SEGMENT REPORTING

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 12 - 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 two reportable segments: the design, manufacture, assembly and distribution of disinfecting systems for use in healthcare, hospitality, and commercial municipal and residential markets (disinfection segment) and the manufacture of fine mirrors specifically for the hospitality industry (hospitality segment). 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), net and interest and other, net.

	Hospitality		Disinfection		Corporate		Total
Balance sheet at September 30, 2021
Assets	$	2,309,410	$	16,502,516	$	13,358,458	$	32,170,384
Liabilities		2,642,754		1,627,721		294,639	$	4,565,114
Balance sheet at December 31, 2020
Assets	$	12,655,779	$	463,042	$	—	$	13,118,821
Liabilities		2,721,396		642,669		—		3,364,065

	Hospitality		Disinfection		Total
Income Statement for the nine months ended September 30, 2021:
Net Sales	$	4,282,696	$	3,465,803	$	7,748,499
Cost of Goods Sold		3,269,335		1,961,820		5,231,155
Research and development		—		53,408		53,408
Stock based compensation		559,698		542,911		1,102,609
Selling, General and Administrative expenses		1,791,835		4,097,028		5,888,863
Income Statement for the three months ended September 30, 2021:
Net Sales	$	1,750,227	$	1,801,337	$	3,551,564
Cost of Goods Sold		1,451,560		1,048,603		2,500,163
Stock based compensation		216,568		209,700		426,268
Selling, General and Administrative expenses		571,605		1,685,152		2,256,757

	Hospitality		Disinfection		Total
Income Statement for the nine months ended September 30, 2020 (restated):
Net Sales	$	4,727,631	$	—	$	4,727,631
Cost of Goods Sold		3,825,037		—		3,825,037
Research and development		—		65,037		65,037
Stock based compensation		192,594		188,720		381,314
Selling, General and Administrative expenses		1,371,531		71,745		1,443,276
Income Statement for the three months ended September 30, 2020:
Net Sales	$	1,560,633	$	—	$	1,560,633
Cost of Goods Sold		1,482,455		—		1,482,455
Research and development		—		65,037		65,037
Stock based compensation		141,791		137,916		279,707
Selling, General and Administrative expenses		604,597		19,631		624,228