SEGMENT REPORTING

12 Months Ended

Dec. 31, 2022

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 (Disinfection 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, 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
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 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		—		6,993,075		—		6,993,075
Selling, General and Administrative expenses		4,351,932		7,680,551		2,771,585		14,804,068
Income Statement for the year ended December 31, 2021
Net Sales	$	5,943,664	$	5,723,915	$	—	$	11,667,579
Cost of Goods Sold		4,488,652		3,080,541		—		7,569,193
Research and development		—		53,408		—		53,408
Selling, General and Administrative expenses		2,281,460		6,110,206		2,950,046		11,341,712