v3.25.2
Segment Information
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information [Text Block]

Note 13 - Segment Information

The Company manages its operations as a single operating segment for the purpose of assessing performance and making operating decisions, resulting in a single reportable segment. The Company has determined that its Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. The Company's CODM reviews the Company's financial information on a consolidated basis for the purpose of making key operating decisions, allocating resources and assessing financial performance.

The key measure of segment profit or loss that the CODM uses to allocate resources and assess performance is the Company's consolidated net income (loss), as reported on the consolidated statements of operations and comprehensive income (loss). In addition, the CODM is regularly provided the significant segment expense categories included in the table below, which are reviewed against budgeted expectations to assist in resource allocation decision-making. The CODM does not review assets in evaluating operating performance, and therefore, such information is not presented. 

The following table presents selected financial information with respect to the Company's single operating segment for the six months ended June 30, 2025 and 2024:

    2025     2024  
             
Revenues $ 31,544,203   $ 20,693,165  
Cost of Revenues   17,933,997     12,763,419  
Gross Profit   13,610,206     7,929,746  
             
Product Royalty Income   133,604     132,083  
             
Operating Expenses            
  Salaries and wages   3,703,617     3,176,643  
  Professional fees   515,396     419,588  
  Advertising and marketing   2,044,264     2,075,699  
  Research and development   1,281,285     1,184,571  
  General and administrative   2,114,641     1,920,048  
  Other operating expenses   1,255,407     1,206,223  
Operating Expenses   10,914,610     9,982,772  
             
Income (Loss) from Operations   2,829,200     (1,920,943 )
             
Other Income   199,884     73,533  
Income Taxes   (769,226 )   (26,632 )
             
Net Income (Loss) $ 2,259,858   $ (1,874,042 )