Fastener

Assembly Equipment

Unallocated Corporate

Consolidated

Three Months Ended September 30, 2024:

Net sales

$

5,927,316

$

1,042,605

-

$

6,969,921

Depreciation

305,612

18,384

540

324,536

Segment operating profit

95,902

(111,368

)

-

(15,466

)

Selling and administrative expenses

-

-

(808,105

)

(808,105

)

Interest income

-

-

28,146

28,146

Loss before income taxes

$

(795,425

)

Capital expenditures

307,773

2,959

-

310,732

Segment assets:

Accounts receivable, net

4,270,096

336,704

-

4,606,800

Inventories, net

6,032,338

1,372,444

-

7,404,782

Assets held for sale

-

348,400

-

348,400

Property, plant and equipment, net

8,935,154

1,042,448

1,019,052

10,996,654

Other assets

-

-

3,034,879

3,034,879

$

26,391,515

Three Months Ended September 30, 2023:

Net sales

$

6,977,441

$

968,731

-

$

7,946,172

Depreciation

276,989

30,732

602

308,323

Segment operating profit (loss)

(773,213

)

166,927

-

(606,286

)

Selling and administrative expenses

-

-

(625,701

)

(625,701

)

Interest income

-

-

16,945

16,945

Loss before income taxes

$

(1,215,042

)

Capital expenditures

189,614

-

—

189,614

Segment assets:

Accounts receivable, net

5,410,548

395,760

-

5,806,308

Inventories, net

7,269,490

1,525,706

-

8,795,196

Property, plant and equipment, net

9,672,334

1,211,301

1,007,590

11,891,225

Other assets

-

-

3,592,401

3,592,401

$

30,085,130

Nine Months Ended September 30, 2024:

Net sales

$

19,560,720

$

3,321,859

-

$

22,882,579

Depreciation

890,986

77,352

1,620

969,958

Segment operating profit

195,190

575,173

-

770,363

Selling and administrative expenses

-

-

(2,388,393

)

(2,388,393

)

Interest income

-

-

101,285

101,285

Loss before income taxes

$

(1,516,745

)

Capital expenditures

427,000

282,395

-

709,396

Nine Months Ended September 30, 2023:

Net sales

$

22,195,367

$

2,531,461

-

$

24,726,828

Depreciation

822,304

92,196

5,930

920,430

Segment operating profit (loss)

(2,294,932

)

443,408

-

(1,851,524

)

Selling and administrative expenses

-

-

(1,845,437

)

(1,845,437

)

Interest income

-

-

79,276

79,276

Loss before income taxes

$

(3,617,685

)

Capital expenditures

932,309

-

17,553

949,862