GEOGRAPHIC AND SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

GEOGRAPHIC AND SEGMENT INFORMATION

GEOGRAPHIC AND SEGMENT INFORMATION 

Operating segments are aggregated into reportable segments only if they exhibit similar economic characteristics. In addition to similar economic characteristics, the Company also considers the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to its chief operating decision maker for operating and administrative activities, availability of discrete financial information and information presented to the Board of Directors and investors. Asset information is not reviewed by the chief operating decision maker by segment and is not available by segment, accordingly, the Company has not presented a measure of assets by segment.

The Company’s reportable segments are disclosed as principally organized and managed as two operating segments: Advanced Energy and OEM. "Corporate & Other" includes certain unallocated corporate and administrative costs which were not specifically attributed to any reportable segment. The OEM segment is primarily development and manufacturing contract and product driven, all related expenses are recorded as cost of sales, therefore no segment specific operating expenses are incurred.

Summarized financial information with respect to reportable segments is as follows:

	Year Ended December 31, 2022
(In thousands)	Advanced Energy		OEM		Corporate (Other)		Total
Sales	$	36,803	$	7,707	$	—	44,510
(Loss) income from operations	(4,103)		1,641		(21,100)		(23,562)
Interest income	—		—		157		157
Interest expense	—		—		(15)		(15)
Other income, net	—		—		509		509
Income tax expense	—		—		367		367

	Year ended December 31, 2021
(In thousands)	Advanced Energy		OEM		Corporate (Other)		Total
Sales	$	42,985	$	5,532	$	—	$	48,517
Income (loss) from operations	2,784		1,033		(18,265)		(14,448)
Interest income	—		—		11		11
Interest expense	—		—		(10)		(10)
Other losses, net	—		—		(373)		(373)
Income tax benefit	—		—		380		380

International sales in 2022 and 2021, were 29.9% and 32.0% of sales, respectively. Revenue by geographic region, based on the "ship to" location on the invoice are as follows:

	Year Ended December 31,
(In thousands)	2022		2021
Sales by Domestic and International
Domestic	$	31,208	$	32,980
International	13,302		15,537
Total	$	44,510	$	48,517