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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of operating segments

		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2020				2019				2020				2019
		(unaudited)				(unaudited)				(unaudited)				(unaudited)
COMPLEX MACHINING
Net Sales		$	7,308,000			$	11,701,000			$	19,372,000			$	24,119,000
Gross Profit			681,000				2,095,000				2,849,000				4,308,000
Pre Tax (Loss) Income from continuing operations			(10,000	)			1,351,000				1,160,000				2,794,000
Assets			48,490,000				47,176,000				48,490,000				47,176,000
TURBINE ENGINE COMPONENTS
Net Sales			1,186,000				1,667,000				2,569,000				3,127,000
Gross (Loss) Profit			(67,000	)			96,000				(54,000	)			157,000
Pre Tax Loss from continuing operations			(217,000	)			(111,000	)			(343,000	)			(281,000	)
Assets			4,430,000				5,575,000				4,430,000				5,575,000
CORPORATE
Net Sales			-				-				-				-
Gross Profit			-				-				-				-
Pre Tax Loss from continuing operations			(1,357,000	)			(1,975,000	)			(2,757,000	)			(4,243,000	)
Assets			1,808,000				568,000				1,808,000				568,000
CONSOLIDATED
Net Sales			8,494,000				13,368,000				21,941,000				27,246,000
Gross Profit			614,000				2,191,000				2,795,000				4,465,000
Pretax net loss from continuing operations			(1,584,000	)			(735,000	)			(1,940,000	)			(1,730,000	)
Benefit from Income Taxes			-				-				(1,414,000	)			-
Income from Discontinued Operations, net of taxes			-				-				-				72,000
Net Loss			(1,584,000	)			(735,000	)			(526,000	)			(1,658,000	)
Assets		$	54,728,000			$	53,319,000			$	54,728,000			$	53,319,000

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

+ Details

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