XML 47 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Note 11 - Segment Reporting
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 11 – SEGMENT REPORTING

 

The Company operates in 3 main segments, Water, Ceramics and Plastics. With effect from January 1, 2020, the group structure was changed as shared group activities was transferred to an individual reporting unit separated from the business units. Costs and assets for these activities were therefore separated in the fiscal year 2020 while they in 2019 was included in primarily Water and Ceramics.

 

Segment information for the business areas is as follows:

 

 

  

For the Year Ended December 31,

 

Revenues

 

2020

  

2019

 

Water

 $13,615,904  $24,570,867 

Ceramics

  5,663,830   6,546,432 

Plastics

  2,647,366   895,203 

Other

  599,101   624,982 

Total consolidated revenue

 $22,526,201  $32,637,484 

 

 

 

  

For the Year Ended December 31,

 

Income (Loss)

 

2020

  

2019

 

Water

 $(1,083,578

)

 $1,713,150 

Ceramics

  (3,532,137

)

  (600,939

)

Plastics

  (882,038

)

  49,440 

Other

  (4,310,607

)

  (1,122,035

)

Total consolidated Income (Loss)

 $(9,808,360

)

 $39,616 

 

 

 

  

For the Year Ended December 31,

 

Total assets

 

2020

  

2019

 

Water

 $14,033,107  $14,718,598 

Ceramics

  16,734,371   21,499,120 

Plastics

  2,022,381   2,177,791 

Other

  9,420,278   193,543 

Total consolidated assets

 $42,210,137  $38,589,723