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Segment Reporting (Tables)

9 Months Ended

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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- 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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