SEGMENT REPORTING

6 Months Ended

Jun. 30, 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 and custom furniture specifically for the hospitality and retail industries (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.

Schedule of segment reporting
	Hospitality		Disinfectant		Corporate		Total
Balance sheet at June 30, 2022
Assets	$	7,302,345	$	26,979,356	$	2,725,197	$	37,006,898
Liabilities	$	6,158,065	$	1,721,894	$	381,442	$	8,261,401
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 June 30, 2022:
Net Sales	$	4,169,112	$	1,738,534	$	—	$	5,907,646
Cost of Goods Sold	$	3,695,267	$	908,587	$	—	$	4,603,854
Research and development	$	—	$	82,049	$	—	$	82,049
Selling, General and Administrative expenses	$	1,225,609	$	2,070,874	$	734,732	$	4,031,215
Income Statement for the three months ended June 30, 2021:
Net Sales	$	964,618	$	919,702	$	—	$	1,884,320
Cost of Goods Sold	$	746,451	$	604,640	$	—	$	1,351,091
Research and development	$	—	$	9,763	$	—	$	9,763
Selling, General and Administrative expenses	$	907,359	$	1,791,123	$	—	$	2,698,482

	Hospitality		Disinfectant		Corporate		Total
Income Statement for the six months ended June 30, 2022:
Net Sales	$	5,578,362	$	3,685,374	$	—	$	9,263,736
Cost of Goods Sold	$	4,853,911	$	1,956,934	$	—	$	6,810,845
Research and development	$	—	$	141,363	$	—	$	141,363
Selling, General and Administrative expenses	$	1,970,708	$	3,878,370	$	1,283,363	$	7,132,441
Loss on impairment of goodwill	$	—	$	1,138,203	$	—	$	1,138,203
Income Statement for the six months ended June 30, 2021:
Net Sales	$	2,532,469	$	1,664,466	$	—	$	4,196,935
Cost of Goods Sold	$	1,817,775	$	921,665	$	—	$	2,739,440
Research and development	$	—	$	53,408	$	—	$	53,408
Selling, General and Administrative expenses	$	1,563,360	$	2,736,639	$	—	$	4,299,999