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

Note 12. Business Segment Information

 

For the years ended December 31, 2025 and 2024, BioLargo had six operating business segments, plus its corporate entity which is responsible for general corporate operations, including administrative functions, finance, human resources, marketing, legal, etc. The six operational business segments are:

 

 

1.

ONM Environmental -- which sells odor and volatile organic control products and services, located in Westminster, California;

 

2.

BLEST - which provides professional engineering services on a time and materials basis for outside clients and supports our internal operations as needed., located in Oak Ridge, Tennessee;

 

3.

Clyra Medical Technologies (“Clyra Medical”) -- which develops and sells medical products based on our technologies;

 

4.

BioLargo Energy Technologies, Inc. (“BETI”) - which is developing our proprietary battery technology;

 5.BioLargo Equipment Solutions & Technologies (“BEST”) - which sells our water treatment equipment; and
 6.BioLargo Canada - the main hub of our scientists researching and developing our technologies, located in Edmonton, Alberta Canada.

 

Other than ONM Environmental, none of our operating business units have operated at a profit, and therefore each required additional cash to meet its monthly expenses, funded through sales of debt or equity, research grants, and tax credits. Clyra Medical and BETI have been funded by third party investors who invest directly in in these entities in exchange for equity ownership in that entity.

 

The segment information for the years December 31, 2025 and 2024, is as follows (in thousands):

 

  

2025

  

2024

Revenues

       

ONM Environmental

 $5,905  $15,597

BLEST

  2,545   3,197

Clyra Medical

     

BioLargo Canada

  86   72

Intersegment revenue

  (771)  (1,087

Total

 $7,765  $17,779
        

Research and development

       

BioLargo corporate

 $(865) $(1,173

BLEST

  (617)  (1,158

Clyra Medical

  (1,168)  (827

BETI

  (274)  (379

BioLargo Canada

  (440)  (432

Intersegment research and development

  771   1,087

Total

 $(2,593) $(2,882
        

Operating income (loss)

       

BioLargo corporate

 $(3,933) $(4,027

ONM Environmental

  (2,317)  5,920

BLEST

  (1,091)  (1,453

Clyra Medical

  (6,065)  (3,324

BETI

  (639)  (642

BEST

  (276)  (273

BioLargo Canada

  (534)  (532

Total

 $(14,855) $(4,331
        

Depreciation expense

       

BioLargo corporate

 $(38) $(42

ONM Environmental

  (41)  (33

BLEST

  (48)  (71

Clyra Medical

  (9)  (9

BETI

  (9)  

Total

 $(145) $(155
        

Stock option expense

       

BioLargo corporate

 $(1,762) $(1,535

Clyra Medical

  (1,203)  (528

Total

 $(2,965) $(2,063
        

Interest income (expense)

       

BioLargo corporate

 $10  $(6

ONM Environmental

  90   31

Clyra Medical

  (499)  (60

BLEST

  59   

BioLargo Canada

     2

Total

 $(340) $(33
        

Net income (loss)

       

BioLargo corporate

 $(3,923) $(4,033

ONM Environmental

  (2,227)  5,951

BLEST

  (1,032)  (1,356

Clyra Medical

  (6,564)  (3,490

BETI

  (639)  (642

BEST

  (276)  (273

BioLargo Canada

  (528)  (504

Consolidated net loss

 $(15,189) $(4,347

 

As of December 31, 2025

 

BioLargo

  

ONM

  

Clyra

  

BLEST

  

BETI

  BioLargo Canada  

Elimination

  

Total

 

Tangible assets

 $694  $2,331  $2,650  $1,169  $4  $321  $(224) $6,945 

Operating lease right-of-use

  238      175   615            1,028 

Finance lease right-of-use

        338               338 

Total

 $932  $2,331  $3,163  $1,784  $4  $321  $(224) $8,311 

 

As of December 31, 2024

 

BioLargo

  

ONM

  

Clyra

  

BLEST

  

BETI

  BioLargo Canada  

Elimination

  

Total

 

Tangible assets

 $775  $5,879  $1,696  $790   46  $104  $(234) $9,056 

Operating lease right-of-use

  333         659            992 

Finance lease right-of-use

        451               451 

Investment in South Korean joint venture

  14                     14 

Total

 $1,122  $5,879  $2,147  $1,449  $46  $104  $(234) $10,513