Business Segments

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Business Segments

11. Business Segments

The Company operates in two business segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The Company’s reportable segments are strategic business units that offer different products and services. The segments are composed of separate corporations and are managed separately. Operations in ATG primarily involve the design, manufacture, and marketing of servo-control components (i.e., torque motors, control valves, actuators, etc.) for government, commercial and industrial applications. CPG’s operations involve the design, manufacture and marketing of a variety of cutlery products for use by consumers and government agencies. The Company derives its primary sales revenue from domestic customers, although a portion of finished products are for foreign end use.

As of December 31, 2014, the Company had assets of approximately $35,245,000 ($30,003,000 – December 31, 2013) of which approximately $23,092,000 ($19,816,000 – December 31, 2013) was for ATG and approximately $12,153,000 ($10,187,000 – December 31, 2013) was for CPG.

	ATG						CPG						Consolidated
	Year Ended						Year Ended						Year Ended
	December 31,						December 31,						December 31,
	2014			2013			2014			2013			2014			2013
Revenues from unaffiliated customers	$	25,021		$	22,204		$	6,625		$	8,106		$	31,646		$	30,310
Cost of goods sold, exclusive of depreciation and amortization		(17,983	)		(16,155	)		(6,542	)		(6,644	)		(24,525	)		(22,799	)
Selling, general and administrative		(4,097	)		(3,985	)		(1,483	)		(1,653	)		(5,580	)		(5,638	)
Interest expense		(40	)		(41	)		(7	)		-			(47	)		(41	)
Arbitration award expense		(5,597	)		-			-			-			(5,597	)		-
Depreciation and amortization		(468	)		(452	)		(184	)		(188	)		(652	)		(640	)
Other income, net		13			(2	)		3			44			16			42
Income (loss) before income tax provision (benefit)		(3,151	)		1,569			(1,588	)		(335	)		(4,739	)		1,234
Income tax (benefit) provision		(1,072	)		329			(541	)		(70	)		(1,613	)		259
Net (loss) income	$	(2,079	)	$	1,240		$	(1,047	)	$	(265	)	$	(3,126	)	$	975
Capital expenditures	$	803		$	1,191		$	2,351		$	372		$	3,154		$	1,563