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Note 12 - Segment Reporting
 9 Months Ended
Sep. 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 Nine Months

Ended

 
  

September 30,

  

September 30,

 
  

2022

  

2021

  

2022

  

2021

 

Revenue

                

Water

 $785,046  $1,493,549  $3,522,049  $3,730,889 

Ceramics

  1,854,981   1,703,057   5,548,951   5,444,863 

Plastics

  665,507   855,896   2,839,809   2,686,292 

Corporate

  -   90,452   50,253   295,350 

Total consolidated Revenue

  3,305,534   4,142,954   11,961,062   12,157,394 

 

  

For the Three Months

Ended

  

For the Nine Months

Ended

 
  

September 30,

  

September 30,

 
  

2022

  

2021

  

2022

  

2021

 

Income (Loss)

                

Water

 $(107,681

)

 $(531,868

)

 $(864,378

)

 $(2,112,430

)

Ceramics

  (772,862

)

  (798,615

)

  (3,519,182

)

  (2,681,013

)

Plastics

  (152,492

)

  (358,880

)

  (392,092

)

  (887,184

)

Other

  (719,629

)

  (1,214,593

)

  (7,230,495

)

  (2,780,866

)

Total consolidated Loss

  (1,752,664

)

  (2,903,956

)

  (12,006,147

)

  (8,461,493

)

 

  

As of

 
  

September 30,

2022

  

December 31,

2021

 
Total Assets         

Water

 $6,874,447  $7,767,679 

Ceramics

  13,889,897   13,961,057 

Plastics

  1,207,357   1,645,879 

Other

  18,679,632   21,680,077 

Total consolidated Assets

 $40,651,333  $45,054,692