v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

(6) Segment Reporting

 

ASC Topic 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. Operating segments are components of an enterprise for which separate discrete financial information is available and regularly evaluated by the CODM to allocate resources and assess performance. The Company has identified its Chief Executive Officer (“CEO”) as the CODM and has determined that it operates in two reportable segments; the manufacturing and engineering segment, which is operated by AmpliTech Inc. and Specialty Microwave: and the distribution segment, which is operated by Spectrum. The manufacturing and engineering segment assembles microwave components, and the distribution segment is a global distributor of integrated circuits packages and lids. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate” below and include costs associated with executive management, financing activities and public company compliance.

 

The following table presents summary information by segment for the three months ended March 31, 2025: 

 

   Manufacturing and Engineering   Distribution   Corporate   Total 
Revenue  $985,536   $2,613,563   $-   $3,599,099 
Cost of Goods Sold   767,054    1,644,175    -    2,411,229 
Net Income/(Loss)   (1,583,194)   219,491    (476,818)   (1,840,521)
Research and development   739,673    -    -    739,673 
Total Assets   22,386,921    16,074,839    3,601,275    42,063,035 
Depreciation and Amortization   93,273    28,787    -    122,060 
Interest Income (Expense), net   39,571    -    9,926   49,497 

 

The following table presents summary information by segment for the three months ended March 31, 2024: 

 

   Manufacturing and Engineering   Distribution   Corporate   Total 
Revenue  $1,040,867   $1,252,464   $-   $2,293,331 
Cost of Goods Sold   775,471    635,230    -    1,410,701 
Net Income (Loss)   (1,004,973)   (48,947)   (3,601,241)   (4,655,161)
Research and development   276,755    -    -    276,755 
Total Assets   10,980,634    15,386,131    502,234    26,868,999 
Depreciation and Amortization   100,201    28,922    -    129,123 
Interest Income (Expense), net   (1,680)   -    (2,663)   (4,343)

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Three Months Ended March 31, 2025 and 2024