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Note 11 - Segment Reporting
 3 Months Ended
Mar. 31, 2023
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,

 
  

2023

  

2022

 

Revenue

        

Water

 $1,434,919  $592,990 

Ceramics

  1,409,372   1,880,118 

Plastics

  1,167,228   1,138,597 

Corporate

  -   25,531 

Total consolidated Revenue

  4,011,519   3,637,236 

 

  

For the Three Months

Ended

 
  

March 31,

 
  

2023

  

2022

 

Income (Loss)

        

Water

 $(463,475

)

 $(793,949

)

Ceramics

  (561,684

)

  (1,056,348

)

Plastics

  (66,061

)

  (107,402

)

Other

  (1,298,283

)

  (1,788,725

)

Total consolidated Loss

  (2,389,503

)

  (3,746,424

)

 

  

As of

 

Total Assets

 

March 31,

2023

  

December 31,

2022

 

Water

 $8,285,608  $7,781,211 

Ceramics

  13,924,728   13,808,529 

Plastics

  1,272,322   1,099,019 

Other

  15,259,076   17,436,896 

Total consolidated Assets

 $38,741,734  $40,125,655