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Information Concerning Industry Segments And Major Customers | 12 Months Ended
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Dec. 31, 2013
Information Concerning Industry Segments And Major Customers [Abstract] |
Information Concerning Industry Segments And Major Customers | NOTE 12- INFORMATION CONCERNING INDUSTRY SEGMENTS AND MAJOR CUSTOMERS T he Company classifies its businesses into three segments as follows:
| · |  | Suttle manufactures and markets copper and fiber connectivity systems, enclosure systems, xDSL filters and splitters, and active technologies for voice, data and video communications;
| · |  | Transition Networks manufactures network interface devices (NIDs), media converters, network interface cards (NICs), Ethernet switches and other connectivity products that offer the ability to affordably integrate the benefits of fiber optics into any data network; and
| · |  | JDL Technologies provides technology solutions including virtualization, managed services, wired and wireless network design and implementation services, and converged infrastructure configuration and deployment.
Non-allocated corporate general and administrative expenses are categorized as “Other” in the Company’s segment reporting. Management has chosen to organize the enterprise and disclose reportable segments based on products and services. There are no material intersegment revenues. Suttle products are sold principally to U.S. customers. Suttle operates manufacturing facilities in the U.S. and Costa Rica. Net long-lived assets held in foreign countries were approximately $1,225,000 and $1,067,000 at December 31, 2013 and 2012, respectively. Transition Networks manufactures its products in the United States and makes sales in both the U.S. and international markets. JDL Technologies operates in the U.S. and makes sales in the U.S. Consolidated sales to U.S. customers were approximately 87%, 83% and 85% of sales from continuing operations in 2013, 2012 and 2011 respectively. In 2013, sales to one of JDL Technologies’ customers accounted for 17.5% of consolidated sales and one of Suttle’s customers accounted for 18.7% of consolidated sales. In 2012, sales to one of Transition Networks’ customers accounted for 10.6% of consolidated sales and one of Suttle’s customers accounted for 16.6% of consolidated sales. In 2011, sales to one of Transition Networks’ customers accounted for 22.8% of consolidated sales. Information concerning the Company’s operations in the various segments for the twelve-month periods ended December 31, 2013, 2012 and 2011 is as follows:
|  |  |  | Transition |  | JDL |  |  |  |
|  | Suttle |  | Networks |  | Technologies |  | Other |  | Total
2013 |  |  |  |  |  |  |  |  |  |
Sales | $ | 54,346,428 | $ | 43,856,640 | $ | 33,116,442 | $ | - | $ | 131,319,510
Cost of sales |  | 38,534,823 |  | 21,438,115 |  | 26,448,044 |  | - |  | 86,420,982
Gross profit |  | 15,811,605 |  | 22,418,525 |  | 6,668,398 |  | - |  | 44,898,528
Selling, general and |  |  |  |  |  |  |  |  |  |
administrative expenses |  | 10,354,176 |  | 19,764,937 |  | 2,628,999 |  | 3,994,757 |  | 36,742,869
Impairment |  |  |  | 5,849,853 |  |  |  |  |  | 5,849,853
Restructuring expense |  | - |  | 514,714 |  | - |  | 634,725 |  | 1,149,439
Operating income (loss) | $ | 5,457,429 | $ | (3,710,979) | $ | 4,039,399 | $ | (4,629,482) | $ | 1,156,367
Depreciation and amortization | $ | 860,896 | $ | 755,094 | $ | 53,484 | $ | 515,356 | $ | 2,184,830
Capital expenditures | $ | 1,215,394 | $ | 919,376 | $ | 46,014 | $ | 518,563 | $ | 2,699,347
Assets | $ | 30,636,805 | $ | 29,440,438 | $ | 11,350,381 | $ | 32,105,117 | $ | 103,532,741
|  |  |  | Transition |  | JDL |  |  |  |
|  | Suttle |  | Networks |  | Technologies |  | Other |  | Total
2012 |  |  |  |  |  |  |  |  |  |
Sales | $ | 45,030,184 | $ | 53,842,940 | $ | 5,376,530 | $ | - | $ | 104,249,654
Cost of sales |  | 33,056,579 |  | 25,848,307 |  | 3,847,877 |  | - |  | 62,752,763
Gross profit |  | 11,973,605 |  | 27,994,633 |  | 1,528,653 |  | - |  | 41,496,891
Selling, general and |  |  |  |  |  |  |  |  |  |
administrative expenses |  | 9,370,737 |  | 22,106,199 |  | 2,183,798 |  | 4,440,039 |  | 38,100,773
Operating income (loss) | $ | 2,602,868 | $ | 5,888,434 | $ | (655,145) | $ | (4,440,039) | $ | 3,396,118
Depreciation and amortization | $ | 925,149 | $ | 815,259 | $ | 103,109 | $ | 289,994 | $ | 2,133,511
Capital expenditures | $ | 1,167,495 | $ | 412,568 | $ | 36,891 | $ | 991,004 | $ | 2,607,958
Assets | $ | 26,148,148 | $ | 35,851,189 | $ | 8,385,337 | $ | 42,149,971 | $ | 112,534,645
|  |  |  | Transition |  | JDL |  |  |  |
|  | Suttle |  | Networks |  | Technologies |  | Other |  | Total
2011 |  |  |  |  |  |  |  |  |  |
Sales | $ | 39,924,484 | $ | 91,450,014 | $ | 12,400,553 | $ | - | $ | 143,775,051
Cost of sales |  | 30,792,769 |  | 46,825,149 |  | 7,262,006 |  | - |  | 84,879,924
Gross profit |  | 9,131,715 |  | 44,624,865 |  | 5,138,547 |  | - |  | 58,895,127
Selling, general and |  |  |  |  |  |  |  |  |  |
administrative expenses |  | 8,217,766 |  | 23,730,729 |  | 1,982,353 |  | 6,177,373 |  | 40,108,221
Impairment |  | 1,271,986 |  |  |  |  |  |  |  | 1,271,986
Operating income (loss) | $ | (358,037) | $ | 20,894,136 | $ | 3,156,194 | $ | (6,177,373) | $ | 17,514,920
Depreciation and amortization | $ | 946,256 | $ | 755,789 | $ | 106,622 | $ | 292,068 | $ | 2,100,735
Capital expenditures | $ | 935,030 | $ | 1,028,941 | $ | 51,789 | $ | 740,231 | $ | 2,755,991
Assets | $ | 27,914,301 | $ | 33,589,083 | $ | 1,844,572 | $ | 53,310,960 | $ | 116,658,916

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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