v3.25.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting

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)