Note L - Segment Information

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

L. Segment Information

The Company has identified two reportable business segments: electronic instruments, which includes all products manufactured and sold by PTF, and merchant investment, which includes all the income and expenses through its subsidiary Lynch Capital.

Income (loss) from operations is equal to revenues, interest income, and investment income (loss) less manufacturing cost of sales and engineering, selling and administrative expenses. Identifiable assets of the segments are those used in each of their respective operations. Total assets of $41,579,000 includes $22,925,000 for the merchant investment business, $1,221,000 for the electronic instruments business, and $17,353,000 for the holding company. Holding company represents general corporate assets which are principally cash and cash equivalents, short-term investments and certain other investments and receivables along with deferred tax balances.

	For the Three Months Ended June 30, 2023												For the Three Months Ended June 30, 2022
	Electronic Instruments			Merchant Investment			Holding Company			Consolidated			Electronic Instruments			Merchant Investment		Holding Company			Consolidated
REVENUES	$	403		$	—		$	—		$	403		$	370		$	—	$	—		$	370
Interest income, net		—			255			20			275			—			—		9			9
Investment income (loss)		—			—			43			43			—			—		(2,373	)		(2,373	)
Costs and expenses:
Manufacturing cost of sales		(208	)		—			—			(208	)		(227	)		—		—			(227	)
Engineering, selling and administrative		(173	)		(88	)		(372	)		(633	)		(165	)		—		(458	)		(623	)
Other expense, net		—			—			(12	)		(12	)		—			—		1			1
INCOME (LOSS) FROM OPERATIONS	$	22		$	167		$	(321	)	$	(132	)	$	(22	)	$	—	$	(2,821	)	$	(2,843	)

	For the Six Months Ended June 30, 2023												For the Six Months Ended June 30, 2022
	Electronic Instruments			Merchant Investment			Holding Company			Consolidated			Electronic Instruments			Merchant Investment		Holding Company			Consolidated
REVENUES	$	844		$	—		$	—		$	844		$	787		$	—	$	—		$	787
Interest income, net		—			255			218			473			—			—		5			5
Investment income (loss)		—			—			388			388			—			—		(2,328	)		(2,328	)
Costs and expenses:
Manufacturing cost of sales		(400	)		—			—			(400	)		(469	)		—		—			(469	)
Engineering, selling and administrative		(350	)		(88	)		(753	)		(1,191	)		(332	)		—		(1,313	)		(1,645	)
Other expense, net		—			—			(24	)		(24	)		—			—		2			2
INCOME (LOSS) FROM OPERATIONS	$	94		$	167		$	(171	)	$	90		$	(14	)	$	—	$	(3,634	)	$	(3,648	)