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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of operating segments |
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
COMPLEX MACHINING |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 12,423,000 |  |  | $ | 12,283,000 |  |  | $ | 31,795,000 |  |  | $ | 36,402,000 |
Gross Profit |  |  | 1,735,000 |  |  |  | 2,762,000 |  |  |  | 4,584,000 |  |  |  | 7,070,000 |
Pre Tax Income from continuing operations |  |  | 912,000 |  |  |  | 2,003,000 |  |  |  | 2,072,000 |  |  |  | 4,797,000 |
Assets |  |  | 52,963,000 |  |  |  | 45,033,000 |  |  |  | 52,963,000 |  |  |  | 45,033,000 |
TURBINE ENGINE COMPONENTS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | 1,239,000 |  |  |  | 1,714,000 |  |  |  | 3,808,000 |  |  |  | 4,841,000 |
Gross Profit (Loss) |  |  | (79,000 | ) |  |  | 201,000 |  |  |  | (133,000 | ) |  |  | 358,000 |
Pre Tax Loss from continuing operations |  |  | (251,000 | ) |  |  | (11,000 | ) |  |  | (594,000 | ) |  |  | (292,000 | )
Assets |  |  | 3,941,000 |  |  |  | 5,122,000 |  |  |  | 3,941,000 |  |  |  | 5,122,000 |
CORPORATE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Gross Profit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Pre Tax Loss from continuing operations |  |  | (1,138,000 | ) |  |  | (1,572,000 | ) |  |  | (3,895,000 | ) |  |  | (5,815,000 | )
Assets |  |  | 1,860,000 |  |  |  | 596,000 |  |  |  | 1,860,000 |  |  |  | 596,000 |
CONSOLIDATED |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | 13,662,000 |  |  |  | 13,997,000 |  |  |  | 35,603,000 |  |  |  | 41,243,000 |
Gross Profit |  |  | 1,656,000 |  |  |  | 2,963,000 |  |  |  | 4,451,000 |  |  |  | 7,428,000 |
Pretax net income (loss) from continuing operations |  |  | (477,000 | ) |  |  | 420,000 |  |  |  | (2,417,000 | ) |  |  | (1,310,000 | )
Provision for (benefit from) Income Taxes |  |  | - |  |  |  | 22,000 |  |  |  | (1,414,000 | ) |  |  | 22,000 |
Loss from Discontinued Operations, net of taxes |  |  | - |  |  |  | (211,000 | ) |  |  | - |  |  |  | (139,000 | )
Net Income (Loss) |  |  | (477,000 | ) |  |  | 187,000 |  |  |  | (1,003,000 | ) |  |  | (1,471,000 | )
Assets |  | $ | 58,764,000 |  |  | $ | 50,751,000 |  |  | $ | 58,764,000 |  |  | $ | 50,751,000 |

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