Disaggregation of Revenues and Segment Reporting

12 Months Ended

Dec. 31, 2022

Disaggregation of Revenues and Segment Reporting [Abstract]

DISAGGREGATION OF REVENUES AND SEGMENT REPORTING

NOTE 3—DISAGGREGATION OF REVENUES AND SEGMENT REPORTING

The Company has three reportable segments:

The Retail and Appliances Segment provides a wide variety of appliance products (laundry, refrigeration, cooking, dishwashers, outdoor, accessories, parts, and other appliance related products) and services (delivery, installation, service and repair, extended warranties, and financing).

The Construction Segment provides finished carpentry products and services (door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, fireplace mantles, windows, and custom design and build of cabinetry and countertops).

The Automotive Supplies Segment provides horn and safety products (electric, air, truck, marine, motorcycle, and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles.

The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, financing activities and public company compliance.

The Company’s revenues for the years ended December 31, 2022 and 2021 are disaggregated as follows:

	Year Ended December 31, 2022
	Retail and Appliances		Construction		Automotive Supplies		Total
Revenues
Appliances	$	9,197,811	$	-	$	-	$	9,197,811
Appliance accessories, parts, and other		1,473,318		-		-		1,473,318
Automotive horns		-		-		5,068,616		5,068,616
Automotive lighting		-		-		1,420,472		1,420,472
Custom cabinets and countertops		-		10,644,283		-		10,644,283
Finished carpentry		-		21,124,624		-		21,124,624
Total Revenues	$	10,671,129	$	31,768,907	$	6,489,088	$	48,929,124

	Year Ended December 31, 2021
	Retail and Appliances		Construction		Automotive Supplies		Total
Revenues
Appliances	$	11,214,436	$	-	$	-	$	11,214,436
Appliance accessories, parts, and other		1,526,627		-		-		1,526,627
Automotive horns		-		-		4,215,868		4,215,868
Automotive lighting		-		-		1,500,163		1,500,163
Custom cabinets and countertops		-		7,391,959		-		7,391,959
Finished carpentry		-		4,811,931		-		4,811,931
Total Revenues	$	12,741,063	$	12,203,890	$	5,716,031	$	30,660,984

Segment information for the years ended December 31, 2022 and 2021 is as follows:

	Year Ended December 31, 2022
	Retail and Appliances			Construction			Automotive Supplies			Corporate Services			Total
Revenues	$	10,671,129		$	31,768,907		$	6,489,088		$	-		$	48,929,124
Operating expenses
Cost of revenues		8,203,401			20,980,103			4,044,226			-			33,227,730
Personnel		822,539			6,100,374			1,094,361			1,513,827			9,531,101
Depreciation and amortization		222,438			1,607,148			207,526			-			2,037,112
General and administrative		1,649,702			5,156,425			1,275,369			1,791,193			9,872,689
Total Operating Expenses		10,898,080			33,844,050			6,621,482			3,305,020			54,668,632
Loss from Operations	$	(226,951	)	$	(2,075,143	)	$	(132,394	)	$	(3,305,020	)	$	(5,739,508	)

	Year Ended December 31, 2021
	Retail and Appliances		Construction		Automotive Supplies			Corporate Services			Total
Revenues	$	12,741,063	$	12,203,890	$	5,716,031		$	-		$	30,660,984
Operating expenses
Cost of revenues		9,782,837		6,709,827		3,608,242			-			20,100,906
Personnel		783,913		1,463,443		1,014,895			541,246			3,803,497
Depreciation and amortization		182,714		570,378		155,890			-			908,982
General and administrative		1,916,882		2,376,351		1,912,695			745,570			6,951,498
Total Operating Expenses		12,666,346		11,119,999		6,691,722			1,286,816			31,764,883
Income (loss) from Operations	$	74,717	$	1,083,891	$	(975,691	)	$	(1,286,816	)	$	(1,103,899	)