XML 31 R22.htm IDEA: XBRL DOCUMENT
v3.23.2

SEGMENTED, SIGNIFICANT CUSTOMER INFORMATION AND ECONOMIC DEPENDENCY | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
SEGMENTED, SIGNIFICANT CUSTOMER INFORMATION AND ECONOMIC DEPENDENCY | 16. SEGMENTED, SIGNIFICANT CUSTOMER INFORMATION AND ECONOMIC DEPENDENCY. The Company operates in two segments: (a) Energy and water conservation products (as shown under the column heading “EWCP” below), which consists of a (i) liquid swimming pool blankets which save energy and water by inhibiting evaporation from the pool surface, and (ii) food-safe powdered form of the active ingredient within the liquid blankets and which are designed to be used in still or slow moving drinking water sources. (b) Biodegradable polymers, also known as TPA’s (as shown under the column heading “BCPA” below), used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. This product can also be used in detergents to increase biodegradability and in agriculture to increase crop yields by enhancing fertilizer uptake. The third product line is nitrogen conservation products used for the agriculture industry. These products decrease the loss of nitrogen fertilizer after initial application and allows less fertilizer to be used. These products are made and sold by the Company’s TPA division. The accounting policies of the segments are the same as those described in Note 2, Significant Accounting Policies. The Company evaluates performance based on profit or loss from operations before income taxes, not including nonrecurring gains and losses and foreign exchange gains and losses. The Company’s reportable segments are strategic business units that offer different, but synergistic products and services. They are managed separately because each business requires different technology and marketing strategies. Three months ended June 30, 2023: SCHEDULE OF REPORTABLE SEGMENTS
|  | EWCP |  |  | TPA |  |  | Total |
Revenue |  | $ | 220,602 |  |  | $ | 10,100,689 |  |  | $ | 10,331,291 |
Interest expense |  |  | - |  |  |  | 115,498 |  |  |  | 115,498 |
Depreciation and amortization |  |  | 4,440 |  |  |  | 381,951 |  |  |  | 386,390 |
Income tax expense |  |  | 11,657 |  |  |  | 342,715 |  |  |  | 354,372 |
Segment profit (loss) |  |  | (41,262 | ) |  |  | 851,127 |  |  |  | 809,865 |
Segment assets |  |  | 3,257,019 |  |  |  | 49,544,894 |  |  |  | 52,801,913 |
Expenditures for segment assets |  |  | - |  |  |  | (3,571,133 | ) |  |  | (3,571,133 | )
Three months ended June 30, 2022:
|  | EWCP |  |  | TPA |  |  | Total |
Revenue |  | $ | 189,569 |  |  | $ | 10,975,574 |  |  | $ | 11,165,143 |
Interest expense |  |  | - |  |  |  | 52,139 |  |  |  | 52,139 |
Depreciation and amortization |  |  | 9,202 |  |  |  | 230,588 |  |  |  | 239,790 |
Income tax expense |  |  | 11,306 |  |  |  | 531,496 |  |  |  | 542,802 |
Segment profit (loss) |  |  | (84,564 | ) |  |  | 1,747,019 |  |  |  | 1,662,455 |
Segment assets |  |  | 2,386,338 |  |  |  | 45,168,719 |  |  |  | 47,555,057 |
Expenditures for segment assets |  |  | - |  |  |  | (245,383 | ) |  |  | (245,383 | )
Six months ended June 30, 2023:
|  | EWCP |  |  | TPA |  |  | Total |
Revenue |  | $ | 301,262 |  |  | $ | 19,877,546 |  |  | $ | 20,178,808 |
Interest expense |  |  | - |  |  |  | 250,368 |  |  |  | 250,368 |
Depreciation and amortization |  |  | 8,719 |  |  |  | 742,855 |  |  |  | 751,574 |
Income tax expense |  |  | 12,571 |  |  |  | 641,578 |  |  |  | 654,149 |
Segment profit (loss) |  |  | (192,990 | ) |  |  | 1,887,224 |  |  |  | 1,694,234 |
Segment assets |  |  | 3,257,019 |  |  |  | 49,544,894 |  |  |  | 52,801,913 |
Expenditures for segment assets |  |  | - |  |  |  | (3,784,193 | ) |  |  | (3,784,193 | )
Six months ended June 30, 2022:
|  | EWCP |  |  | TPA |  |  | Total |
Revenue |  | $ | 236,822 |  |  | $ | 21,711,601 |  |  | $ | 21,948,423 |
Interest expense |  |  | - |  |  |  | 109,757 |  |  |  | 109,757 |
Depreciation and amortization |  |  | 18,446 |  |  |  | 453,832 |  |  |  | 472,278 |
Income tax expense |  |  | 11,306 |  |  |  | 1,243,942 |  |  |  | 1,255,248 |
Segment profit (loss) |  |  | (208,737 | ) |  |  | 3,404,251 |  |  |  | 3,195,514 |
Segment assets |  |  | 2,386,338 |  |  |  | 45,168,719 |  |  |  | 47,555,057 |
Expenditures for segment assets |  |  | - |  |  |  | (422,067 | ) |  |  | (422,067 | )
The sales generated in the United States and Canada are as follows: SCHEDULE OF REVENUE GENERATED IN UNITED STATES AND CANADA
|  | Six months ended June 30, 2023 |  |  | Six months ended June 30, 2022 |
Canada |  | $ | 313,058 |  |  | $ | 279,517 |
United States and abroad |  |  | 19,865,750 |  |  |  | 21,668,906 |
Total |  | $ | 20,178,808 |  |  | $ | 21,948,423 |
The Company’s long-lived assets (property, equipment, leaseholds, intangibles, goodwill and right of use assets) are located in Canada and the United States as follows: SCHEDULE OF LONG-LIVED ASSETS ARE LOCATED IN CANADA AND UNITED STATES
|  | June 30, 2023 |  |  | December 31, 2022 |
Canada |  | $ | 151,300 |  |  | $ | 150,890 |
United States |  |  | 17,706,417 |  |  |  | 14,699,896 |
Total |  | $ | 17,857,717 |  |  | $ | 14,850,786 |
Three primary customers accounted for $10,681,892 (53%) of sales during the six month period ended June 30, 2023 (2022 - $11,597,726 or 53%).

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration