v3.26.1
Note 15 - Segment Information
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 15 SEGMENT INFORMATION

 

The Company operates in one reportable segment, which includes all activities related to the delivery and provisioning of voice service charges to its residential and business subscribers, access charges to IXCs for providing the carriers access to our local phone networks and the provisioning of video and data services. The determination of a single reportable segment is consistent with the consolidated financial information regularly provided to the Company’s Chief Operating Decision Maker, which is its CEO, who reviews and evaluates consolidated net income (loss) for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods. The measure of segment assets is reported on the balance sheet as total assets.

 

The following table presents the segment revenue and significant expense categories included within the product segment’s measure of profit or loss for the years ended December 31, 2025, and 2024:

 

   

Year Ended December 31,

 
   

2025

   

2024

 
                 

Revenue

  $ 71,794,483     $ 69,236,337  
                 

Less:

               

Cost of Services, Excluding Depreciation and Amortization

    31,176,149       31,101,288  

Selling, General and Administrative

    11,285,812       10,395,727  

Depreciation and Amortization

    19,453,914       17,849,439  

Other Expense

    9,301,623       13,986,568  

Provision for Income Taxes

    249,316       331,125  

Net Income (Loss)

  $ 327,669     $ (4,427,810 )

 

The Communications Segment operates the following communications companies.

 

Communications Segment

 

 

Communications Companies:

 

Nuvera Communications, Inc., the parent Company,

 

HTC, a wholly owned subsidiary of Nuvera,

 

PTC, a wholly owned subsidiary of Nuvera,

 

Scott-Rice, a wholly owned subsidiary of Nuvera,

 

SETC, a wholly owned subsidiary of Nuvera,

 

WTC, a wholly owned subsidiary of Nuvera, and

 

HTI, a wholly owned subsidiary of HTC, located in Litchfield and Glencoe, Minnesota,