  |  | (2,425 | ) |  |  | (3,624 | )
Pretax (loss) income |  |  | (259 | )(2) |  |  | 637 |  |  |  | 8,014 | (1) |  |  | (2,425 | ) |  |  | 5,967 |
| (1) | Materials segment includes a gain on the sale of building in the amount of $6,894,109 for the nine months ended September 30, 2021.
| (2) | CVD segment includes a gain on the forgiveness of the PPP loan for the nine months ended September 30, 2021.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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