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Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting

(5) Segment Reporting

 

ASC Topic 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. Operating segments are components of an enterprise for which separate discrete financial information is available and regularly evaluated by the CODM to allocate resources and assess performance. The Company has identified its Chief Executive Officer (“CEO”) as the CODM and has determined that it operates in two reportable segments: the manufacturing and engineering segment, which is operated by AmpliTech Inc. and Specialty Microwave: and the distribution segment, which is operated by Spectrum. The manufacturing and engineering segment assembles microwave components, and the distribution segment is a global distributor of integrated circuits packages and lids. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate” below and include costs associated with executive management, financing activities and public company compliance.

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Nine Months Ended September 30, 2025 and 2024

 

The following table presents summary information by segment for the three months ended September 30, 2025:

  

   Manufacturing and Engineering   Distribution   Corporate   Total 
Revenue  $3,977,864   $2,115,968   $-   $6,093,832 
Cost of Goods Sold   2,192,829    941,360    -    3,134,189 
Net Income/(Loss)
   (282,636)   491,721    (397,458)   (188,373)
Research and development
   699,319    -    -    699,319 
Investment in long lived assets   11,660,367    -    -    11,660,367 
Total Assets   18,644,140    17,146,983    11,448,264    47,239,387 
Depreciation and Amortization   165,978    28,517    186,599    381,094 
Interest Income (Expense), net   33,685    -    (818)   32,867 

 

The following table presents summary information by segment for the nine months ended September 30, 2025:

 

   Manufacturing and Engineering   Distribution   Corporate   Total 
Revenue  $14,281,856   $6,437,002   $-   $20,718,858 
Cost of Goods Sold   12,176,009    3,532,457    -    15,708,466 
Net Income (Loss)   (3,281,959)   833,028    (1,351,588)   (3,800,519)
Research and development   2,097,787    -    -    2,097,787 
Investment in long lived assets   11,660,367    -    -    11,660,367 
Total Assets   18,644,140    17,146,983    11,448,264    47,239,387 
Depreciation and Amortization   362,354    85,959    310,999    759,312 
Interest Income (Expense), net   115,279    -    (3,722)   111,557