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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

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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=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

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X

- References

No definition available.

+ Details

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