v3.26.1
Note 4 - Disaggregation of Revenues and Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue [Table Text Block]
  

For the Three Months

 
  

Ended March 31,

 

Revenues

  2026   2025 

Americas

 $250,802  $2,233,901 

Asia-Pacific

  625,553   134,455 

Europe

  3,259,965   2,249,185 

Total revenue

 $4,136,320  $4,617,541 
Segment Reporting [Table Text Block]
  

For the Three Months

 
  

Ended March 31,

 

Revenues

 

2026

  

2025

 

Systems and Aftermarket

 $1,789,295  $2,693,722 

Filters and Membranes

  1,306,999   953,846 

Components

  1,040,026   969,973 

Total revenues

 $4,136,320  $4,617,541 
  

For the Three Months

 
  

Ended March 31,

 

Cost of goods sold

 

2026

  

2025

 

Systems and Aftermarket

 $1,289,213  $2,159,127 

Filters and Membranes

  1,521,774   1,501,070 

Components

  931,589   830,385 

Corporate

  -   1,903 

Total cost of goods sold

  3,742,576   4,492,485 
  

For the Three Months

 
  

Ended March 31,

 

Operating expenses

 

2026

  

2025

 

Systems and Aftermarket

 $783,635  $611,487 

Filters and Membranes

  447,813   366,360 

Components

  373,107   254,157 

Corporate

  1,066,398   1,078,381 

Total operating expenses

  2,670,953   2,310,385 
  

For the Three Months

 
  

Ended March 31,

 

Other Expenses

 

2026

  

2025

 

Systems and Aftermarket

 $22,774  $65,951 

Filters and Membranes

  22,362   89,977 

Components

  2,312   3,250 

Corporate

  400,819   14,174 

Total other expenses

  448,267   173,352 
  

For the Three Months

 
  

Ended March 31,

 

Net loss

 

2026

  

2025

 

Systems and Aftermarket

 $(306,327) $(142,843)

Filters and Membranes

  (684,950)  (1,003,561)

Components

  (266,982)  (117,480)

Corporate

  (1,466,840)  (1,094,458)

Total net loss

  (2,725,099)  (2,358,342)
  

As of

 
  

March 31,

  

December 31,

 

Total assets

 

2026

  

2025

 

Systems and Aftermarket

 $9,219,737  $10,210,357 

Filters and Membranes

  9,670,372   10,139,656 

Components

  2,222,604   1,942,818 

Corporate

  3,836,912   4,985,266 

Total assets

 $24,949,625  $27,278,097