| Schedule of Segment Reporting |
The
following table presents summary information by segment for the three months ended March 31, 2026:
Schedule of Segment Reporting
| | |
Manufacturing
and Engineering | | |
Distribution | | |
Corporate | | |
Total | |
| Revenue | |
$ | 3,283,537 | | |
$ | 2,065,909 | | |
$ | – | | |
$ | 5,349,446 | |
| Cost of goods sold | |
| 1,689,908 | | |
| 1,092,672 | | |
| – | | |
| 2,782,580 | |
| Net income (loss) | |
| (448,936 | ) | |
| 123,370 | | |
| (1,196,141 | ) | |
| (1,521,707 | ) |
| Research and development (1) | |
| 503,046 | | |
| – | | |
| – | | |
| 503,046 | |
| Total assets | |
| 23,649,367 | | |
| 17,540,431 | | |
| 18,553,941 | | |
| 59,743,739 | |
| Depreciation and amortization | |
| 314,616 | | |
| 31,169 | | |
| 186,599 | | |
| 532,384 | |
| Interest income, net | |
| 29,139 | | |
| – | | |
| 30,298 | | |
| 59,437 | |
The
following table presents summary information by segment for the three months ended March 31, 2025:
| | |
Manufacturing
and Engineering | | |
Distribution | | |
Corporate | | |
Total | |
| Revenue | |
$ | 985,536 | | |
$ | 2,613,563 | | |
$ | – | | |
$ | 3,599,099 | |
| Cost of goods sold | |
| 767,054 | | |
| 1,644,175 | | |
| – | | |
| 2,411,229 | |
| Net income (loss) | |
| (1,583,194 | ) | |
| 219,491 | | |
| (476,818 | ) | |
| (1,840,521 | ) |
| Research and development (2) | |
| 739,673 | | |
| – | | |
| – | | |
| 739,673 | |
| Total assets | |
| 22,386,921 | | |
| 16,074,839 | | |
| 3,601,275 | | |
| 42,063,035 | |
| Depreciation and amortization | |
| 93,273 | | |
| 28,787 | | |
| – | | |
| 122,060 | |
| Interest income, net | |
| 39,571 | | |
| – | | |
| 9,926 | | |
| 49,497 | |
| (1) |
Research
and development for the three months ended March 31, 2026 was comprised of $128,429 of 5G expenses and $374,617 of MMIC design expenses. |
| |
|
| (2) |
Research
and development for the three months ended March 31, 2025 was comprised of $306,627 of 5G expenses and $433,046 of MMIC design expenses. |
|