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(8) Segment Information
 3 Months Ended
Mar. 31, 2025
Notes  
(8) Segment Information

(8) Segment Information.  The Company operates as one operating segment.  The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis.  The CODM uses consolidated gross profit margin, operating margin, and net income to assess financial performance and allocate resources.  These financial metrics are used by the CODM to make key operating decisions such as the allocation of budget between cost of sales, sales and marketing, research and development, and general and administrative expenses.

 

The following table presents selected financial information with respect to the Company’s single operating segment for the quarters ended March 31, 2025 and March 31, 2024:

 

 

Quarter Ended March 31,

   2025

 

2024

Revenues

9,710

 

11,340

Less:

 

 

 

Standard cost of sales

3,656

 

3,822

Other cost of sales

516

 

753

Gross Profit

5,538

 

6,765

Gross Profit Margin

57.0%

 

59.7%

Sales & Marketing

500

 

411

Research & Development

154

 

266

Litigation Fees

316

 

751

Amortization

509

 

513

Other General & Administrative

906

 

941

Operating Income

3,153

 

3,883

Operating Income Margin

32.5%

 

34.2%

Other Income

 

 

 

Interest income

737

 

891

Other income (expense)

(32)

 

24

Income before income taxes

3,858

 

4,798

Provision for income taxes

817

 

842

Net Income

3,041

 

3,956