Note 15 - Segment Reporting

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 15 – SEGMENT REPORTING

The Company operates in three segments: Water, Ceramics, and Plastics. Effective as of January 1, 2020, the group structure was changed so that 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 Year Ended December 31,
Revenues	2023		2022
Water	$	7,705,080	$	5,297,286
Ceramics		6,232,628		6,844,861
Plastics		3,736,529		3,528,606
Other		327,415		311,685
Total consolidated revenue	$	18,001,652	$	15,982,438

	For the Year Ended December 31,
Loss	2023			2022
Water	$	(736,148	)	$	(1,072,530	)
Ceramics		(2,640,894	)		(4,648,768	)
Plastics		(660,896	)		(794,942	)
Other		(4,533,206	)		(7,652,867	)
Total consolidated Loss	$	(8,571,145	)	$	(14,169,107	)

	For the Year Ended December 31,
Total assets	2023		2022
Water	$	9,432,991	$	7,781,211
Ceramics		14,550,872		13,808,529
Plastics		759,745		1,099,019
Other		11,228,239		17,436,896
Total consolidated assets	$	35,971,847	$	40,125,655