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SEGMENT AND GEOGRAPHIC INFORMATION
12 Months Ended
Dec. 31, 2022
SEGMENT AND GEOGRAPHIC INFORMATION  
SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 13 – SEGMENT AND GEOGRAPHIC INFORMATION

 

We consider our operations to be a single operating segment, focused on the design, manufacturing and sale of programming systems used by designers and manufacturers of electronic products.

 

Major operations outside the U.S. include sales, engineering and service support by subsidiaries in Germany as well as in China, which also manufactures some of our products.

The following tables provide summary operating information by geographic area:

  

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

Net sales:

 

 

 

 

 

 

U.S.

 

$1,774

 

 

$2,607

 

Europe

 

 

7,402

 

 

 

9,387

 

Rest of World

 

 

15,041

 

 

 

13,841

 

 

 

$24,217

 

 

$25,835

 

 

 

 

 

 

 

 

 

 

Included in Europe and Rest of World are

 

 

 

 

 

 

 

 

the following Net Sales significant balances:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

$2,881

 

 

$3,783

 

China

 

$5,476

 

 

$4,203

 

 

 

 

 

 

 

 

 

 

Operating income:

 

 

 

 

 

 

 

 

U.S.

 

$5

 

 

$257

 

Europe

 

 

(1,331)

 

 

(1,037)

Rest of World

 

 

577

 

 

 

507

 

 

 

$(749)

 

 

$(273)

 

 

 

 

 

 

 

 

 

 

Identifiable assets:

 

 

 

 

 

 

 

 

U.S.

 

$15,234

 

 

$15,840

 

Europe

 

 

4,886

 

 

 

5,638

 

Rest of World

 

 

7,045

 

 

 

7,579

 

 

 

$27,165

 

 

$29,057