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Note 13 - Segment Reporting
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 13 – SEGMENT REPORTING

 

The Company operates in three segments: Water, Ceramics and Plastics. Effective as of January 1, 2020, the group structure was changed so that shared group activities were transferred to an individual reporting unit separated from the business units. Costs and assets for these activities were therefore separated during 2020.

 

Segment information for the business areas is as follows:

 

  

For the Year Ended December 31,

 

Revenues

 

2021

  

2020

 

Water

 $7,196,465  $13,615,904 

Ceramics

  7,183,868   5,663,830 

Plastics

  3,615,681   2,647,366 

Other

  277,428   599,101 

Total consolidated revenue

 $18,273,442  $22,526,201 

 

 

  

For the Year Ended December 31,

 

Income (Loss)

 

2021

  

2020

 

Water

 $(1,411,196

)

 $(1,083,578

)

Ceramics

  (3,330,840

)

  (3,532,137

)

Plastics

  (1,317,293

)

  (882,038

)

Other

  (5,067,631

)

  (4,310,607

)

Total consolidated Income (Loss)

 $(11,126,960

)

 $(9,808,360

)

 

 

  

For the Year Ended December 31,

 

Total assets

 

2021

  

2020

 

Water

 $7,767,679  $14,033,107 

Ceramics

  13,961,057   16,734,371 

Plastics

  1,645,879   2,022,381 

Other

  21,680,077   9,420,278 

Total consolidated assets

 $45,054,692  $42,210,137