Note 14 - Segment Reporting

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

1

4

– Segment Reporting

The Company adopted ASC

280,

“Segment Reporting.” The Company operates through

(2)

segments, CVD and SDC. The CVD division is utilized for silicon, silicon germanium, silicon carbide and gallium arsenide processes. SDC is the Company’s ultra-high purity manufacturing division in Saugerties, New York. The accounting policies of CVD and SDC are the same as those described in the summary of significant accounting policies (see Note

2).

The Company evaluates performance based on several factors, of which the primary financial measure is earnings before taxes.

The following table presents certain information regarding the Company’s segments as of

December

31,

2016

and for the year then ended:

	CVD		SDC			Eliminations			Consolidated
Assets	$	44,783,126	$	4,558,111		$	(3,680,845	)	$	45,660,392
Revenue	$	18,568,132	$	2,934,831		$	(547,616	)	$	20,955,347
Interest Expense		78,322		1,539						79,861
Depreciation and Amortization		750,680		62,978						813,658
Capital expenditures				5,850
Pretax earnings/(loss)				(441,610	)

The following table presents certain information regarding the Company’s segments as of

December

31,

2015

and for the year then ended:

	CVD		SDC		Eliminations			Consolidated
Assets	$	39,529,971	$	3,619,304	$	(2,017,571	)	$	41,131,704
Revenue	$	35,473,057	$	5,674,258	$	(2,181,928	)	$	38,965,387
Interest Expense		85,765		6,336					92,101
Depreciation and Amortization		764,467		62,062					826,529
Capital expenditures		212,140		36,165					248,305
Pretax (loss)/earnings		3,616,280		1,046,911					4,663,191