v3.26.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Information  
Schedule of segment information

Year Ended December 31, 2025

 

Benchtop Laboratory Equipment

 

 

Bioprocessing Systems

 

 

Corporate

 

 

Consolidated

 

United States revenue

 

$3,753,800

 

 

$424,400

 

 

$-

 

 

$4,178,200

 

Foreign revenue

 

 

-

 

 

 

875,600

 

 

 

-

 

 

 

875,600

 

Total Revenue

 

$3,753,800

 

 

$1,300,000

 

 

$-

 

 

$5,053,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Significant Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

 

2,677,500

 

 

 

1,073,200

 

 

 

 

 

 

 

3,750,700

 

Compensation and other personnel expenses

 

 

709,700

 

 

 

3,964,300

 

 

 

388,000

 

 

 

5,062,100

 

Other expenses

 

 

774,100

 

 

 

1,785,800

 

 

 

961,000

 

 

 

3,520,900

 

Depreciation and Amortization

 

 

45,600

 

 

 

564,400

 

 

 

-

 

 

 

610,000

 

Segment Loss From Operations

 

$(453,100)

 

$(6,087,700 )

 

$(1,349,000 )

 

$(7,889,900 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

3,392,000

 

 

 

3,510,600

 

 

 

5,705,000

 

 

 

12,607,600

 

Long-Lived Asset Expenditures

 

 

16,300

 

 

 

46,900

 

 

 

-

 

 

 

63,200

 

Year Ended December 31, 2024 Adjusted

 

Benchtop Laboratory Equipment

 

 

Bioprocessing Systems

 

 

Corporate

 

 

Consolidated

 

United States revenue

 

$3,107,300

 

 

$563,900

 

 

$-

 

 

$3,671,200

 

Foreign revenue

 

 

-

 

 

 

1,125,900

 

 

 

-

 

 

 

1,125,900

 

Total revenue

 

 

3,107,300

 

 

 

1,689,800

 

 

 

 -

 

 

 

4,797,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Significant Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenues

 

 

2,076,700

 

 

 

713,800

 

 

 

 -

 

 

 

2,790,500

 

Compensation and other personnel expenses

 

 

900,100

 

 

 

3,899,000

 

 

 

418,700

 

 

 

5,217,800

 

Other expenses

 

 

916,700

 

 

 

2,219,800

 

 

 

1,118,000

 

 

 

4,254,500

 

Depreciation and Amortization

 

 

85,000

 

 

 

665,700

 

 

 

-

 

 

 

750,700

 

Segment Loss From Operations

 

 

(871,100 )

 

 

(5,808,500 )

 

 

(1,536,800 )

 

 

(8,216,400 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

5,751,500

 

 

 

3,824,300

 

 

 

1,985,000

 

 

 

11,560,800

 

Long-Lived Asset Expenditures

 

 

75,900

 

 

 

23,000

 

 

 

-

 

 

 

98,900

 

Schedule of reconciliation of the company's consolidated segment incomed loss

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Revenue (a)

 

 

Long-Lived Assets

 

 

Revenue (a)

 

 

Long-Lived Assets

 

United States

 

$4,178,200

 

 

$969,400

 

 

$3,671,200

 

 

$1,157,700

 

All Other Foreign Countries

 

 

621,400

 

 

 

-

 

 

 

563,100

 

 

 

-

 

Germany

 

 

254,200

 

 

 

631,300

 

 

 

562,800

 

 

 

738,300

 

Total

 

$5,053,800

 

 

$1,600,700

 

 

$4,797,100

 

 

$1,896,000

 

Year ended December 31, 2025

 

Benchtop Laboratory Equipment

 

 

Bioprocessing Systems

 

 

Corporate

 

 

Consolidated

 

Loss from Operations

 

$(412,900 )

 

$(6,128,000 )

 

$(1,349,000 )

 

$(7,889,900 )

Other income (expense), net

 

 

5,263,300

 

 

 

736,600

 

 

 

114,300

 

 

 

6,114,200

 

Loss from operations before discontinued operations and income taxes

 

$4,850,400

 

 

$(5,391,400 )

 

$(1,234,700 )

 

$(1,775,700 )

Year ended December 31, 2024

 

Benchtop Laboratory Equipment

 

 

Bioprocessing Systems

 

 

Corporate

 

 

Consolidated

 

Loss from Operations

 

$(871,100 )

 

$(5,808,500 )

 

$(1,536,800 )

 

$(8,216,400 )

Other income (expense), net

 

 

(3,600 )

 

 

27,700

 

 

 

168,700

 

 

 

192,800

 

Loss from operations before discontinued operations and income taxes

 

$(874,700 )

 

$(5,780,800 )

 

$(1,368,100 )

 

$(8,023,600 )