12.

SEGMENT AND RELATED INFORMATION

The Company operates the following reportable segments:

) Commercial Air Handling,

) Test and Measurement,

) Industrial Hose, and

) Aerospace. The Company's management evaluates segment performance based primarily on operating income. Certain corporate costs are allocated to the segments and interest expense directly related to financing the acquisition of a business is allocated to that segment, respectively. Intangible assets are allocated to each segment and the related amortization of these assets are recorded in selling, general and administrative expenses.

Commercial Air Handling:

This segment manufactures custom air handling units under fixed price contracts to customers in the health care, university, research, pharmaceutical and industrial manufacturing market segments, and across the United States and worldwide.

Test and Measurement:

This segment consists of diagnostic tools and equipment sold to the automotive industry and indicators and gauges sold primarily to companies in the aircraft and locomotive industries. These products are sold to original equipment manufacturers and to the aftermarket using a variety of distribution methods. The Company completed the sale of certain assets comprising its Test and Measurement segment on

June 1, 2018.

See Note

11,

Dispositions, for additional details regarding the disposition of this segment. The Company is currently reporting operational results for this segment as a result of a single customer relationship retained by the Company following the disposition.

Industrial Hose:

This segment consists primarily of flexible metal and silicone hose products designed and manufactured or distributed primarily to the trucking industry and other industrial end-users. These products are sold to original equipment manufacturers and to the aftermarket using a variety of distribution methods.

Aerospace Components:

This segment manufactures components primarily for customers in the aerospace industry.

Information by industry segment is set forth below:

	Three Months Ended					Nine Months Ended
	September 30					September 30
	2018			2017		2018			2017

Sales
Commercial Air Handling	$	9,876,700		$	7,846,896	$	29,876,961		$	11,190,841
Test and Measurement		790,297			1,560,696		2,786,742			5,783,621
Industrial Hose		1,718,138			1,485,276		5,193,324			4,485,347
Aerospace Components		7,386,002			-		7,386,002			-
Total Sales	$	19,771,137		$	10,892,868	$	45,243,029		$	21,459,809

Gross Profit
Commercial Air Handling	$	2,743,833		$	1,946,546	$	7,861,725		$	2,900,293
Test and Measurement		130,293			533,879		722,062			3,233,133
Industrial Hose		356,000			553,954		1,151,358			1,307,613
Aerospace Components		1,220,096			-		1,220,096			-
Total Gross Profit	$	4,450,222		$	3,034,379	$	10,955,241		$	7,441,039

Operating Income
Commercial Air Handling	$	1,696,934		$	1,083,140	$	4,357,970		$	1,425,524
Test and Measurement		130,293			41,816		(239,151	)		707,126
Industrial Hose		111,419			289,506		413,573			856,633
Aerospace Components		706,424			-		706,424			-
Unallocated Corporate General		(173,791	)		-		(307,507	)
Total Operating Income	$	2,471,279		$	1,414,462	$	4,931,309		$	2,989,283

Income Before Provision for Income Taxes
Commercial Air Handling		1,686,296			816,669		4,316,875			1,424,878
Test and Measurement		130,293			188,128		(94,828	)		628,275
Industrial Hose		48,454			289,506		272,608			441,313
Aerospace Components		620,023			-		620,023			-
Loss on sale of business		-			-		(1,160,574	)		-
Unallocated Corporate General & Other		(397,883	)		-		(842,419	)		-
Income Before Provision for Income Taxes	$	2,087,183		$	1,294,303	$	3,111,685		$	2,494,466