v3.25.4
Note 14 - Activity of Business Segments
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

14.

Activity of Business Segments

 

The Company operates through two business segments:

 

(1) Building Supply: consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment and synthetic roof underlayment accessories, as well as other woven material. The majority of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.

 

(2) Disposable Protective Apparel: consisting of a complete line of disposable protective garments, including shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns and hoods, as well as face masks and face shields for the pharmaceutical, cleanroom, industrial, medical and dental markets. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.

 


The accounting policies of the segments are the same as those described previously under Summary of Significant Accounting Policies (see Note 2). Segment data excludes charges allocated to the principal executive office and other corporate unallocated expenses and income taxes. The chief operating decision maker (“CODM”) of the Company is the Company’s chief executive officer. The CODM assesses performance and decides how to allocate resources, including (1) employees, and (2) financial or capital resources, based on net sales.

 

The following table provides segment information as described below:

 

   

Years Ended December 31,

   

Years Ended December 31,

 
   

2025

   

2024

   

2025

   

2024

 
                                 
   

Building Supply

   

Disposable Protective Apparel

 
                                 

Segment sales

  $ 36,031,000     $ 35,965,000     $ 23,111,000     $ 21,875,000  

Less:

                               

Cost of goods sold

    23,179,000       22,902,000       13,426,000       12,005,000  

Selling, general and administrative

    6,830,000       7,191,000       5,422,000       5,375,000  

Depreciation and amortization

    711,000       661,000       112,000       108,000  

Other income

    (155,000 )     (535,000 )     (27,000 )     (94,000 )

Segment net income

  $ 5,466,000     $ 5,746,000     $ 4,178,000     $ 4,481,000  

 

The following table presents net sales for each segment:

 

   

Years Ended December 31,

 
   

2025

   

2024

 
                 

Building Supply

  $ 36,031,000     $ 35,965,000  

Disposable Protective Apparel

    23,111,000       21,875,000  
                 

Consolidated net sales

  $ 59,142,000     $ 57,840,000  

 

The following table presents the reconciliation of total segment income to total consolidated net income:

 

   

Years Ended December 31,

 
    2025     2024  
                 

Building Supply

  $ 5,466,000     $ 5,746,000  

Disposable Protective Apparel

    4,178,000       4,481,000  

Total segment income

    9,644,000       10,227,000  
                 

Unallocated corporate overhead expenses

    4,975,000       5,207,000  

Provision for income taxes

    1,138,000       1,091,000  

Consolidated net income

  $ 3,531,000     $ 3,929,000  

 


The following table presents net sales and long-lived assets, net of accumulated depreciation and amortization, information by geographic area:

 

   

Years Ended December 31,

 
   

2025

   

2024

 
                 

Net sales by geographic region

               

United States

  $ 58,527,000     $ 57,211,000  

International

    615,000       629,000  
                 

Consolidated net sales

  $ 59,142,000     $ 57,840,000  

 

   

As of December 31,

 
   

2025

   

2024

 

Long-lived assets, net by geographic region

               

United States

  $ 6,953,000     $ 7,325,000  

International

    1,281,000       1,195,000  
                 

Consolidated total long-lived assets, net

  $ 8,234,000     $ 8,520,000  

 

 

Net sales by geographic region are based on the countries in which our customers are located. For the year ended December 31, 2025, the Company did not generate sales from any single country, except the United States, that were significant to the Company’s consolidated net sales.

 

The following table presents the consolidated net property, equipment, goodwill and intangible assets by segment:

 

   

As of December 31,

 
   

2025

   

2024

 
                 

Building Supply

  $ 5,617,000     $ 6,069,000  

Disposable Protective Apparel

    1,451,000       1,424,000  

Total segment assets

    7,068,000       7,493,000  
                 

Unallocated corporate assets

    1,221,000       1,082,000  

Total consolidated assets

  $ 8,289,000     $ 8,575,000