| Schedule of Net Sales from Based on Location of the Subsidiary |
The tables below set forth net sales based on the location of the subsidiary producing the net sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, 2026 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
Total sales |
|
$ |
474,595 |
|
|
$ |
319,155 |
|
|
$ |
66,261 |
|
|
$ |
860,011 |
|
Intercompany elimination |
|
|
(204,475 |
) |
|
|
(177,949 |
) |
|
|
(32,058 |
) |
|
|
(414,482 |
) |
Net sales |
|
$ |
270,120 |
|
|
$ |
141,206 |
|
|
$ |
34,203 |
|
|
$ |
445,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, 2025 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
Total sales |
|
$ |
396,839 |
|
|
$ |
276,715 |
|
|
$ |
59,634 |
|
|
$ |
733,188 |
|
Intercompany elimination |
|
|
(178,321 |
) |
|
|
(155,020 |
) |
|
|
(33,635 |
) |
|
|
(366,976 |
) |
Net sales |
|
$ |
218,518 |
|
|
$ |
121,695 |
|
|
$ |
25,999 |
|
|
$ |
366,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the |
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
Total sales |
|
$ |
911,325 |
|
|
|
612,075 |
|
|
$ |
135,507 |
|
|
$ |
1,658,907 |
|
Intercompany elimination |
|
|
(398,475 |
) |
|
|
(345,641 |
) |
|
|
(63,795 |
) |
|
|
(807,911 |
) |
Net sales |
|
$ |
512,850 |
|
|
$ |
266,434 |
|
|
$ |
71,712 |
|
|
$ |
850,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant, and equipment, net |
|
$ |
505,314 |
|
|
$ |
66,802 |
|
|
$ |
89,155 |
|
|
$ |
661,271 |
|
Total assets |
|
$ |
1,726,216 |
|
|
$ |
583,525 |
|
|
$ |
273,624 |
|
|
$ |
2,583,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of and for the |
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
Asia |
|
|
Americas |
|
|
Europe |
|
|
Consolidated |
|
Total sales |
|
$ |
749,530 |
|
|
$ |
538,660 |
|
|
$ |
117,885 |
|
|
$ |
1,406,075 |
|
Intercompany elimination |
|
|
(337,485 |
) |
|
|
(303,377 |
) |
|
|
(66,888 |
) |
|
|
(707,750 |
) |
Net sales |
|
$ |
412,045 |
|
|
$ |
235,283 |
|
|
$ |
50,997 |
|
|
$ |
698,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant, and equipment, net |
|
$ |
507,574 |
|
|
$ |
71,663 |
|
|
$ |
100,805 |
|
|
$ |
680,042 |
|
Total assets |
|
$ |
1,646,477 |
|
|
$ |
556,335 |
|
|
$ |
268,743 |
|
|
$ |
2,471,555 |
|
|
| Schedule of Revenue from Major Customers |
The table below sets forth the number of customers and the amount of sales to that customer, where that customer accounted for 10% or greater of our net sales during the applicable periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, |
|
|
For the six months ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Customer 1 |
|
$ |
45,583 |
|
|
$ |
45,937 |
|
|
$ |
90,058 |
|
|
$ |
79,538 |
|
Customer 2 |
|
$ |
54,681 |
|
|
$ |
43,829 |
|
|
$ |
105,520 |
|
|
$ |
82,864 |
|
|
| Schedule of Net Sales by Direct Sales or Distributor and Location |
The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment destination and by type (direct sales or distributor sales):
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, |
|
|
Net Sales by Region |
|
2026 |
|
|
2025 |
|
|
Asia |
|
$ |
350,924 |
|
|
$ |
285,976 |
|
|
Europe |
|
|
55,149 |
|
|
|
45,545 |
|
|
Americas |
|
|
39,456 |
|
|
|
34,691 |
|
|
Total net sales |
|
$ |
445,529 |
|
|
$ |
366,212 |
|
|
|
|
|
|
|
|
|
|
Net Sales by Type |
|
|
|
|
|
|
|
Direct sales |
|
$ |
162,256 |
|
|
$ |
129,996 |
|
|
Distributor sales |
|
|
283,273 |
|
|
|
236,216 |
|
|
Total net sales |
|
$ |
445,529 |
|
|
$ |
366,212 |
|
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, |
|
|
Net Sales by Region |
|
2026 |
|
|
2025 |
|
|
Asia |
|
$ |
664,869 |
|
|
$ |
544,269 |
|
|
Europe |
|
|
112,071 |
|
|
|
90,119 |
|
|
Americas |
|
|
74,056 |
|
|
|
63,937 |
|
|
Total net sales |
|
$ |
850,996 |
|
|
$ |
698,325 |
|
|
|
|
|
|
|
|
|
|
Net Sales by Type |
|
|
|
|
|
|
|
Direct sales |
|
$ |
312,772 |
|
|
$ |
251,829 |
|
|
Distributor sales |
|
|
538,224 |
|
|
|
446,496 |
|
|
Total net sales |
|
$ |
850,996 |
|
|
$ |
698,325 |
|
|
The table below sets forth the location to where products were shipped, representing 10% or more of net sales in at least one of the periods shown below:
|
|
|
|
|
|
|
|
|
|
|
|
|
Location |
|
Amount |
|
For the three months ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
|
China |
|
$ |
219,067 |
|
|
$ |
164,401 |
|
|
|
Singapore |
|
$ |
46,726 |
|
|
$ |
44,467 |
|
For the six months ended June 30, |
|
|
|
|
|
|
|
|
|
|
China |
|
$ |
396,061 |
|
|
$ |
317,849 |
|
|
|
Singapore |
|
$ |
83,074 |
|
|
$ |
74,636 |
|
|