v3.26.1
Reportable Segments (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segments

The following provides segment information as described below (in thousands):

 

   CVD   SDC   MesoScribe   Total 
   For the year ended December 31, 2025 
   CVD   SDC   MesoScribe   Total 
Segment revenue  $18,079   $7,937   $112   $26,128 
Less:                    
Cost of revenue   13,943    4,894    3    18,840 
Research & development   2,615    171    -    2,786 
Selling   1,205    238    -    1,443 
General & administrative   660    896    -    1,556 
Impairment   163    -    -    163 
Interest expense   13    -    -    13 
Segment net income (loss)  $(520)  $1,738   $109   $1,327 
Segment assets  $15,195   $3,972   $(2)  $19,165 
Capital expenditures  $42   $6   $-   $48 
Depreciation & amortization  $631   $52   $-   $683 

 

 

CVD EQUIPMENT CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2025 and 2024

 

Note 12 - Reportable Segments (continued)

 

   CVD   SDC   MesoScribe   Total 
   For the year ended December 31, 2024 
   CVD   SDC   MesoScribe   Total 
Segment revenue  $18,288   $8,444   $778   $27,510 
Less:                    
Cost of revenue   16,438    4,749    272    21,459 
Research & development   2,398    229    -    2,627 
Selling   1,456    195    5    1,656 
General & administrative   715    709    84    1,508 
Gain on sales of equipment   (42)   -    (675)   (717)
Other income   (2)   -         (2)
Interest expense   19    -    -    19 
Segment net income (loss)  $(2,694)   2,562    1,092    960 
Segment assets  $15,903   $3,129   $627   $19,659 
Capital expenditures  $69   $37   $-   $106 
Depreciation & amortization  $635   $49   $-   $684 
Schedule of Reconciliation of Revenue of Reportable Segments to Consolidated Revenue

The following table presents a reconciliation of revenue of reportable segments to consolidated revenue (in thousands):

 

   2025   2024 
   Year ended December 31, 
   2025   2024 
Revenue of reportable segments  $26,128   $27,510 
Intersegment revenue   (342)   (634)
Consolidated total revenue  $25,786   $26,876 
Schedule of Reconciliation of Net Income (Loss) of Reportable Segments to Consolidated Net Loss

The following table presents a reconciliation of net income (loss) of reportable segments to consolidated net loss (in thousands):

 

   2025   2024 
   Year ended December 31, 
   2025   2024 
Net income (loss) of reportable segments  $1,327   $960 
Unallocated amounts:          
Corporate expenses   (3,250)   (3,393)
Interest income   341    559 
Income tax expense   (3)   (24)
Consolidated net loss  $(1,585)  $(1,898)
Schedule of Reconciliation of Total Assets of Reportable Segments to Consolidated Total Assets

The following table presents a reconciliation of total assets of reportable segments to consolidated total assets (in thousands):

 

   2025   2024 
   Year ended December 31, 
   2025   2024 
Total assets of reportable segments  $19,165   $19,659 
Unallocated amounts:          
Cash equivalents   8,229    11,892 
Other current assets   115    135 
Consolidated total assets  $27,509   $31,686 
Schedule of Revenue by Geographic Area

The following table presents revenue by geographic area (in thousands):

 

   2025   2024 
   Year ended December 31, 
   2025   2024 
United States  $24,393   $25,720 
North America, excluding US   7    65 
Europe, Middle East and Africa   819    521 
Asia-Pacific   567    570 
Consolidated total revenue  $25,786   $26,876