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Note 11 - Segment Reporting
 9 Months Ended
Sep. 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  For the Nine Months 
  

Ended

  

Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

  

2023

  

2022

 

Revenue

                

Water

 $2,629,910  $785,046  $6,135,127  $3,522,049 

Ceramics

  1,608,763   1,854,981   4,807,600   5,548,951 

Plastics

  656,693   665,507   2,951,376   2,839,809 

Corporate

  175,080   -   177,881   50,253 

Total consolidated Revenue

  5,070,446   3,305,534   14,071,984   11,961,062 

 

  For the Three Months  For the Nine Months 
  

Ended

  

Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

  

2023

  

2022

 

Income (Loss)

                

Water

 $177,446  $(107,681

)

 $(283,590

)

 $(864,378

)

Ceramics

  (531,682

)

  (772,862

)

  (1,532,455

)

  (3,519,182

)

Plastics

  (365,978

)

  (152,492

)

  (499,312

)

  (392,092

)

Corporate

  (694,016

)

  (719,629

)

  (3,043,668

)

  (7,230,495

)

Total consolidated Loss

  (1,414,230

)

  (1,752,664

)

  (5,359,025

)

  (12,006,147

)

 

  

As of

 

Total Assets

 

September 30,

2023

  

December 31,

2022

 

Water

 $9,114,839  $7,781,211 

Ceramics

  14,900,727   13,808,529 

Plastics

  894,434   1,099,019 

Corporate

  11,929,028   17,436,896 

Total consolidated Assets

 $36,839,028  $40,125,655