| Schedule of (Loss) Income from Operations by Reporting Segments |
Segment details for the three and six month periods ended June 30, 2025 and 2024, are as follows:
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|
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|
|
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For the Three Months Ended June 30, 2025 |
|
|
For the Three Months Ended June 30, 2024 |
|
|
OSS |
|
Bressner |
|
Total |
|
|
OSS |
|
Bressner |
|
Total |
|
Revenues |
$ |
5,760,711 |
|
$ |
8,347,874 |
|
$ |
14,108,585 |
|
|
$ |
5,522,034 |
|
$ |
7,679,296 |
|
$ |
13,201,330 |
|
Cost of revenues |
|
(3,378,840 |
) |
|
(6,317,467 |
) |
|
(9,696,307 |
) |
|
|
(4,145,968 |
) |
|
(5,722,099 |
) |
|
(9,868,067 |
) |
Gross profit |
|
2,381,871 |
|
|
2,030,407 |
|
|
4,412,278 |
|
|
|
1,376,065 |
|
|
1,957,197 |
|
|
3,333,263 |
|
Gross margin % |
|
41.3 |
% |
|
24.3 |
% |
|
31.3 |
% |
|
|
24.9 |
% |
|
25.5 |
% |
|
25.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative |
|
(1,907,425 |
) |
|
(478,776 |
) |
|
(2,386,201 |
) |
|
|
(2,009,289 |
) |
|
(398,109 |
) |
|
(2,407,398 |
) |
Marketing and selling |
|
(1,658,753 |
) |
|
(666,377 |
) |
|
(2,325,130 |
) |
|
|
(1,626,586 |
) |
|
(628,542 |
) |
|
(2,255,128 |
) |
Research & development |
|
(1,362,070 |
) |
|
(162,830 |
) |
|
(1,524,900 |
) |
|
|
(770,541 |
) |
|
(155,060 |
) |
|
(925,602 |
) |
Total operating expenses |
|
(4,928,248 |
) |
|
(1,307,983 |
) |
|
(6,236,231 |
) |
|
|
(4,406,417 |
) |
|
(1,181,711 |
) |
|
(5,588,128 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from operations |
$ |
(2,546,377 |
) |
$ |
722,424 |
|
$ |
(1,823,953 |
) |
|
$ |
(3,030,351 |
) |
$ |
775,486 |
|
$ |
(2,254,865 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, 2025 |
|
|
For the Six Months Ended June 30, 2024 |
|
|
OSS |
|
Bressner |
|
Total |
|
|
OSS |
|
Bressner |
|
Total |
|
Revenues |
$ |
10,967,521 |
|
$ |
15,400,151 |
|
$ |
26,367,672 |
|
|
$ |
11,055,906 |
|
$ |
14,797,210 |
|
$ |
25,853,116 |
|
Cost of revenues |
|
(6,216,441 |
) |
|
(11,741,962 |
) |
|
(17,958,403 |
) |
|
|
(7,787,064 |
) |
|
(11,009,496 |
) |
|
(18,796,560 |
) |
Gross profit |
|
4,751,080 |
|
|
3,658,189 |
|
|
8,409,269 |
|
|
|
3,268,842 |
|
|
3,787,714 |
|
|
7,056,556 |
|
Gross margin % |
|
43.3 |
% |
|
23.8 |
% |
|
31.9 |
% |
|
|
29.6 |
% |
|
25.6 |
% |
|
27.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative |
|
(3,815,809 |
) |
|
(936,762 |
) |
|
(4,752,571 |
) |
|
|
(3,705,678 |
) |
|
(796,036 |
) |
|
(4,501,715 |
) |
Marketing and selling |
|
(3,265,629 |
) |
|
(1,277,690 |
) |
|
(4,543,319 |
) |
|
|
(2,952,910 |
) |
|
(1,222,331 |
) |
|
(4,175,241 |
) |
Research & development |
|
(2,567,212 |
) |
|
(314,980 |
) |
|
(2,882,192 |
) |
|
|
(1,595,098 |
) |
|
(301,381 |
) |
|
(1,896,479 |
) |
Total operating expenses |
|
(9,648,650 |
) |
|
(2,529,432 |
) |
|
(12,178,082 |
) |
|
|
(8,253,686 |
) |
|
(2,319,749 |
) |
|
(10,573,435 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from operations |
$ |
(4,897,570 |
) |
$ |
1,128,757 |
|
$ |
(3,768,813 |
) |
|
$ |
(4,984,844 |
) |
$ |
1,467,965 |
|
$ |
(3,516,879 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
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|
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|
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|
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|
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|
|
For the Three Months Ended June 30, 2025 |
|
|
For the Three Months Ended June 30, 2024 |
|
|
OSS |
|
Bressner |
|
Total |
|
|
OSS |
|
Bressner |
|
Total |
|
Interest income |
$ |
50,296 |
|
$ |
- |
|
$ |
50,296 |
|
|
$ |
118,619 |
|
$ |
- |
|
$ |
118,619 |
|
Interest expense |
|
- |
|
|
(13,690 |
) |
|
(13,690 |
) |
|
|
(1,535 |
) |
|
(17,568 |
) |
|
(19,103 |
) |
Depreciation |
|
(195,657 |
) |
|
(31,505 |
) |
|
(227,162 |
) |
|
|
(194,384 |
) |
|
(23,026 |
) |
|
(217,410 |
) |
Stock based compensation expense |
|
(483,350 |
) |
|
(32,424 |
) |
|
(515,774 |
) |
|
|
(529,499 |
) |
|
(27,698 |
) |
|
(557,198 |
) |
Capital expenditures |
|
(49,756 |
) |
|
(110,780 |
) |
|
(160,536 |
) |
|
|
(22,723 |
) |
|
(14,203 |
) |
|
(36,926 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, 2025 |
|
|
For the Six Months Ended June 30, 2024 |
|
|
OSS |
|
Bressner |
|
Total |
|
|
OSS |
|
Bressner |
|
Total |
|
Interest income |
$ |
123,362 |
|
$ |
(555 |
) |
$ |
122,807 |
|
|
$ |
260,344 |
|
$ |
- |
|
$ |
260,344 |
|
Interest expense |
|
- |
|
|
(27,876 |
) |
|
(27,876 |
) |
|
|
(3,864 |
) |
|
(50,581 |
) |
|
(54,445 |
) |
Depreciation |
|
(390,437 |
) |
|
(60,572 |
) |
|
(451,009 |
) |
|
|
(508,374 |
) |
|
(54,904 |
) |
|
(563,278 |
) |
Stock based compensation expense |
|
(1,061,755 |
) |
|
(66,580 |
) |
|
(1,128,335 |
) |
|
|
(910,541 |
) |
|
(55,397 |
) |
|
(965,938 |
) |
Capital expenditures |
|
(56,197 |
) |
|
(117,132 |
) |
|
(173,329 |
) |
|
|
(91,859 |
) |
|
(112,235 |
) |
|
(204,094 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
December 31, 2024 |
|
|
OSS |
|
Bressner |
|
Total |
|
|
OSS |
|
Bressner |
|
Total |
|
Total assets |
$ |
17,323,911 |
|
$ |
22,051,907 |
|
$ |
39,375,818 |
|
|
$ |
20,552,197 |
|
$ |
16,381,785 |
|
$ |
36,933,982 |
|
|