Note 14 - Business Segments

6 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

14. BUSINESS SEGMENTS

The Company operated in four segments: the testing service industry (which performs structural and electronic tests of semiconductor devices); the designing and manufacturing of equipment (assembly of equipment that tests the structural integrity of integrated circuits and other products); distribution of various products from other manufacturers in Singapore and Asia; and the real estate segment in China.

The cost of equipment, current year investment in new equipment and depreciation expense are allocated into respective segments based on the primary purpose for which the equipment was acquired.

Corporate expenses are allocated to the four segments on a combination of factors involving revenue, manpower costs and fixed assets investments, except the Malaysia and China operations, which is calculated based on actual sales. The following segment information table includes segment operating income or loss after including corporate expense allocated to the segments, which gets eliminated in the consolidation.

The following segment Information is unaudited for the six months ended December 31, 2023, and December 31, 2022:

Business Segment Information:

	Six Months			Operating
	Ended	Net		Income /			Total		Depr. And		Capital
	Dec. 31,	Revenue		(Loss)			Assets		Amort.		Expenditures
Manufacturing	2023	$	7,675	$	149		$	19,242	$	214	$	38
	2022	$	8,629	$	477		$	15,345	$	230	$	15
Testing Services	2023		9,810		(280	)		22,690		2,507		120
	2022		12,012		1,129			27,757		1,875		3,967
Distribution	2023		4,670		646			1,976		-		-
	2022		3,676		482			1,437		-		-
Real Estate	2023		13		(53	)		2,502		36		-
	2022		12		(42	)		1,580		38		-
Corporate & Unallocated	2023		-		214			188		27		-
	2022		-		90			77		-		12
Total Company	2023	$	22,168	$	676		$	46,598	$	2,784	$	158
	2022	$	24,329	$	2,136		$	46,196	$	2,143	$	3,994

The following segment Information is unaudited for the three months ended December 31, 2023, and December 31, 2022:

Business Segment Information:

	Three Months			Operating
	Ended	Net		Income /			Total		Depr. And		Capital
	Dec. 31,	Revenue		(Loss)			Assets		Amort.		Expenditures
Manufacturing	2023	$	4,790	$	191		$	19,242	$	101	$	19
	2022	$	5,044	$	301		$	15,345	$	99	$	15
Testing Services	2023		4,646		(152	)		22,690		1,181		62
	2022		5,648		547			27,757		1,111		2,811
Distribution	2023		2,760		401			1,976		-		-
	2022		1,694		217			1,437		-		-
Real Estate	2023		6		(27	)		2,502		18		-
	2022		4		(28	)		1,580		20		-
Corporate & Unallocated	2023				264			188		15		-
	2022		-		32			77		6		12
Total Company	2023	$	12,202	$	677		$	46,598	$	1,315	$	81
	2022	$	12,390	$	1,069		$	46,196	$	1,236	$	2,838

Management is currently evaluating the ongoing contributions of each of its business segments to its current and future revenue and prospects, including its testing segment. As a result, it may divest one or more business segments in the future, including its testing segment, to enable management to concentrate on segments where it anticipates opportunities for future revenue growth, thereby maximizing shareholder value.