Note 15 - Industry Segments

12 Months Ended

Dec. 31, 2012

Segment Reporting Disclosure [Text Block]

15.    INDUSTRY SEGMENTS

Our consolidated subsidiaries are involved in two industry segments: Information Technology Products and Services and Industrial Products. Operations in Information Technology Products and Services involve development and sales of software licenses as well as providing financial transaction processing services, professional services and software maintenance and support services by our CoreCard Software subsidiary. Operations in the Industrial Product segment include the manufacture and sale of bio-remediating parts washers and related consumable supplies by our ChemFree subsidiary. Total revenue by industry segment includes sales to unaffiliated customers. There are no sales between our industry segments. Operating income (loss) is total revenue less operating expenses. None of the corporate overhead expense is allocated to the individual industry segments. Identifiable assets by industry segment are those assets that are used in our subsidiaries in each industry segment. Corporate assets are principally cash, marketable securities, investments and a note receivable.

The following table contains segment information for the years ended December 31, 2012 and 2011:

Year ended December 31, (in thousands)	2012			2011
Information Technology
Revenue	$	3,721		$	4,338
Operating loss		(1,725	)		(918	)
Depreciation and amortization		186			95
Capital expenditures		133			101
Identifiable assets		1,712			1,791

Year ended December 31, (in thousands)		2012		2011
Industrial Products
Revenue	$	12,809	$	11,986
Operating income		2,945		2,252
Depreciation and amortization		324		325
Capital expenditures		261		362
Identifiable assets		6,250		6,654
Consolidated Segments
Revenue	$	16,530	$	16,324
Operating income		1,220		1,334
Depreciation and amortization		510		420
Capital expenditures		394		463
Identifiable assets		7,962		8,445

A reconciliation of consolidated segment data above to consolidated data follows:

Year ended December 31, (in thousands)	2012			2011
Consolidated segments operating income	$	1,220		$	1,334
Corporate expenses		(1,384	)		(1,023	)
Consolidated income from continuing operations	$	(164	)	$	311
Depreciation and amortization
Consolidated segments	$	510		$	420
Corporate		13			15
Consolidated	$	523		$	435
Capital expenditures
Consolidated segments	$	394		$	463
Corporate		5			1
Consolidated	$	399		$	464

As of December 31, (in thousands)	2012		2011
Assets
Consolidated segments identifiable assets	$	7,962	$	8,445
Corporate		1,974		1,660
Consolidated	$	9,936	$	10,105