BUSINESS SEGMENTS (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Segment Reporting [Abstract] |
|
| Schedule of operations of business segments |
| Schedule of operations of business segments | |
| | |
| |
| Revenues: | |
2025 | | |
2024 | |
| Product sales | |
$ | 2,263,047 | | |
$ | 2,134,434 | |
| Royalties | |
| 5,671 | | |
| 10,936 | |
| Products subtotal | |
| 2,268,718 | | |
| 2,145,370 | |
| Rentals | |
| 8,316 | | |
| 8,073 | |
| Total | |
| 2,277,034 | | |
| 2,153,443 | |
| | |
| | | |
| | |
| Gross profit: | |
| | | |
| | |
| Product sales | |
| 899,242 | | |
| 819,355 | |
| Royalties | |
| 5,671 | | |
| 10,936 | |
| Products subtotal | |
| 904,913 | | |
| 830,291 | |
| Rentals | |
| 3,653 | | |
| 5,016 | |
| Total | |
| 908,566 | | |
| 835,307 | |
| | |
| | | |
| | |
| Interest expense: | |
| | | |
| | |
| Product sales | |
| 23,454 | | |
| 8,895 | |
| Royalties | |
| — | | |
| — | |
| Products subtotal | |
| 23,454 | | |
| 8,895 | |
| Rentals | |
| 1,041 | | |
| 1,255 | |
| Total | |
| 24,495 | | |
| 10,150 | |
| | |
| | | |
| | |
| Net income (loss) before taxes: | |
| | | |
| | |
| Product sales | |
| (300,969 | ) | |
| (387,402 | ) |
| Royalties | |
| 5,671 | | |
| 10,936 | |
| Products subtotal | |
| (295,298 | ) | |
| (376,466 | ) |
| Rentals | |
| 2,612 | | |
| 3,761 | |
| Total | |
$ | (292,686 | ) | |
$ | (372,705 | ) |
|
| Schedule of significant segment expenses |
| Schedule of significant segment expenses | |
| | |
| |
| | |
Three
Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| Product sales | |
$ | 2,263,047 | | |
$ | 2,134,434 | |
| Cost of sales | |
| (1,363,805 | ) | |
| (1,312,212 | ) |
| Gross profit | |
| 899,242 | | |
| 822,222 | |
| Less: research, development and sustaining engineering | |
| (469,680 | ) | |
| (555,599 | ) |
| Sales and marketing | |
| (334,556 | ) | |
| (345,009 | ) |
| General and administrative | |
| (384,878 | ) | |
| (314,925 | ) |
| Interest income | |
| 12,357 | | |
| 17,672 | |
| Interest expense | |
| (24,495 | ) | |
| (10,150 | ) |
| Operating loss before royalties and building rentals | |
| (302,010 | ) | |
| (385,789 | ) |
| Royalties | |
| 5,671 | | |
| 10,936 | |
| Building rentals operating income | |
| 3,653 | | |
| 2,148 | |
| Operating (loss) before taxes | |
$ | (292,686 | ) | |
$ | (372,705 | ) |
|
| Schedule of domestic and international product |
| Schedule of domestic and international product | | |
| | |
| |
| | | |
Three Months Ended March 31, | |
| | | |
2025 | | |
2024 | |
| | Domestic | | |
$ | 1,599,796 | | |
$ | 1,629,080 | |
| | International | | |
| 663,251 | | |
| 505,354 | |
| | Total | | |
$ | 2,263,047 | | |
$ | 2,134,434 | |
|
| Schedule of products segment |
| Schedule of products segment | |
| | |
| |
| | |
2025 | | |
2024 | |
| Property, plant and equipment | |
$ | — | | |
$ | 16,572 | |
| Research and development equipment, software and space modifications purchased or placed in service | |
| 17,348 | | |
| 41,858 | |
| Research and development equipment, software and space modifications placed in service | |
| 1,200 | | |
| — | |
| Patent filing cost | |
| — | | |
| 21,708 | |
| Total | |
$ | 18,548 | | |
$ | 80,138 | |
|
| Schedule of disaggregation |
| Schedule of disaggregation | |
| | |
| |
| Product sales: | |
2025 | | |
2024 | |
| Product sales and supplies | |
$ | 2,111,570 | | |
$ | 1,911,824 | |
| Training, certification and data recording | |
| 128,558 | | |
| 204,059 | |
| Service plans and equipment rental | |
| 22,919 | | |
| 18,551 | |
| Product sales subtotal | |
| 2,263,047 | | |
| 2,134,434 | |
| Royalties | |
| 5,671 | | |
| 10,936 | |
| Rental income | |
| 8,316 | | |
| 8,073 | |
| Total revenues | |
$ | 2,277,034 | | |
$ | 2,153,443 | |
|