Note 14 - Activity of Business Segments

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

14. Activity of Business Segments

The Company operates through three segments:

Building Supply:

consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment as well as other woven material. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.

Disposable Protective Apparel:

consisting of a complete line of disposable protective clothing, such as shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns and hoods for the pharmaceutical, cleanroom, industrial and medical markets.

A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.

Infection Control:

consisting of a line of face masks and eye shields.

The accounting policies of the segments are the same as those described previously under Summary of Significant Accounting Policies (see Note 2). Segment data excludes charges allocated to the principal executive office and other corporate unallocated expenses and income taxes. The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales.

The following table presents net sales for each segment:

	Years Ended December 31,
	2015		2014
Building Supply	$	25,800,000	$	27,549,000
Disposable Protective Apparel		14,661,000		14,670,000
Infection Control		4,494,000		5,430,000
Consolidated net sales	$	44,955,000	$	47,649,000

The following table presents the reconciliation of total segment income to total consolidated net income:

	Years Ended December 31,
	2015		2014
Building Supply	$	3,605,000	$	4,750,000
Disposable Protective Apparel		1,439,000		1,601,000
Infection Control		1,396,000		1,953,000
Total segment income		6,440,000		8,304,000
Gain on sale of marketable securities and investment in common stock warrants		-		409,000
Unallocated corporate overhead expenses		4,919,000		4,770,000
Provision for income taxes		480,000		1,201,000
Consolidated net income	$	1,041,000	$	2,742,000

The following table presents net sales and long-lived asset information by geographic area:

	Years Ended December 31,
	2015		2014
Net sales by geographic region
United States	$	43,753,000	$	45,714,000
International		1,202,000		1,935,000
Consolidated net sales	$	44,955,000	$	47,649,000

	As of December 31,
	2015		2014
Long-lived assets by geographic region
United States	$	2,564,000	$	2,944,000
International		343,000		371,000
Consolidated total long-lived assets	$	2,907,000	$	3,315,000

Net sales by geographic region are based on the countries in which the customers are located. For the years ended December 31, 2015 and 2014, the Company did not generate sales from any country, except the United States, that were significant to the Company’s consolidated net sales

.

The following table presents the consolidated net property, equipment, goodwill and intangible assets by segment

:

	As of December 31,
	2015		2014
Disposable Protective Apparel	$	394,000	$	450,000
Building Supply		2,410,000		2,613,000
Infection Control		166,000		368,000
Total segment assets		2,970,000		3,431,000
Unallocated corporate assets		43,000		10,000
Total consolidated assets	$	3,013,000	$	3,441,000