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SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENTS

The following table presents certain information regarding the Company’s segments as of and for the three months ended September 30, 2023 and 2022 (in thousands):

 

2023

                        
   CVD Equipment  

SDC

  

CVD

Materials

  

 

Eliminations

  

 

Corporate

  

 

Consolidated

 
Assets  $32,915   $4,237   $177   $(102)  $-   $37,227 
                               
Revenue  $4,795   $1,572   $90   $(223)  $-   $6,234 
Operating (loss) income   (323)   436    (35)   (76)   (992)   (990)
Pretax (loss) income   (262)   434    (31)   (76)   (818)   (753)
Depreciation and amortization  $137   $12   $4   $-   $-   $153 
Purchase of property, plant & equipment
  $83   $-   $-   $-   $-   $83 

 

2022                        
   CVD Equipment   SDC  

CVD

Materials

   Eliminations   Corporate   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    257    -    (615)   63 
Depreciation and amortization  $107   $12   $17   $-   $-   $136 
Purchase of property, plant & equipment **  $610   $-   $-   $-   $-   $610 

 

**Includes $0.4 million of purchased equipment financed with a loan.

 

 

NOTE 10: SEGMENT REPORTING (continued)

 

The following table presents certain information regarding the Company’s segments as of and for the nine months ended September 30, 2023 and 2022 (in thousands):

 

2023                        
   CVD Equipment  

 

SDC

  

CVD

Materials

  

 

Eliminations

  

 

Corporate

  

 

Consolidated

 
                         
Revenue  $13,774   $5,679   $1,099   $(554)  $-   $19,998 
Operating (loss) income   (581)   1,430    (178)*   (104)   (2,977)   (2,410)
Pretax (loss) income   (518)   1,430    (126)*   (104)   (2,577)   (1,895)
Depreciation and amortization  $404   $36   $105   $-   $-   $545 
Purchase of property, plant & equipment
  $298   $10   $-   $-   $-   $308 

 

2022

                        
   CVD Equipment  

 

SDC

  

CVD

Materials

  

 

Eliminations

  

 

Corporate

  

 

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    394    -    (1,903)   (1,772)
Depreciation and amortization  $439   $37   $62   $-   $-   $538 
Purchase of property, plant & equipment **  $1,038   $2   $30   $-   $-   $   1,070 

 

*Includes loss on sale of Tantaline of $0.2 million and an impairment charge related to MesoScribe fixed assets of $0.1 million.

 

**Includes $0.4 million of purchased equipment financed with a loan.