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Note 11 - Segment Reporting
 3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 11 – SEGMENT REPORTING

 

The Company operates in three segments: Water, Ceramics and Plastics. Effective as of January 1, 2020, the group structure was changed, with shared group activities 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 Three Months

Ended

 
  

March 31,

 
  

2022

  

2021

 

Revenue

        

Water

 $592,990  $1,157,336 

Ceramics

  1,880,118   1,931,065 

Plastics

  1,138,597   814,025 

Corporate

  25,531   95,451 

Total consolidated Revenue

  3,637,236   3,997,877 

 

 

  

For the Three Months

Ended

 
  

March 31,

 
  

2022

  

2021

 

Income (Loss)

        

Water

 $(793,949

)

 $(636,439

)

Ceramics

  (1,056,348

)

  (424,535

)

Plastics

  (107,402

)

  (252,979

)

Other

  (1,788,725

)

  (1,145,476

)

Total consolidated Loss

  (3,746,424

)

  (2,459,429

)

 

  

As of

 

Total Assets

 

March 31,

2022

  

December 31,

2021

 

Water

 $7,400,400  $7,767,679 

Ceramics

  14,029,312   13,961,057 

Plastics

  1,737,388   1,645,879 

Other

  17,264,124   21,680,077 

Total consolidated Assets

 $40,431,224  $45,054,692