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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of reporting segments |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
COMPLEX MACHINING |  |  |  |  |  |
Net Sales |  | $ | 52,921,000 |  |  | $ | 44,659,000 |
Gross Profit |  |  | 9,780,000 |  |  |  | 6,493,000 |
Income before benefit from income taxes |  |  | 7,146,000 |  |  |  | 4,965,000 |
Assets |  |  | 49,691,000 |  |  |  | 51,368,000 |
TURBINE ENGINE COMPONENTS |  |  |  |  |  |  |  |
Net Sales |  |  | 6,018,000 |  |  |  | 5,438,000 |
Gross Profit |  |  | 473,000 |  |  |  | 19,000 |
Loss before benefit from income taxes |  |  | (229,000 | ) |  |  | (31,000 | )
Assets |  |  | 3,275,000 |  |  |  | 3,899,000 |
CORPORATE |  |  |  |  |  |  |  |
Net Sales |  |  | - |  |  |  | - |
Gross Profit |  |  | - |  |  |  | - |
Loss before benefit from income taxes |  |  | (5,290,000 | ) |  |  | (5,020,000 | )
Assets |  |  | 459,000 |  |  |  | 2,510,000 |
CONSOLIDATED |  |  |  |  |  |  |  |
Net Sales |  |  | 58,939,000 |  |  |  | 50,097,000 |
Gross Profit |  |  | 10,253,000 |  |  |  | 6,512,000 |
Income (Loss) before benefit from income taxes |  |  | 1,627,000 |  |  |  | (86,000 | )
Benefit from Income Taxes |  |  | - |  |  |  | (1,412,000 | )
Loss from Discontinued Operations, net of taxes |  |  | - |  |  |  | (230,000 | )
Net Income |  |  | 1,627,000 |  |  |  | 1,096,000 |
Assets |  | $ | 53,425,000 |  |  | $ | 57,777,000 |

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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 + Details
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