SEGMENT REPORTING

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 11 - 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 (disinfectant 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		Disinfectant		Corporate		Total
Balance sheet at March 31, 2022
Assets	$	4,359,332	$	26,943,971	$	7,662,263	$	38,965,566
Liabilities	$	4,817,389	$	1,867,040	$	247,518	$	6,931,929
Balance sheet at December 31, 2021
Assets	$	2,158,789	$	27,851,691	$	8,515,512	$	38,525,992
Liabilities	$	2,481,186	$	1,528,706	$	1,850,341	$	5,860,233

	Hospitality		Disinfectant		Corporate		Total
Income Statement for the three months ended March 31, 2022:
Net Sales	$	1,409,250	$	1,946,840	$	—	$	3,356,090
Cost of Goods Sold	$	1,158,644	$	1,048,347	$	—	$	2,206,991
Research and development	$	—	$	59,314	$	—	$	59,314
Loss on impairment of goodwill	$	—	$	1,138,203	$	—	$	1,138,203
Selling, General and Administrative Expenses	$	745,099	$	1,807,496	$	548,631	$	3,101,226
Income Statement for the three months ended March 31, 2021:
Net Sales	$	1,567,851	$	744,764	$	—	$	2,312,615
Cost of Goods Sold	$	1,071,324	$	317,025	$	—	$	1,388,349
Research and development	$	—	$	43,645	$	—	$	43,645
Selling, General and Administrative expenses	$	656,001	$	840,761	$	—	$	1,601,517