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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT INFORMATION

The following provides segment information as described below (in thousands):

 SCHEDULE OF SEGMENT INFORMATION

		CVD				SDC				MesoScribe				Total
		For the three months ended June 30, 2025
		CVD				SDC				MesoScribe				Total
Segment revenue		$	3,403			$	1,734			$	9			$	5,146
Less:
Cost of revenue			(2,928	)			(1,142	)			(3	)			(4,073	)
Research and development			(639	)			(47	)			-				(686	)
Selling			(282	)			(67	)			-				(349	)
General and administrative			(169	)			(247	)			-				(416	)
Other expense
Interest expense			(3	)			-				-				(3	)
Segment net income (loss)		$	(618	)		$	231			$	6			$	(381	)
Segment assets		$	20,022			$	3,923			$	-			$	23,945
Capital expenditures		$	4			$	-			$	-			$	4
Depreciation and amortization		$	156			$	13			$	-			$	169

		CVD				SDC				MesoScribe				Total
		For the three months ended June 30, 2024
		CVD				SDC				MesoScribe				Total
Segment revenue		$	4,107			$	2,315			$	55			$	6,477
Less:
Cost of revenue			(3,586	)			(1,285	)			(64	)			(4,935	)
Research and development			(599	)			(66	)			-				(665	)
Selling			(375	)			(51	)			-				(426	)
General and administrative			(257	)			(198	)			(36	)			(491	)
Other expense			(4	)			-				-				(4	)
Interest expense			(4	)			-				-				(4	)
Segment net income (loss)		$	(718	)		$	715			$	(45	)		$	(48	)
Segment assets		$	19,460			$	4,310			$	222			$	23,992
Capital expenditures		$	108			$	4			$	-			$	112
Depreciation and amortization		$	142			$	12			$	-			$	154

NOTE 10: SEGMENT REPORTING (continued)

The following provides segment information as described below (in thousands):

		CVD				SDC				MesoScribe				Total
		For the six months ended June 30, 2025
		CVD				SDC				MesoScribe				Total
Segment revenue		$	9,718			$	3,876			$	31			$	13,625
Less:
Cost of revenue			(7,458	)			(2,394	)			(4	)			(9,856	)
Research and development			(1,373	)			(94	)			-				(1,467	)
Selling			(649	)			(120	)			-				(769	)
General and administrative			(345	)			(449	)			-				(794	)
Interest expense			(7	)			-				-				(7	)
Segment net income		$	(114	)		$	819			$	27			$	732
Capital expenditures		$	43			$	6			$	-			$	49
Depreciation and amortization		$	328			$	26			$	-			$	354

		CVD				SDC				MesoScribe				Total
		For the six months ended June 30, 2024
		CVD				SDC				MesoScribe				Total
Segment revenue		$	7,054			$	4,246			$	114			$	11,414
Less:
Cost of revenue			(6,650	)			(2,301	)			(137	)			(9,088	)
Research and development			(1,276	)			(134	)			-				(1,410	)
Selling			(747	)			(98	)			-				(845	)
General and administrative			(475	)			(368	)			(48	)			(891	)
Other income			1				-				-				1
Other income (expense)			1				-				-				1
Interest expense			(10	)			-				-				(10	)
Segment net income		$	(2,103	)		$	1,345			$	(71	)		$	(829	)
Segment net income (loss)		$	(2,103	)		$	1,345			$	(71	)		$	(829	)
Capital expenditures		$	178			$	4			$	-			$	182
Depreciation and amortization		$	283			$	24			$	-			$	307

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 thousands):

 SCHEDULE OF RECONCILIATION OF NET INCOME (LOSS) OF REPORTABLE SEGMENTS TO CONSOLIDATED NET LOSS

		2025				2024				2025				2024
		Three months ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
Net income (loss) of reportable segments		$	(381	)		$	(48	)		$	732			$	(829	)
Unallocated amounts:
Corporate expenses			(762	)			(858	)			(1,609	)			(1,706	)
Interest income			82				145				192				302
Income tax (expense) benefit			-				-				(16	)			-
Consolidated net loss		$	(1,061	)		$	(761	)		$	(701	)		$	(2,233	)

SCHEDULE OF REVENUE BY GEOGRAPHIC AREA

The following table presents revenue by geographic area (in thousands):

 SCHEDULE OF REVENUE BY GEOGRAPHIC AREA

		2025				2024				2025				2024
		Three months ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
United States		$	4,630			$	5,822			$	12,585			$	10,143
North America, excluding US			-				16				3				16
Europe, Middle East and Africa			386				220				564				343
Asia-Pacific			95				287				275				765
Consolidated total revenue		$	5,111			$	6,345			$	13,427			$	11,267

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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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.

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