Segment Reporting

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

FASB Codification Topic 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. The Company has three reportable segments: the design, manufacture, assembly and distribution of a suite of air (fixed and mobile) and surface disinfecting systems for use in healthcare, hospitality, food, wine, and commercial municipal and residential markets (Disinfectant segment); the manufacture of fine mirrors and custom furniture specifically for the hospitality and retail industries (Hospitality segment); and the Corporate segment, which includes expenses primarily related to corporate governance, such as board fees, legal expenses, audit fees, executive management, and listing costs. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics.

An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, segment selling, general and administrative expenses, research and development costs and stock-based compensation. It does not include other charges (income), or interest.

	Hospitality		Disinfectant		Corporate		Total
Balance sheet at December 31, 2023
Assets	$	11,038,438	$	12,029,837	$	35,317,956	$	58,386,231
Liabilities		10,579,244		9,326,715		13,596,653		33,502,612
Balance sheet at December 31, 2022
Assets	$	9,638,828	$	19,831,097	$	3,257,502	$	32,727,427
Liabilities		10,666,643		1,545,217		3,281,672		15,493,532

	Hospitality		Disinfectant		Corporate		Total
Income Statement for the year ended December 31, 2023
Net Sales	$	21,016,762	$	19,701,426	$	-	$	40,718,188
Cost of Goods Sold		17,086,385		15,805,303		-		32,891,688
Research and development		-		552,220		-		552,220
Loss on impairment of goodwill and intangibles		-		6,473,310		-		6,473,310
Selling, General and Administrative expenses		4,729,820		12,512,485		3,127,505		20,369,810
Income Statement for the year ended December 31, 2022
Net Sales	$	13,639,370	$	6,500,479	$	-	$	20,139,849
Cost of Goods Sold		12,375,645		3,725,910		-		16,101,555
Research and development		-		319,167		-		319,167
Loss on impairment of goodwill and intangibles		-		6,993,075		-		6,993,075
Selling, General and Administrative expenses		4,351,932		7,680,551		2,771,585		14,804,068