| Schedule of Segment Reporting by Segment |
Information by segment is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fastener |
|
|
Assembly
Equipment |
|
|
Other |
|
|
Consolidated |
|
Three Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
6,253,416 |
|
|
$ |
987,561 |
|
|
|
|
|
$ |
7,240,977 |
|
Add: intercompany sales adjustment |
|
|
(4,352 |
) |
|
|
- |
|
|
|
|
|
|
(4,352 |
) |
Total sales to external customers |
|
|
6,249,064 |
|
|
|
987,561 |
|
|
|
|
|
|
7,236,625 |
|
Cost of goods sold |
|
|
6,013,463 |
|
|
|
659,850 |
|
|
|
|
|
|
6,673,313 |
|
Segment gross profit |
|
|
235,601 |
|
|
|
327,711 |
|
|
|
|
|
|
563,312 |
|
Selling and engineering expenses |
|
|
92,649 |
|
|
|
27,272 |
|
|
|
247,715 |
|
|
|
367,636 |
|
Administrative expenses |
|
|
460,139 |
|
|
|
1,749 |
|
|
|
767,499 |
|
|
|
1,229,387 |
|
Operating income (loss) |
|
|
(317,187 |
) |
|
|
298,690 |
|
|
|
(1,015,214 |
) |
|
|
(1,033,711 |
) |
Other income |
|
|
61,197 |
|
|
|
— |
|
|
|
1,190 |
|
|
|
62,387 |
|
Income (loss) before income taxes |
|
$ |
(255,990 |
) |
|
$ |
298,690 |
|
|
$ |
(1,014,024 |
) |
|
$ |
(971,324 |
) |
. |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
$ |
267,817 |
|
|
$ |
24,266 |
|
|
$ |
- |
|
|
$ |
292,083 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
$ |
96,182 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
96,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
12,052,033 |
|
|
$ |
2,040,460 |
|
|
|
|
|
$ |
14,092,493 |
|
Less: intercompany sales |
|
|
(4,352 |
) |
|
|
- |
|
|
|
|
|
|
(4,352 |
) |
Total sales to external customers |
|
|
12,047,681 |
|
|
|
2,040,460 |
|
|
|
|
|
|
14,088,141 |
|
Cost of goods sold |
|
|
11,266,801 |
|
|
|
1,299,570 |
|
|
|
|
|
|
12,566,371 |
|
Segment gross profit |
|
|
780,880 |
|
|
|
740,890 |
|
|
|
|
|
|
1,521,770 |
|
Selling and engineering expenses |
|
|
151,630 |
|
|
|
53,831 |
|
|
|
461,897 |
|
|
|
667,358 |
|
Administrative expenses |
|
|
922,034 |
|
|
|
2,869 |
|
|
|
1,344,812 |
|
|
|
2,269,715 |
|
Operating income (loss) |
|
|
(292,784 |
) |
|
|
684,190 |
|
|
|
(1,806,709 |
) |
|
|
(1,415,303 |
) |
Other income (1) |
|
|
61,232 |
|
|
|
— |
|
|
|
3,089 |
|
|
|
64,321 |
|
Income (loss) before income taxes |
|
$ |
(231,552 |
) |
|
$ |
684,190 |
|
|
$ |
(1,803,620 |
) |
|
$ |
(1,350,982 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
$ |
534,694 |
|
|
$ |
48,530 |
|
|
$ |
- |
|
|
$ |
583,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
$ |
189,154 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
189,154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net |
|
$ |
4,567,149 |
|
|
$ |
592,274 |
|
|
|
|
|
$ |
5,159,423 |
|
Inventories, net |
|
|
4,449,909 |
|
|
|
1,887,119 |
|
|
|
|
|
|
6,337,028 |
|
Assets held for sale |
|
|
179,254 |
|
|
|
— |
|
|
|
|
|
|
179,254 |
|
Property, plant and equipment, net |
|
|
8,011,681 |
|
|
|
1,224,257 |
|
|
|
|
|
|
9,235,938 |
|
Other assets |
|
|
|
|
|
|
|
|
2,686,552 |
|
|
|
2,686,552 |
|
Total assets |
|
|
|
|
|
|
|
|
|
|
$ |
23,598,195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fastener |
|
|
Assembly
Equipment |
|
|
Other |
|
|
Consolidated |
|
Three Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
6,412,298 |
|
|
$ |
900,862 |
|
|
$ |
— |
|
|
$ |
7,313,160 |
|
Less: intercompany sales |
|
|
(15,083 |
) |
|
|
- |
|
|
|
- |
|
|
|
(15,083 |
) |
Total sales to external customers |
|
|
6,397,215 |
|
|
|
900,862 |
|
|
|
- |
|
|
|
7,298,077 |
|
Cost of goods sold |
|
|
5,764,491 |
|
|
|
558,524 |
|
|
|
- |
|
|
|
6,323,015 |
|
Segment gross profit |
|
|
632,724 |
|
|
|
342,338 |
|
|
|
- |
|
|
|
975,062 |
|
Selling and engineering expenses |
|
|
60,636 |
|
|
|
16,001 |
|
|
|
181,330 |
|
|
|
257,967 |
|
Administrative expenses |
|
|
454,759 |
|
|
|
3,257 |
|
|
|
676,510 |
|
|
|
1,134,526 |
|
Operating income (loss) |
|
|
117,329 |
|
|
|
323,080 |
|
|
|
(857,840 |
) |
|
|
(417,431 |
) |
Other income |
|
|
- |
|
|
|
- |
|
|
|
2,383 |
|
|
|
2,383 |
|
Income (loss) before income taxes |
|
$ |
117,329 |
|
|
$ |
323,080 |
|
|
$ |
(855,457 |
) |
|
$ |
(415,048 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
$ |
277,108 |
|
|
$ |
27,429 |
|
|
$ |
- |
|
|
$ |
304,537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
$ |
51,020 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
51,020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
12,607,849 |
|
|
$ |
1,987,526 |
|
|
$ |
— |
|
|
$ |
14,595,375 |
|
Less: intercompany sales |
|
|
(51,663 |
) |
|
|
- |
|
|
|
- |
|
|
|
(51,663 |
) |
Total sales to external customers |
|
|
12,556,186 |
|
|
|
1,987,526 |
|
|
|
- |
|
|
|
14,543,712 |
|
Cost of goods sold |
|
|
10,905,358 |
|
|
|
1,005,550 |
|
|
|
- |
|
|
|
11,910,909 |
|
Segment gross profit |
|
|
1,650,828 |
|
|
|
981,975 |
|
|
|
- |
|
|
|
2,632,803 |
|
Selling and engineering expenses |
|
|
144,832 |
|
|
|
16,001 |
|
|
|
371,064 |
|
|
|
531,898 |
|
Administrative expenses |
|
|
940,196 |
|
|
|
11,046 |
|
|
|
1,496,921 |
|
|
|
2,448,162 |
|
Gain on sale of property (1) |
|
|
- |
|
|
|
(339,520 |
) |
|
|
- |
|
|
|
(339,520 |
) |
Operating income (loss) |
|
|
565,800 |
|
|
|
1,294,448 |
|
|
|
(1,867,985 |
) |
|
|
(7,737 |
) |
Other income |
|
|
- |
|
|
|
- |
|
|
|
14,070 |
|
|
|
14,070 |
|
Income (loss) before income taxes |
|
$ |
565,800 |
|
|
$ |
1,294,448 |
|
|
$ |
(1,853,915 |
) |
|
$ |
6,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
$ |
566,907 |
|
|
$ |
54,858 |
|
|
$ |
- |
|
|
$ |
621,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
$ |
93,703 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
93,703 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, net |
|
$ |
4,087,168 |
|
|
$ |
753,688 |
|
|
$ |
- |
|
|
$ |
4,840,856 |
|
Inventories, net |
|
|
4,868,858 |
|
|
|
1,571,352 |
|
|
|
- |
|
|
|
6,440,210 |
|
Property, plant and equipment, net |
|
|
8,982,835 |
|
|
|
1,224,258 |
|
|
|
- |
|
|
|
10,207,093 |
|
Other assets |
|
|
- |
|
|
|
19,907 |
|
|
|
2,132,266 |
|
|
|
2,152,173 |
|
Total assets |
|
|
|
|
|
|
|
|
|
|
$ |
23,640,332 |
|
|
| Schedule of Revenue by Segment Information |
The following table presents revenue by segment, further disaggregated by end-market:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fastener |
|
|
Assembly
Equipment |
|
|
Consolidated |
|
Three Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
Automotive |
|
$ |
4,226,830 |
|
|
$ |
22,042 |
|
|
$ |
4,248,872 |
|
Non-automotive |
|
|
2,022,234 |
|
|
|
965,519 |
|
|
|
2,987,753 |
|
Total net sales |
|
$ |
6,249,064 |
|
|
$ |
987,561 |
|
|
$ |
7,236,625 |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
Automotive |
|
$ |
3,849,079 |
|
|
$ |
108,530 |
|
|
$ |
3,957,609 |
|
Non-automotive |
|
|
2,548,136 |
|
|
|
792,332 |
|
|
|
3,340,468 |
|
Total net sales |
|
$ |
6,397,215 |
|
|
$ |
900,862 |
|
|
$ |
7,298,077 |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
Automotive |
|
$ |
7,816,595 |
|
|
$ |
66,046 |
|
|
$ |
7,882,641 |
|
Non-automotive |
|
|
4,231,086 |
|
|
|
1,974,414 |
|
|
|
6,205,500 |
|
Total net sales |
|
$ |
12,047,681 |
|
|
$ |
2,040,460 |
|
|
$ |
14,088,141 |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
Automotive |
|
$ |
7,647,737 |
|
|
$ |
150,641 |
|
|
$ |
7,798,378 |
|
Non-automotive |
|
|
4,908,449 |
|
|
|
1,836,885 |
|
|
|
6,745,334 |
|
Total net sales |
|
$ |
12,556,186 |
|
|
$ |
1,987,526 |
|
|
$ |
14,543,712 |
|
The following table presents revenue by segment, further disaggregated by location:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fastener |
|
|
Assembly
Equipment |
|
|
Consolidated |
|
Three Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
United States |
|
$ |
4,827,314 |
|
|
$ |
817,089 |
|
|
$ |
5,644,403 |
|
Foreign |
|
|
1,421,750 |
|
|
|
170,472 |
|
|
|
1,592,222 |
|
Total net sales |
|
$ |
6,249,064 |
|
|
$ |
987,561 |
|
|
$ |
7,236,625 |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
United States |
|
$ |
4,460,995 |
|
|
$ |
650,105 |
|
|
$ |
5,111,100 |
|
Foreign |
|
|
1,936,220 |
|
|
|
250,757 |
|
|
|
2,186,977 |
|
Total net sales |
|
$ |
6,397,215 |
|
|
$ |
900,862 |
|
|
$ |
7,298,077 |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
United States |
|
$ |
9,390,722 |
|
|
$ |
1,664,727 |
|
|
$ |
11,055,449 |
|
Foreign |
|
|
2,656,959 |
|
|
|
375,733 |
|
|
|
3,032,692 |
|
Total net sales |
|
$ |
12,047,681 |
|
|
$ |
2,040,460 |
|
|
$ |
14,088,141 |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
United States |
|
$ |
9,236,162 |
|
|
$ |
1,565,797 |
|
|
$ |
10,801,959 |
|
Foreign |
|
|
3,320,024 |
|
|
|
421,729 |
|
|
|
3,741,753 |
|
Total net sales |
|
$ |
12,556,186 |
|
|
$ |
1,987,526 |
|
|
$ |
14,543,712 |
|
|