| Schedule of Segments |
The
following provides segment information as described below (in thousands):
Schedule of Segments
| | |
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):
Schedule of Reconciliation of Revenue of Reportable Segments to Consolidated Revenue
| | |
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):
Schedule of Reconciliation of Net Income (Loss) of Reportable Segments to Consolidated Net Loss
| | |
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):
Schedule of Reconciliation of Total Assets of Reportable Segments to Consolidated Total Assets
| | |
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):
Schedule of Revenue by Geographic Area
| | |
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 | |
|