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Note 14 - Segment Reporting
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 14 – 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

 

2022

  

2021

 

Water

 $5,297,286  $7,196,465 

Ceramics

  6,844,861   7,183,868 

Plastics

  3,528,606   3,615,681 

Other

  311,685   277,428 

Total consolidated revenue

 $15,982,438  $18,273,442 

 

  

For the Year Ended December 31,

 

Loss

 

2022

  

2021

 

Water

 $(1,072,530

)

 $(1,411,196

)

Ceramics

  (4,648,768

)

  (3,330,840

)

Plastics

  (794,942

)

  (1,317,293

)

Other

  (7,652,867

)

  (5,067,631

)

Total consolidated Loss

 $(14,169,107

)

 $(11,126,960

)

 

  

For the Year Ended December 31,

 

Total assets

 

2022

  

2021

 

Water

 $7,781,211  $7,767,679 

Ceramics

  13,808,529   13,961,057 

Plastics

  1,099,019   1,645,879 

Other

  17,436,896   21,680,077 

Total consolidated assets

 $40,125,655  $45,054,692