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Note 3 - Disaggregation of Revenues and Segment Reporting

9 Months Ended

Sep. 30, 2024

Disaggregation of Revenues and Segment Reporting [Text Block]

NOTE 3 – DISAGGREGATION OF REVENUES AND SEGMENT REPORTING

The Company operates in three reportable segments: Water, Ceramics and Plastics.

The Company sells products throughout the world, and sales by geographical region are as follows for the three and nine months ended September 30, 2024 and 2023:

	*For the Three Months*				*For the Nine Months*
	*Ended September 30,*				*Ended September 30,*
	*2024*		*2023*		*2024*		*2023*
Americas	$	373,364	$	986,316	$	1,904,237	$	1,798,608
Asia-Pacific		127,030		891,058		563,670		2,031,013
Europe		1,973,219		2,933,092		7,908,036		8,944,536
Middle East & Africa		4,607		259,980		822,684		1,297,827
Total consolidated Revenue	$	2,478,221	$	5,070,446	$	11,198,627	$	14,071,984

The Company’s sales by segment are as follows for the three and nine months ended September 30, 2024 and 2023:

	*For the Three Months*				*For the Nine Months*
	*Ended September 30,*				*Ended September 30,*
	*2024*		*2023*		*2024*		*2023*
Water	$	687,684	$	2,629,910	$	4,106,975	$	6,135,127
Ceramics		1,077,630		1,608,763		4,549,104		4,807,600
Plastics		663,198		656,693		2,492,839		2,951,376
Corporate		49,709		175,080		49,709		177,881
Total consolidated Revenue	$	2,478,221	$	5,070,446	$	11,198,627	$	14,071,984

The Company’s income and total assets segment are as follows:

	*For the Three Months*						*For the Nine Months*
	*Ended September 30,*						*Ended September 30,*
	*2024*			*2023*			*2024*			*2023*
Net Income (Loss)
Water	$	(627,456	)	$	177,446		$	(1,316,195	)	$	(283,590	)
Ceramics		(735,131	)		(531,682	)		(2,053,965	)		(1,532,455	)
Plastics		(510,423	)		(365,978	)		(1,024,604	)		(499,312	)
Corporate		(967,516	)		(694,016	)		(2,945,757	)		(3,043,668	)
Total consolidated Net Loss		(2,840,526	)		(1,414,230	)		(7,340,521	)		(5,359,025	)

	*As of*
	*September 30,*		*December 31,*
Total Assets	*2024*		*2023*
Water	$	8,529,038	$	9,432,991
Ceramics		12,985,577		14,550,872
Plastics		1,907,108		759,745
Corporate		5,303,621		11,228,239
Total consolidated Assets	$	28,725,344	$	35,971,847