v3.26.1
Segment and Geographic Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information

Note 11 – Segment and Geographic Information

 

Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating officer, or chief executive officer, in making decisions on how to allocate resources and assess performance.

 

The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Operating segments’ measure of profitability is based on loss from operations. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: North America (including its subsidiaries in United States and Canada), Latin America (including subsidiaries in Mexico and Ecuador) and Asia (including its subsidiaries in Malaysia and Taiwan.).

 

Information about operating segments is as follows:

          
   Year Ended December 31, 
   2025   2024 
Geographic Net Sales:          
Americas  $1,229,972   $2,168,270 
Latin America   1,529,499    2,670,163 
Asia   116,908    215,257 
Total Net Sales  $2,876,380   $5,053,690 
           
Cost of Goods Sold:          
Americas  $195,366   $400,415 
Latin America   332,735    834,280 
Asia   38,839    91,649 
Total Cost of Goods Sold:  $566,940   $1,326,344 
           
Operating Expenses:          
Americas  $2,553,499   $3,711,475 
Latin America   2,241,310    2,155,873 
Asia   223,676    246,425 
Total Operating Expenses  $5,018,487   $6,113,773 
           
Loss from operations:          
Americas  $(1,518,893)  $(1,943,618)
Latin America   (1,044,546)   (319,992)
Asia   (145,607)   (122,817)
Total Loss from Operations  $(2,709,047)  $(2,386,427)
           
Total Assets by Geographic Location          
Americas  $2,794,048   $3,137,443 
Latin America   337,695    591,207 
Asia   17,871    53,595 
Total Assets  $3,149,614   $3,782,245