Note 3 - Segment Information

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

3. Segment Information

The Company has identified two reportable business segments: Electronic Instruments and Merchant Investment. These segments are consistent with the manner in which the chief operating decision maker reviews the business to assess performance and allocate resources. A brief description of each segment is below:

The Electronic Instruments segment includes all products manufactured and sold by PTF.

The Merchant Investment segment includes all activity produced by Lynch Capital International, LLC ("Lynch Capital").

The Company includes in Corporate the following corporate and business activities:

• corporate level assets and financial obligations such as cash and cash equivalents invested in highly liquid U.S. Treasury money market funds and other marketable securities;

• other items not allocated to or directly related to the Company's operating segments, including items such as deferred tax balances; and

• intercompany eliminations.

The Electronic Instruments and Merchant Investment segments are allocated overhead expenses based on total assets.

The following tables presents LGL Group's operations by segment:

	Three Months Ended March 31, 2024
	Electronic Instruments		Merchant Investment		Corporate			Consolidated
Revenues:
Net sales	$	392	$	—	$	—		$	392
Net investment income		—		289		210			499
Net (losses) gains		—		—		(3	)		(3	)
Total revenues		392		289		207			888
Expenses:
Manufacturing cost of sales		204		—		—			204
Engineering, selling and administrative		186		49		370			605
Total expenses		390		49		370			809
Income (loss) from continuing operations before income taxes		2		240		(163	)		79
Income tax expense		—		—		36			36
Net income (loss) from continuing operations		2		240		(199	)		43
Income (loss) from discontinued operations, net of tax		—		—		—			—
Net income		2		240		(199	)		43
Less: Net income attributable to non-controlling interests		—		22		—			22
Net income (loss) attributable to LGL Group common stockholders	$	2	$	218	$	(199	)	$	21

	Three Months Ended March 31, 2023
	Electronic Instruments		Merchant Investment		Corporate			Consolidated
Revenues:
Net sales	$	441	$	—	$	—		$	441
Net investment income		—		—		198			198
Net (losses) gains		—		—		345			345
Total revenues		441		—		543			984
Expenses:
Manufacturing cost of sales		192		—		—			192
Engineering, selling and administrative		177		—		365			542
Total expenses		369		—		365			734
Income (loss) from continuing operations before income taxes		72		—		178			250
Income tax expense		—		—		65			65
Net income (loss) from continuing operations		72		—		113			185
Income (loss) from discontinued operations, net of tax		—		—		(28	)		(28	)
Net income		72		—		85			157
Less: Net income attributable to non-controlling interests		—		—		—			—
Net income (loss) attributable to LGL Group common stockholders	$	72	$	—	$	85		$	157

The following table presents LGL Group's identifiable assets by segment:

	March 31, 2024		December 31, 2023
Electronic Instruments	$	710	$	843
Merchant Investment		23,819		23,530
Corporate		17,422		17,477
Total	$	41,951	$	41,850

The Company did not have any capital expenditures as of  March 31, 2024 or December 31, 2023.