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SEGMENTS AND | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENTS AND | 17. SEGMENTS AND SIGNIFICANT CONCENTRATIONS 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 Company also manufactures food grade products that are made and sold by the TPA division. 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. The economic factors that impact the nature, amount, timing, and uncertainty of revenue and cash flows vary among the Company’s operating segments and the geographical regions in which they operate. This operating segment structure is used by the Chief Operating Decision Maker (“CODM”), who has been determined to be the Chief Executive Officer, to make key operating decisions and assess performance of the Company. The CODM evaluates segment operating performance, and makes resource allocation and performance evaluation decisions, based on gross profit and net operating income. Year ended December 31, 2024: SCHEDULE OF REPORTABLE SEGMENTS
|  | EWCP |  |  | BPCA |  |  | Other (1) |  |  | Consolidated |
Sales |  | $ | 759,549 |  |  | $ | 37,475,311 |  |  | $ | - |  |  | $ | 38,234,860 |
Cost of sales |  |  | 350,345 |  |  |  | 24,644,616 |  |  |  | - |  |  |  | 24,994,961 |
Gross profit |  |  | 409,204 |  |  |  | 12,830,695 |  |  |  | - |  |  |  | 13,239,899 |
Wages and administrative salaries |  |  | 90,043 |  |  |  | 3,653,182 |  |  |  | - |  |  |  | 3,743,225 |
Office & Miscellaneous |  |  | 45,327 |  |  |  | 759,410 |  |  |  | 570 |  |  |  | 805,307 |
Other segment items (2) |  |  | 57,056 |  |  |  | 2,699,196 |  |  |  | 419,709 |  |  |  | 3,175,961 |
Net operating income |  |  | 216,778 |  |  |  | 5,718,907 |  |  |  | (420,279 | ) |  |  | 5,515,406 |
Interest expense |  |  | 309 |  |  |  | 609,956 |  |  |  | - |  |  |  | 610,265 |
Depreciation and amortization (included in COGS) |  |  | 15,298 |  |  |  | 1,942,178 |  |  |  | - |  |  |  | 1,957,476 |
Capital expenditures |  |  | - |  |  |  | 4,964,736 |  |  |  | - |  |  |  | 4,964,736 |
Assets (3) |  |  | 2,588,731 |  |  |  | 56,415,104 |  |  |  | 964,744 |  |  |  | 59,968,579 |
Year ended December 31, 2023:
|  | EWCP |  |  | BPCA |  |  | Other (1) |  |  | Consolidated |
Sales |  | $ | 572,845 |  |  | $ | 37,751,961 |  |  | $ | - |  |  | $ | 38,324,806 |
Cost of sales |  |  | 359,429 |  |  |  | 27,522,292 |  |  |  | - |  |  |  | 27,881,721 |
Gross profit |  |  | 213,416 |  |  |  | 10,229,669 |  |  |  | - |  |  |  | 10,443,085 |
Wages and administrative salaries |  |  | 92,302 |  |  |  | 3,772,359 |  |  |  | - |  |  |  | 3,864,661 |
Office & Miscellaneous |  |  | 46,968 |  |  |  | 465,535 |  |  |  | 393 |  |  |  | 512,896 |
Other segment items (2) |  |  | 79,809 |  |  |  | 2,109,582 |  |  |  | 376,581 |  |  |  | 2,565,972 |
Net operating income |  |  | (5,663 | ) |  |  | 3,885,680 |  |  |  | (376,975 | ) |  |  | 3,503,042 |
Interest expense |  |  | 387 |  |  |  | 498,279 |  |  |  | - |  |  |  | 498,666 |
Depreciation (included in COGS) |  |  | 17,411 |  |  |  | 1,668,908 |  |  |  | - |  |  |  | 1,686,319 |
Capital expenditures |  |  | - |  |  |  | 4,990,675 |  |  |  | - |  |  |  | 4,990,675 |
Assets (3) |  |  | 3,889,596 |  |  |  | 50,627,932 |  |  |  | 953,527 |  |  |  | 55,471,055 |
(1) |  | Other is not considered an operating segment and includes expenses and income not identifiable to an operating segment and is not included in operating segment results
(2) |  | Other segment items for each reportable segment includes insurance, consulting, research, and professional fees.
(3) |  | Segment assets include cash, term deposits, accounts receivable, inventory, prepaid expenses, property, equipment and leaseholds, right of use assets, security deposits, intangible assets, and goodwill.
Sales by territory are shown below: SCHEDULE OF REVENUE GENERATED IN UNITED STATES AND CANADA
|  | 2024 |  |  | 2023 |
Canada |  | $ | 400,693 |  |  | $ | 755,844 |
United States and abroad |  |  | 37,834,167 |  |  |  | 37,568,962 |
Total |  | $ | 38,234,860 |  |  | $ | 38,324,806 |
The Company’s long-lived assets (property, equipment, leaseholds, right of use assets, intangibles, and goodwill) are located in Canada and the United States as follows: SCHEDULE OF LONG-LIVED ASSETS ARE LOCATED IN CANADA AND UNITED STATE
|  | 2024 |  |  | 2023 |
Canada |  | $ | 116,496 |  |  | $ | 142,577 |
United States |  |  | 21,683,963 |  |  |  | 17,958,778 |
Total |  | $ | 21,800,459 |  |  | $ | 18,101,355 |
Three customers accounted for $20,779,311 (54%) of sales made in 2024 (2023 - $20,482,798 or 53%).

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- 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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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