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Note 3 - Disaggregation of Revenues and Segment Reporting

3 Months Ended

Mar. 31, 2025

Disaggregation of Revenues and Segment Reporting [Text Block]

NOTE 3 – DISAGGREGATION OF REVENUES AND SEGMENT REPORTING

The Company operates in three reportable segments: Water, Ceramics, and Plastics.

The Company sells products throughout the world, and sales by geographical region are as follows for the three months ended March 31, 2025 and 2024:

	*For the Three Months*
	*Ended March 31,*
	*2025*		*2024*
Americas	$	2,233,901	$	1,197,197
Asia-Pacific		134,455		342,961
Europe		2,249,185		2,650,915
Middle East & Africa		-		44,271
Total revenue	$	4,617,541	$	4,235,344

The Company’s sales by segment are as follows for the three months ended March 31, 2025 and 2024:

	For the Three Months
	Ended March 31,
Revenues	2025		2024
Water	$	2,693,722	$	1,548,666
Ceramics		953,846		1,806,336
Plastics		969,973		880,342
Corporate		-		-
Total revenues	$	4,617,541	$	4,235,344

The Company’s income and total assets by segment are as follows:

	*For the Three Months*
	*Ended March 31,*
Net loss	*2025*			*2024*
Water	$	(73,345	)	$	(434,488	)
Ceramics		(1,003,561	)		(978,673	)
Plastics		(117,480	)		(273,768	)
Corporate		(1,163,956	)		(701,366	)
Total net loss		(2,358,342	)		(2,388,295	)

	*As of*
	*March 31,*		*December 31,*
Total assets	*2025*		*2024*
Water	$	8,356,601	$	8,235,726
Ceramics		10,644,618		10,679,025
Plastics		1,986,104		1,670,644
Corporate		11,583,515		11,842,084
Total assets	$	32,570,838	$	32,427,479