Note 10 - Segment Reporting

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 10 – SEGMENT REPORTING

The Company operates in three segments: Water, Ceramics and Plastics. Effective as of January 1, 2020, the group structure was changed as shared group activities were transferred to an individual reporting unit separated from the business units. Costs and assets for these activities were therefore separated during 2020.

Segment information for the business areas is as follows:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Revenue
Water	$	1,493,549	$	1,925,879	$	3,730,889	$	12,127,421
Ceramics		1,703,057		989,601		5,444,863		4,367,591
Plastics		855,896		503,297		2,686,292		1,847,092
Other		90,452		124,953		295,350		124,953
Total consolidated Revenue		4,142,954		3,543,730		12,157,394		18,467,057

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2021			2020			2021			2020
Income (Loss)
Water	$	(531,868	)	$	(175,725	)	$	(2,112,430	)	$	(64,967	)
Ceramics		(798,615	)		(622,504	)		(2,681,013	)		(1,598,205	)
Plastics		(358,880	)		(261,544	)		(887,184	)		(329,200	)
Other		(1,214,593	)		(2,813,646	)		(2,780,866	)		(4,141,359	)
Total consolidated Loss		(2,903,956	)		(3,873,419	)		(8,461,493	)		(6,133,731	)

	For the period ended
Total assets	September 30, 2021		December 31, 2020
Water	$	9,096,032	$	14,033,107
Ceramics		17,048,081		16,734,371
Plastics		1,940,034		2,022,381
Other		20,309,406		9,420,278
Total consolidated assets	$	48,393,553	$	42,210,137