| Segment |
Note 13 – Segment
Our Chief Executive Officer (“CEO”)
is the chief operating decision maker who reviews financial information on a consolidated basis for purposes of allocating resources
and evaluating financial performance. Accordingly, we determined we operate in a single
reporting segment - environmentally sustainable specialty chemicals for fire prevention and protection in the lumber and wood
products, wildland fire and residential home industry.
Our CEO assesses performance and decides how to allocate
resources primarily based on consolidated net income, which is reported on our Consolidated Statements of Operations. Total assets on
the Consolidated Balance Sheets represent our segment assets.
| Schedule of segment assets | |
| | | |
| | | |
| | | |
| | |
| | |
Three Months Ended | | |
Six months ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| Revenue | |
$ | 280,666 | | |
$ | 687,638 | | |
$ | 625,581 | | |
$ | 1,657,020 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| Cost of revenue, exclusive of amortization and depreciation shown separately below | |
| 271,628 | | |
| 371,392 | | |
| 497,205 | | |
| 928,362 | |
| Cost of revenue - related parties | |
| – | | |
| – | | |
| – | | |
| 60,290 | |
| Amortization and depreciation | |
| 123,850 | | |
| 77,107 | | |
| 249,534 | | |
| 151,646 | |
| General and administrative | |
| 218,290 | | |
| 270,227 | | |
| 628,246 | | |
| 473,398 | |
| Advertising and marketing | |
| 210,792 | | |
| 152,608 | | |
| 348,392 | | |
| 257,104 | |
| Payroll and management compensation | |
| 2,061,328 | | |
| 2,334,698 | | |
| 5,168,695 | | |
| 3,008,121 | |
| Professional fees | |
| 648,710 | | |
| 445,668 | | |
| 1,328,552 | | |
| 1,072,986 | |
| Professional fees - related parties | |
| 43,150 | | |
| 12,300 | | |
| 67,660 | | |
| 2,131,900 | |
| Research and development expense | |
| 197,067 | | |
| 41,276 | | |
| 278,592 | | |
| 49,307 | |
| Total operating expenses | |
| 3,774,815 | | |
| 3,705,276 | | |
| 8,566,876 | | |
| 8,133,114 | |
| | |
| | | |
| | | |
| | | |
| | |
| Loss from operations | |
| (3,494,149 | ) | |
| (3,017,638 | ) | |
| (7,941,295 | ) | |
| (6,476,094 | ) |
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Total Assets | |
$ | 10,036,040 | | |
$ | 14,183,519 | |
|