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v3.25.1

Reportable Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segments | The following provides segment information as described below (in thousands): Schedule of Segments
|  | CVD |  |  | SDC |  |  | MesoScribe |  |  | Total |
|  | For the year ended December 31, 2024 |
|  | CVD |  |  | SDC |  |  | MesoScribe |  |  | Total |
Segment revenue |  | $ | 18,288 |  |  | $ | 8,444 |  |  | $ | 778 |  |  | $ | 27,510 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  |  | 16,158 |  |  |  | 4,749 |  |  |  | 272 |  |  |  | 21,179 |
Research & development |  |  | 2,398 |  |  |  | 229 |  |  |  | - |  |  |  | 2,627 |
Selling |  |  | 1,456 |  |  |  | 195 |  |  |  | 5 |  |  |  | 1,656 |
General & administrative |  |  | 1,064 |  |  |  | 709 |  |  |  | 84 |  |  |  | 1,857 |
Gain on sales of equipment |  |  | (42 | ) |  |  | - |  |  |  | (675 | ) |  |  | (717 | )
Impairment charge |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other income |  |  | (2 | ) |  |  | - |  |  |  | - |  |  |  | (2 | )
Interest expense |  |  | 19 |  |  |  | - |  |  |  | - |  |  |  | 19 |
Segment net income (loss) |  | $ | (2,763 | ) |  | $ | 2,562 |  |  | $ | 1,092 |  |  | $ | 891 |
Segment assets |  | $ | 15,903 |  |  | $ | 3,129 |  |  | $ | 627 |  |  | $ | 19,659 |
Capital expenditures |  | $ | 69 |  |  | $ | 37 |  |  | $ | - |  |  | $ | 106 |
Depreciation & amortization |  | $ | 635 |  |  | $ | 49 |  |  | $ | - |  |  | $ | 684 |
|  | CVD |  |  | SDC |  |  | MesoScribe |  |  | Total |
|  | For the year ended December 31, 2023 |
|  | CVD |  |  | SDC |  |  | MesoScribe |  |  | Total |
Segment revenue |  | $ | 16,334 |  |  | $ | 7,139 |  |  | $ | 722 |  |  | $ | 24,195 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  |  | 14,408 |  |  |  | 4,313 |  |  |  | 507 |  |  |  | 19,228 |
Research & development |  |  | 2,288 |  |  |  | 299 |  |  |  | 5 |  |  |  | 2,592 |
Selling |  |  | 1,414 |  |  |  | 172 |  |  |  | - |  |  |  | 1,586 |
General & administrative |  |  | 1,085 |  |  |  | 679 |  |  |  | 70 |  |  |  | 1,834 |
Impairment charge |  |  | - |  |  |  | - |  |  |  | 111 |  |  |  | 111 |
Other income |  |  | (86 | ) |  |  | - |  |  |  | - |  |  |  | (86 | )
Interest expense |  |  | 23 |  |  |  | - |  |  |  | - |  |  |  | 23 |
Segment net income (loss) |  | $ | (2,798 | ) |  | $ | 1,676 |  |  | $ | 29 |  |  | $ | (1,093 | )
Segment assets |  | $ | 19,112 |  |  | $ | 3,468 |  |  | $ | 211 |  |  | $ | 22,791 |
Capital expenditures |  | $ | 404 |  |  | $ | 14 |  |  | $ | - |  |  | $ | 418 |
Depreciation & amortization |  | $ | 620 |  |  | $ | 49 |  |  | $ | 59 |  |  | $ | 728 |
Schedule of Reconciliation of Revenue of Reportable Segments to Consolidated Revenue | The following table presents a reconciliation of revenue of reportable segments to consolidated revenue (in thousands): Schedule of Reconciliation of Revenue of Reportable Segments to Consolidated Revenue
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Revenue of reportable segments |  | $ | 27,510 |  |  | $ | 24,195 |
Other - Tantaline |  |  | - |  |  |  | 462 |
Intersegment revenue |  |  | (634 | ) |  |  | (548 | )
Consolidated total revenue |  | $ | 26,876 |  |  | $ | 24,109 |
Schedule of Reconciliation of Net Income (Loss) of Reportable Segments to Consolidated Net Loss | The following table presents a reconciliation of net income (loss) of reportable segments to consolidated net loss (in thousand): Schedule of Reconciliation of Net Income (Loss) of Reportable Segments to Consolidated Net Loss
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Net income (loss) of reportable segments |  | $ | 891 |  |  | $ | (1,093 | )
Unallocated amounts: |  |  |  |  |  |  |  |
Corporate expenses |  |  | (3,324 | ) |  |  | (3,503 | )
Other - Tantaline |  |  | - |  |  |  | (175 | )
Unallocated amounts |  |  | - |  |  |  | (175 | )
Interest income |  |  | 559 |  |  |  | 577 |
Income tax (expense) benefit |  |  | (24 | ) |  |  | 14 |
Consolidated net loss |  | $ | (1,898 | ) |  | $ | (4,180 | )
Schedule of Reconciliation of Total Assets of Reportable Segments to Consolidated Total Assets | The following table presents a reconciliation of total assets of reportable segments to consolidated total assets (in thousands): Schedule of Reconciliation of Total Assets of Reportable Segments to Consolidated Total Assets
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Total assets of reportable segments |  | $ | 19,659 |  |  | $ | 22,791 |
Unallocated amounts: |  |  |  |  |  |  |  |
Cash equivalents |  |  | 11,892 |  |  |  | 12,099 |
Other current assets |  |  | 135 |  |  |  | 135 |
Consolidated total assets |  | $ | 31,686 |  |  | $ | 35,025 |
Schedule of Revenue by Geographic Area | The following table presents a revenue by geographic area (in thousands): Schedule of Revenue by Geographic Area
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
United States |  | $ | 25,720 |  |  | $ | 19,975 |
North America, excluding US |  |  | 65 |  |  |  | 56 |
Europe, Middle East and Africa |  |  | 521 |  |  |  | 1,508 |
Asia-Pacific |  |  | 570 |  |  |  | 2,570 |
Consolidated total revenue |  | $ | 26,876 |  |  | $ | 24,109 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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