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Note 12 - Segment Reporting

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 12 – 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								For the Six Months Ended
		June 30,								June 30,
		2022				2021				2022				2021
Revenue
Water		$	2,144,011			$	1,080,004			$	2,737,002			$	2,237,340
Ceramics			1,812,334				1,810,743				3,692,452				3,741,807
Plastics			1,035,705				1,016,370				2,174,302				1,830,396
Corporate			26,242				109,466				51,772				204,897
Total consolidated Revenue			5,018,292				4,016,563				8,655,528				8,014,440

		For the Three Months Ended								For the Six Months Ended
		June 30,								June 30,
		2022				2021				2022				2021
Income (Loss)
Water		$	37,252			$	(944,122	)		$	(756,696	)		$	(1,580,562	)
Ceramics			(1,689,972	)			(1,457,862	)			(2,746,320	)			(1,882,398	)
Plastics			(132,198	)			(275,324	)			(239,600	)			(528,303	)
Other			(4,722,141	)			(420,800	)			(6,510,867	)			(1,566,274	)
Total consolidated Loss			(6,507,059	)			(3,098,108	)			(10,253,483	)			(5,557,537	)

		As of
Total Assets		June 30, 2022				December 31, 2021
Water		$	7,496,259			$	7,767,679
Ceramics			15,280,659				13,961,057
Plastics			1,392,470				1,645,879
Other			21,351,528				21,680,077
Total consolidated Assets		$	45,520,916			$	45,054,692

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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