SEGMENT REPORTING

9 Months Ended

Sep. 30, 2022

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 (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.

	Hospitality		Disinfectant		Corporate		Total
Balance sheet at September 30, 2022
Assets	$	6,563,520	$	26,469,870	$	534,252	$	33,567,642
Liabilities		5,747,415		1,259,278		718,645		7,725,338
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		1,850,340		5,860,232

	Hospitality		Disinfectant		Corporate		Total
Income Statement for the three months ended September 30, 2022:
Net Sales	$	4,282,030	$	1,593,581	$	—	$	5,875,611
Cost of Goods Sold		4,117,717		919,280		—		5,036,997
Research and development		—		93,522		—		93,522
Selling, General and Administrative expenses		965,511		1,932,858		606,728		3,505,097
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
Selling, General and Administrative expenses		788,173		1,894,852		—		2,683,025

	Hospitality		Disinfectant		Corporate		Total
Income Statement for the nine months ended September 30, 2022:
Net Sales	$	9,860,392	$	5,278,955	$	—	$	15,139,347
Cost of Goods Sold		8,971,628		2,876,214		—		11,847,842
Research and development		—		234,885		—		234,885
Loss on impairment of goodwill		—		1,138,203		—		1,138,203
Selling, General and Administrative expenses		2,936,219		5,811,228		1,890,091		10,637,538
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
Selling, General and Administrative expenses		2,351,533		4,639,939		—		6,991,472