v3.26.1
Note 8 - Segment Information
 9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

NOTE 8—SEGMENT INFORMATION

 

Operating segments are defined as components of an enterprise about which separate discrete information is available or evaluation by the chief operating decision maker ("CODM"), in deciding how to allocate resources and in assessing performance.  The Company and the Company's chief operating decision maker view the Company's operations and manage its business in one operating segment, which is the business of identifying, developing and manufacturing products to meet the needs of the cinema market.  The CODM, who is the President, manages and allocates resources to the operations of the Company on a consolidated basis.  The Company's measure of segment profit or loss is currently a net loss.  Managing and allocating resources on a consolidated basis enables the President to assess the overall level of resources available and how to best deploy those resources across functions that are in line with the Company's long-term company-wide strategic goals.  Consistent with this decision-making process, the President uses consolidated financial information for purposes of evaluating performance, forecasting future period financial results, allocating resources and setting incentive targets.  Operating expenses are used to monitor budget versus actual results.  The CODM does not review assets in evaluating the results of the Company, and therefore, such information is not presented.  In addition, substantially all of the Company's revenue was generated in the United States and substantially all of the Company's long-lived assets reside in the United States. 

 

($ in Thousands)

 

Quarter Ended

 
  

March 31,

 
  

2026

  

2025

 

Revenue

 $3,397  $3,571 

Cost of Sales

  2,214   2,508 

Gross Margin

  1,183   1,063 

Segment operating expenses:

        

Payroll and related

  958   923 

Marketing

  62   50 

G&A

  86   128 

Compliance

  118   118 

Occupancy

  144   170 

Overhead

  (51)  (56)

Total segment operating expenses

  1,317   1,333 

Interest and other income

  (12)  (30)

Net loss

 $(122) $(240)

 

($ in Thousands)

 

For the Nine Months Ended

 
  

March 31,

 
  

2026

  

2025

 

Revenue

 $12,771  $12,264 

Cost of Sales

  8,750   8,894 

Gross Margin

  4,021   3,370 

Segment operating expenses:

        

Payroll and related

  2,870   2,905 

Marketing

  134   192 

G&A

  302   302 

Compliance

  638   489 

Occupancy

  425   525 

Overhead

  (156)  (144)

Total segment operating expenses

  4,213   4,269 

Interest and other income

  (191)  (107)

Net loss

 $(1) $(792)