v3.26.1
Note 10 - Segment Information
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

(10)        Segment Information

 

The Company’s reportable segments are reported in a manner consistent with the way management evaluates the businesses. The results of operations are regularly reviewed by the Company's chief operating decision maker ("CODM"), the Chief Executive Officer. The Company identifies its reportable business segments based on differences in products and services. The accounting policies of the business segments are the same as those described in the summary of significant accounting policies. In order to evaluate each reportable segment's performance, the CODM uses income from operations as a measure of profit and loss. The CODM compares operational performance against management expectations when making decisions regarding allocation of operating and capital resources to each segment.

 

In 2026, the Company has five reportable segments which include: Theranostics Products, Cobalt Products, Calibration & Reference Products, Medical Device Products, and Fluorine Products. Information regarding the operations and assets of these reportable business segments is contained in the following table:

 

  

Three months ended March 31,

 

Sale of Product

 

2026

  

2025

 

Theranostics Products

 $1,397,282  $1,787,054 

Cobalt Products

  9,739   72,450 

Calibration & Reference Products

  882,790   1,326,766 

Medical Device Products

  89,113   52,630 

Fluorine Products

      

Total Segments

  2,378,924   3,238,900 

Corporate revenue

      

Total Consolidated

 $2,378,924  $3,238,900 

 

  

Three months ended March 31,

 

Depreciation and Amortization

 

2026

  

2025

 

Theranostics Products

 $12,436  $8,209 

Cobalt Products

  17,100   16,002 

Calibration & Reference Products

  37,738   29,880 

Medical Device Products

      

Fluorine Products

  28,970   26,095 

Total Segments

  96,244   80,186 

Corporate depreciation and amortization

  13,944   17,759 

Total Consolidated

 $110,188  $97,945 

 

  

Three months ended March 31,

 

Segment Income (Loss)

 

2026

  

2025

 

Theranostics Products

 $406,898  $876,994 

Cobalt Products

  (246,803)  (148,226)

Calibration & Reference Products

  (117,652)  267,563 

Medical Device Products

  (163,594)  (181,669)

Fluorine Products

  (11,384)  (26,159)

Total Segments

  (132,535)  788,503 

Corporate loss

  (1,215,551)  (901,197)

Net Loss

 $(1,348,086) $(112,694)

 

  

Three months ended March 31,

 

Expenditures for Segment Assets

 

2026

  

2025

 

Theranostics Products

 $49,481  $46,515 

Cobalt Products

  110,023   12,835 

Calibration & Reference Products

     18,214 

Medical Device Products

  45,671   28,876 

Fluorine Products

      

Total Segments

  205,175   106,440 

Corporate purchases

     22,441 

Total Consolidated

 $205,175  $128,881 

 

  

March 31,

  

December 31,

 

Segment Assets

 

2026

  

2025

 

Theranostics Products

 $991,032  $1,115,238 

Cobalt Products

  316,024   260,960 

Calibration & Reference Products

  2,843,051   2,896,335 

Medical Device Products

  792,043   697,503 

Fluorine Products

  4,770,719   4,771,359 

Total Segments

  9,712,869   9,741,395 

Corporate assets

  7,475,004   8,095,237 

Total Consolidated

 $17,187,873  $17,836,632