For the Twelve Months Ended December 31, 2024

For the Twelve Months Ended December 31, 2023

OSS

Bressner

Total

OSS

Bressner

Total

Revenues

$

24,558,809

$

30,135,550

$

54,694,358

$

28,809,888

$

32,086,910

$

60,896,797

Cost of revenues

(23,935,886

)

(23,040,166

)

(46,976,051

)

(18,544,902

)

(24,397,274

)

(42,942,175

)

Gross profit

622,923

7,095,384

7,718,307

10,264,986

7,689,636

17,954,622

Gross margin %

2.5

%

23.5

%

14.1

%

35.6

%

24.0

%

29.5

%

Research & development

(3,466,077

)

(631,152

)

(4,097,229

)

(3,813,460

)

(517,564

)

(4,331,024

)

Other segment operating expenses

(12,820,332

)

(4,157,559

)

(16,977,892

)

(17,928,561

)

(3,618,190

)

(21,546,751

)

(Loss) income from operations

$

(15,663,486

)

$

2,306,672

$

(13,356,813

)

$

(11,477,034

)

$

3,553,882

$

(7,923,153

)

For the Twelve Months Ended December 31, 2024

For the Twelve Months Ended December 31, 2023

OSS

Bressner

Total

OSS

Bressner

Total

Interest income

$

477,745

$

-

$

477,745

$

544,958

$

544,958

Interest expense

(4,027

)

(70,089

)

(74,116

)

1,612

(119,386

)

(117,774

)

Depreciation and amortization of intangibles

(927,282

)

(114,555

)

(1,041,837

)

(1,017,038

)

(60,478

)

(1,077,516

)

Other significant non-cash items:

-

-

-

-

-

-

Inventory reserves

(7,088,114

)

(260,276

)

(7,348,390

)

(1,068,280

)

105,823

(962,458

)

Goodwill impairment

-

-

-

(5,630,788

)

-

(5,630,788

)

Stock based compensation expense

(1,856,417

)

(131,709

)

(1,988,125

)

(2,207,344

)

(138,014

)

(2,345,358

)

Total assets

20,552,197

16,381,785

36,933,982

32,560,602

15,705,050

48,265,652

Capital expenditures

(228,258

)

(134,491

)

(362,748

)

(636,066

)

(185,687

)

(821,753

)