| Schedule of segment information |
| Schedule of segment information | |
| | |
| |
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Current Segment assets | |
| | | |
| | |
| Cash | |
$ | 5,110,630 | | |
$ | 7,827,487 | |
| Accounts receivable | |
| 8,126 | | |
| 18,612 | |
| Prepaid expenses and other current assets | |
| 801,947 | | |
| 944,683 | |
| | |
| | | |
| | |
| Total current segment assets | |
| 5,920,703 | | |
| 8,790,782 | |
| | |
| | | |
| | |
| Long-term segment assets | |
| | | |
| | |
| Property and equipment, net | |
| 700,115 | | |
| 672,861 | |
| Right of use assets, net | |
| 259,565 | | |
| 432,397 | |
| Intangible assets, net | |
| — | | |
| 5,333 | |
| Deposits | |
| 12,850 | | |
| 12,850 | |
| Patent costs, net | |
| 873,182 | | |
| 701,089 | |
| | |
| | | |
| | |
| Total segment assets | |
$ | 7,766,415 | | |
$ | 10,615,312 | |
| | |
| | | |
| | |
The accounting policies of the product testing
segment are the same as those described in the summary of significant accounting policies. The measure of segment assets is reported
on the balance sheet as total consolidated assets.
Reportable segment operating results are presented
below:
| | |
| | |
| |
| | |
Years
Ended December 31, | |
| |
2025 | | |
2024 | |
| Revenue | |
| | | |
| | |
| Product Test sales | |
$ | 14,825 | | |
$ | 34,890 | |
| Total Segment Revenue | |
$ | 14,825 | | |
$ | 34,890 | |
| | |
| | | |
| | |
| Segment Operating Expenses | |
| | | |
| | |
| Payroll and related costs | |
$ | 1,366,808 | | |
$ | 3,213,917 | |
| Rent and facility expense | |
| 306,591 | | |
| 224,123 | |
| Legal and professional expense | |
| 868,826 | | |
| 731,209 | |
| Consulting and contractor expense | |
| 715,764 | | |
| 740,516 | |
| Insurance expense | |
| 618,998 | | |
| 714,481 | |
| Filing fees expense | |
| 99,115 | | |
| 102,514 | |
| Transfer agent expense | |
| 62,228 | | |
| 67,536 | |
| Software and web computing expense | |
| 316,339 | | |
| 274,515 | |
| Board compensation expense | |
| 198,235 | | |
| 199,658 | |
| Investor relations expense | |
| 10,133 | | |
| 82,345 | |
| Other segment items (a) | |
| 462,533 | | |
| 570,280 | |
| Research and development expense | |
| 641,212 | | |
| 227,966 | |
| Sales and marketing expense | |
| 766,888 | | |
| 1,231,969 | |
| Amortization expense | |
| 65,233 | | |
| 19,738 | |
| Interest expense, net | |
| 14,089 | | |
| 17,576 | |
| Total Segment Operating Expenses | |
| 6,512,992 | | |
| 8,418,343 | |
| Total Segment Net Income (Loss) | |
$ | (6,498,167 | ) | |
$ | (8,383,453 | ) |
| (a) | Other segment items included in segment net income (loss) include shipping
expense, taxes expense, subscription fees expense, bank fees expense and other overhead expense. |
|