XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of operating segments |
|  | For the Three Months |  |  | For the Six Months |
|  | Ended June 30, |  |  | Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
COMPLEX MACHINING |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 13,783,000 |  |  | $ | 7,308,000 |  |  | $ | 25,949,000 |  |  | $ | 19,372,000 |
Gross Profit |  |  | 2,325,000 |  |  |  | 681,000 |  |  |  | 3,944,000 |  |  |  | 2,849,000 |
Income (Loss) before benefit from income taxes |  |  | 1,573,000 |  |  |  | (10,000 | ) |  |  | 2,553,000 |  |  |  | 1,160,000 |
Assets |  |  | 51,956,000 |  |  |  | 48,490,000 |  |  |  | 51,956,000 |  |  |  | 48,490,000 |
TURBINE ENGINE COMPONENTS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | 1,670,000 |  |  |  | 1,186,000 |  |  |  | 3,216,000 |  |  |  | 2,569,000 |
Gross Profit (Loss) |  |  | 278,000 |  |  |  | (67,000 | ) |  |  | 456,000 |  |  |  | (54,000 | )
Income (Loss) before benefit from income taxes |  |  | 114,000 |  |  |  | (217,000 | ) |  |  | 99,000 |  |  |  | (343,000 | )
Assets |  |  | 3,471,000 |  |  |  | 4,430,000 |  |  |  | 3,471,000 |  |  |  | 4,430,000 |
CORPORATE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Gross Profit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loss before benefit from income taxes |  |  | (1,448,000 | ) |  |  | (1,357,000 | ) |  |  | (2,565,000 | ) |  |  | (2,757,000 | )
Assets |  |  | 823,000 |  |  |  | 1,808,000 |  |  |  | 823,000 |  |  |  | 1,808,000 |
CONSOLIDATED |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | 15,453,000 |  |  |  | 8,494,000 |  |  |  | 29,165,000 |  |  |  | 21,941,000 |
Gross Profit |  |  | 2,603,000 |  |  |  | 614,000 |  |  |  | 4,400,000 |  |  |  | 2,795,000 |
Income (Loss) before benefit from income taxes |  |  | 239,000 |  |  |  | (1,584,000 | ) |  |  | 87,000 |  |  |  | (1,940,000 | )
Benefit from Income Taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,414,000 | )
Net Income (loss) |  |  | 239,000 |  |  |  | (1,584,000 | ) |  |  | 87,000 |  |  |  | (526,000 | )
Assets |  | $ | 56,250,000 |  |  | $ | 54,728,000 |  |  | $ | 56,250,000 |  |  | $ | 54,728,000 |

X
- 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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration