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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of operating segments |
|  | For the Three Months |  |  | For the Nine Months |
|  | Ended September 30, |  |  | Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
COMPLEX MACHINING |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 13,043,000 |  |  | $ | 12,423,000 |  |  | $ | 38,992,000 |  |  | $ | 31,795,000 |
Gross Profit |  |  | 2,022,000 |  |  |  | 1,735,000 |  |  |  | 5,966,000 |  |  |  | 4,584,000 |
Income before benefit from income taxes |  |  | 1,420,000 |  |  |  | 912,000 |  |  |  | 3,973,000 |  |  |  | 2,072,000 |
Assets |  |  | 49,275,000 |  |  |  | 52,963,000 |  |  |  | 49,275,000 |  |  |  | 52,963,000 |
TURBINE ENGINE COMPONENTS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | 1,311,000 |  |  |  | 1,239,000 |  |  |  | 4,527,000 |  |  |  | 3,808,000 |
Gross (loss) Profit |  |  | (8,000 | ) |  |  | (79,000 | ) |  |  | 448,000 |  |  |  | (133,000 | )
Loss before benefit from income taxes |  |  | (119,000 | ) |  |  | (251,000 | ) |  |  | (20,000 | ) |  |  | (594,000 | )
Assets |  |  | 3,443,000 |  |  |  | 3,941,000 |  |  |  | 3,443,000 |  |  |  | 3,941,000 |
CORPORATE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Gross Profit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loss before benefit from income taxes |  |  | (1,367,000 | ) |  |  | (1,138,000 | ) |  |  | (3,932,000 | ) |  |  | (3,895,000 | )
Assets |  |  | 803,000 |  |  |  | 1,860,000 |  |  |  | 803,000 |  |  |  | 1,860,000 |
CONSOLIDATED |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  |  | 14,354,000 |  |  |  | 13,662,000 |  |  |  | 43,519,000 |  |  |  | 35,603,000 |
Gross Profit |  |  | 2,014,000 |  |  |  | 1,656,000 |  |  |  | 6,414,000 |  |  |  | 4,451,000 |
(Loss) Income before benefit from income taxes |  |  | (66,000 | ) |  |  | (477,000 | ) |  |  | 21,000 |  |  |  | (2,417,000 | )
Benefit from Income Taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,414,000 | )
Net (Loss) Income |  |  | (66,000 | ) |  |  | (477,000 | ) |  |  | 21,000 |  |  |  | (1,003,000 | )
Assets |  | $ | 53,521,000 |  |  | $ | 58,764,000 |  |  | $ | 53,521,000 |  |  | $ | 58,764,000 |

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