v3.25.2
Note 10 - Segment Information
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(10)        Segment Information

 

The Company’s reportable segments are reported in a manner consistent with the way management evaluates the businesses. The results of operations are regularly reviewed by the Company's chief operating decision maker ("CODM"), the Chief Executive Officer. The Company identifies its reportable business segments based on differences in products and services. The accounting policies of the business segments are the same as those described in the summary of significant accounting policies. In order to evaluate each reportable segment's performance, the CODM uses income from operations as a measure of profit and loss. The CODM compares operational performance against management expectations when making decisions regarding allocation of operating and capital resources to each segment.

 

In 2025, the Company has five reportable segments which include: Theranostics Products, Cobalt Products, Nuclear Medicine Standards, Medical Device Products, and Fluorine Products. Information regarding the operations and assets of these reportable business segments is contained in the following table:

 

  

Three months ended June 30,

  

Six months ended June 30,

 

Sale of Product

 

2025

  

2024

  

2025

  

2024

 

Theranostics Products

 $1,905,402  $2,169,131  $3,692,456  $4,074,213 

Cobalt Products

  678,015   592,199   750,465   826,167 

Nuclear Medicine Standards

  1,013,814   407,903   2,340,580   1,173,311 

Medical Device Products

  58,089      110,719    

Fluorine Products

            

Total Segments

  3,655,320   3,169,233   6,894,220   6,073,691 

Corporate revenue

            

Total Consolidated

 $3,655,320  $3,169,233  $6,894,220  $6,073,691 

 

  

Three months ended June 30,

  

Six months ended June 30,

 

Depreciation and Amortization

 

2025

  

2024

  

2025

  

2024

 

Theranostics Products

 $9,895  $5,697  $18,104  $14,743 

Cobalt Products

  16,360   23,527   32,362   27,414 

Nuclear Medicine Standards

  31,480   32,866   61,360   61,419 

Medical Device Products

            

Fluorine Products

  26,095   26,095   52,190   57,940 

Total Segments

  83,830   88,185   164,016   161,516 

Corporate depreciation and amortization

  17,207   10,790   34,966   38,906 

Total Consolidated

 $101,037  $98,975  $198,982  $200,422 

  

  

Three months ended June 30,

  

Six months ended June 30,

 

Segment Income (Loss)

 

2025

  

2024

  

2025

  

2024

 

Theranostics Products

 $1,009,387  $1,171,390  $1,886,381  $2,184,854 

Cobalt Products

  (97,040)  99,324   (245,266)  32,999 

Nuclear Medicine Standards

  (38,387)  (377,758)  229,176   (368,262)

Medical Device Products

  (201,305)  (83,839)  (382,974)  (112,350)

Fluorine Products

  3,905   (26,095)  (22,254)  (4,846)

Total Segments

  676,560   783,022   1,465,063   1,732,395 

Corporate loss

  (837,345)  (1,016,467)  (1,738,542)  (2,119,891)

Net Income

 $(160,785) $(233,445) $(273,479) $(387,496)

  

  

Three months ended June 30,

  

Six months ended June 30,

 

Expenditures for Segment Assets

 

2025

  

2024

  

2025

  

2024

 

Theranostics Products

 $4,046  $  $50,561  $93,924 

Cobalt Products

     39,799   12,835   39,799 

Nuclear Medicine Standards

  57,449      75,663   49,038 

Medical Device Products

        28,876    

Fluorine Products

            

Total Segments

  61,495   39,799   167,935   182,761 

Corporate purchases

     4,216   22,439   32,175 

Total Consolidated

 $61,495  $44,015  $190,374  $214,936 

 

  

June 30,

  

December 31,

 

Segment Assets

 

2025

  

2024

 

Theranostics Products

 $1,358,808  $992,513 

Cobalt Products

  122,282   167,881 

Nuclear Medicine Standards

  2,649,344   2,928,814 

Medical Device Products

  653,882   553,117 

Fluorine Products

  4,823,549   4,875,738 

Total Segments

  9,607,865   9,518,063 

Corporate assets

  7,902,234   7,642,905 

Total Consolidated

 $17,510,099  $17,160,968