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Note 11 - Segment Reporting
 6 Months Ended
Jun. 30, 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

  

For the Six Months Ended

 
  

June 30,

  

June 30,

 
  

2023

  

2022

  

2023

  

2022

 

Revenue

                

Water

 $2,070,298  $2,144,011  $3,505,217  $2,737,002 

Ceramics

  1,789,465   1,812,334   3,198,837   3,692,452 

Plastics

  1,127,455   1,035,705   2,294,683   2,174,302 

Corporate

  2,801   26,242   2,801   51,772 

Total consolidated Revenue

  4,990,019   5,018,292   9,001,538   8,655,528 

 

  

For the Three Months Ended

  

For the Six Months Ended

 
  

June 30,

  

June 30,

 
  

2023

  

2022

  

2023

  

2022

 

Income (Loss)

                

Water

 $2,439  $37,252  $(461,036

)

 $(756,696

)

Ceramics

  (439,090

)

  (1,689,972

)

  (1,000,774

)

  (2,746,320

)

Plastics

  (67,272

)

  (132,198

)

  (133,333

)

  (239,600

)

Corporate  (1,051,369

)

  (4,722,141

)

  (2,349,652

)

  (6,510,867

)

Total consolidated Loss

  (1,555,292

)

  (6,507,059

)

  (3,944,795

)

  (10,253,483

)

 

  

As of

 

Total Assets

 

June 30,

2023

  

December 31,

2022

 

Water

 $8,795,824  $7,781,211 

Ceramics

  14,484,687   13,808,529 

Plastics

  1,216,916   1,099,019 
Corporate  12,824,285   17,436,896 

Total consolidated Assets

 $37,321,712  $40,125,655