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Segment Reporting
 6 Months Ended
Jun. 30, 2023
Segment Reporting  
Segment Reporting

(4) Segment Reporting

 

ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.

 

The following table presents summary information by segment for the three months ended June 30, 2023: 

 

 

 

AmpliTech Inc.

 

 

Spectrum

 

 

Corporate

 

 

Total

 

Revenues

 

$1,762,577

 

 

$2,310,654

 

 

 

-

 

 

$4,073,231

 

Cost of goods sold

 

 

927,953

 

 

 

1,224,069

 

 

 

-

 

 

 

2,152,022

 

Net income (loss)

 

 

(792,308 )

 

 

473,005

 

 

 

(153,458 )

 

 

(472,761 )

Total assets

 

 

13,156,526

 

 

 

17,256,592

 

 

 

3,884,120

 

 

 

34,297,238

 

Depreciation and amortization

 

 

83,408

 

 

 

32,270

 

 

 

-

 

 

 

115,678

 

Interest income (expense), net

 

 

10,476

 

 

 

134

 

 

 

(3,296 )

 

 

7,314

 

The following table presents summary information by segment for the six months ended June 30, 2023:  

 

 

 

 

AmpliTech Inc.

 

 

Spectrum

 

 

Corporate

 

 

Total

 

Revenues

 

$2,984,776

 

 

$5,200,754

 

 

 

-

 

 

$8,185,530

 

Cost of goods sold

 

 

1,641,882

 

 

 

2,759,658

 

 

 

-

 

 

 

4,401,540

 

Net income (loss)

 

 

(1,801,840 )

 

 

1,193,859

 

 

 

(446,746 )

 

 

(1,054,727 )

Total assets

 

 

13,156,526

 

 

 

17,256,592

 

 

 

3,884,120

 

 

 

34,297,238

 

Depreciation and amortization

 

 

165,583

 

 

 

64,540

 

 

 

-

 

 

 

230,123

 

Interest income (expense), net

 

 

27,415

 

 

 

59

 

 

 

(6,389 )

 

 

21,085