Segment Information

3 Months Ended

Dec. 31, 2022

Segment Information

Segment Information

15.          Segment Information

The following tables present certain operating segment information for the three ended December 31, 2022 and 2021.

			Technology Solutions Segment
	High
	Performance
	Products		United						Consolidated
Three months ended December 31,	Segment		Kingdom		U.S.		Total		Total
	(Amounts in thousands)
2022
Sales:
Product	$	2,162	$	191	$	11,868	$	12,059	$	14,221
Service		327		87		3,709		3,796		4,123
Total sales	$	2,489	$	278	$	15,577	$	15,855	$	18,344
Operating (loss) income	$	(98)	$	14	$	1,448	$	1,462	$	1,364
Interest income	$	1	$	35	$	225	$	260	$	261
Interest expense	$	(3)	$	—	$	(61)	$	(61)	$	(64)
Total assets	$	9,973	$	6,713	$	52,288	$	59,001	$	68,974
Capital expenditures	$	16	$	—	$	28	$	28	$	44
Depreciation and amortization	$	29	$	—	$	61	$	61	$	90
2021
Sales:
Product	$	720	$	62	$	7,938	$	8,000	$	8,720
Service		344		93		3,212		3,305		3,649
Total sales	$	1,064	$	155	$	11,150	$	11,305	$	12,369
Operating (loss) income	$	(1,005)	$	(55)	$	664	$	609	$	(396)
Interest income	$	—	$	7	$	138	$	145	$	145
Interest expense	$	(17)	$	—	$	(88)	$	(88)	$	(105)
Total assets	$	9,056	$	9,397	$	43,333	$	52,730	$	61,786
Capital expenditures	$	45	$	—	$	92	$	92	$	137
Depreciation and amortization	$	35	$	—	$	59	$	59	$	94

Income (loss) from operations consists of sales less cost of sales, engineering and development expenses, and selling, general and administrative expenses but is not affected by either other income/expense or by income taxes expense (benefit). Non-operating expenses/income consists principally of interest income from transactions with payment terms exceeding one year (see Note 6, “Accounts and Long-Term Receivable” for details), and interest expense. All intercompany transactions have been eliminated.

The following table lists customers from which the Company derived revenues of 10% or more of total revenues for the three months ended December 31, 2022 and 2021.

	Three months ended December 31,
	2022				2021
	(in millions)				(in millions)
	Customer		% of Total		Customer		% of Total
	Revenues		Revenues		Revenues		Revenues
Customer A	$	1.8	10	%	$	1.9	16	%
Customer B	$	2.1	12	%	$	0.9	7	%
Customer C	$	1.8	10	%	$	—	-	%

Customer A had a balance of $13.6 million, or 47%, of total consolidated accounts receivable and long-term receivable as of December 31, 2022. Customer A had a balance of $16.2 million, or 52%, of total consolidated accounts

receivable and long-term receivable as of September 30, 2022. There were no other customers with more than 10% of total consolidated accounts receivable and long-term receivable as of September 30, 2022 and December 31, 2022. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of December 31, 2022.