| Segment Reporting [Text Block] |
Note 16 - Segment Reporting
The Company manages its business on a product basis and operates in the following two reporting segments for financial reporting purposes: (1) Hard Tonneau Covers and (2) Soft Tonneau Covers. The accounting policies of both reporting segments are the same as those described in Note 1, Description of Business and Summary of Significant Accounting Policies.
The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer, who regularly reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance of the Company’s reporting segments. The CODM primarily focuses on net income (loss) from continuing operations to evaluate its reporting segments. The CODM also uses net income (loss) from continuing operations for evaluating pricing strategy and assessing the performance for determining the compensation of certain employees. Significant segment expenses reviewed, which represent the differences between segment net sales and segment net loss from continuing operations, consist of the following:
| | For the three months ended June 30, 2026 | | | For the three months ended June 30, 2025 | |
| | Hard | | | Soft | | | | | | | | | | | Hard | | | Soft | | | | | | | | | |
| | Tonneau | | | Tonneau | | | Corporate / | | | | | | | Tonneau | | | Tonneau | | | Corporate / | | | | | |
| | Covers | | | Covers | | | Eliminations | | | Consolidated | | | Covers | | | Covers | | | Eliminations | | | Consolidated | |
Net sales | | $ | 5,161,509 | | | $ | 68,151 | | | $ | - | | | $ | 5,229,660 | | | $ | 3,981,689 | | | $ | 123,269 | | | $ | - | | | $ | 4,104,958 | |
Cost of sales | | | (3,532,252 | ) | | | (47,472 | ) | | | - | | | | (3,579,724 | ) | | | (2,937,204 | ) | | | (90,357 | ) | | | 4,715 | | | | (3,022,846 | ) |
Selling, general and administrative | | | (2,434,700 | ) | | | (25,488 | ) | | | (2,588,780 | ) | | | (5,048,968 | ) | | | (2,502,025 | ) | | | (52,063 | ) | | | (1,701,753 | ) | | | (4,255,841 | ) |
Depreciation and amortization | | | (378,914 | ) | | | (4,574 | ) | | | (36,033 | ) | | | (419,521 | ) | | | (430,224 | ) | | | (10,002 | ) | | | (3,676 | ) | | | (443,902 | ) |
Loss from continuing operations | | $ | (1,184,357 | ) | | $ | (9,383 | ) | | $ | (2,624,813 | ) | | $ | (3,818,553 | ) | | $ | (1,887,764 | ) | | $ | (29,153 | ) | | $ | (1,700,714 | ) | | $ | (3,617,631 | ) |
| | For the six months ended June 30, 2026 | | | For the six months ended June 30, 2025 | |
| | Hard | | | Soft | | | | | | | | | | | Hard | | | Soft | | | | | | | | | |
| | Tonneau | | | Tonneau | | | Corporate / | | | | | | | Tonneau | | | Tonneau | | | Corporate / | | | | | |
| | Covers | | | Covers | | | Eliminations | | | Consolidated | | | Covers | | | Covers | | | Eliminations | | | Consolidated | |
Net sales | | $ | 8,431,214 | | | $ | 111,246 | | | $ | - | | | $ | 8,542,460 | | | $ | 6,100,254 | | | $ | 244,709 | | | $ | - | | | $ | 6,344,963 | |
Cost of sales | | | (5,961,841 | ) | | | (76,736 | ) | | | - | | | | (6,038,577 | ) | | | (4,673,695 | ) | | | (188,708 | ) | | | (4,227 | ) | | | (4,866,630 | ) |
Selling, general and administrative | | | (5,176,712 | ) | | | (54,703 | ) | | | (5,989,447 | ) | | | (11,220,862 | ) | | | (4,525,421 | ) | | | (118,292 | ) | | | (3,819,688 | ) | | | (8,463,401 | ) |
Depreciation and amortization | | | (757,357 | ) | | | (9,126 | ) | | | (79,267 | ) | | | (845,750 | ) | | | (847,539 | ) | | | (22,831 | ) | | | (18,498 | ) | | | (888,868 | ) |
Loss from continuing operations | | $ | (3,464,696 | ) | | $ | (29,319 | ) | | $ | (6,068,714 | ) | | $ | (9,562,729 | ) | | $ | (3,946,401 | ) | | $ | (85,122 | ) | | $ | (3,842,413 | ) | | $ | (7,873,936 | ) |
The following table presents the Company’s net sales disaggregated by geographic area:
| | 2026 | | | 2025 | |
| | Hard | | | Soft | | | | | | | Hard | | | Soft | | | | | |
| | Tonneau | | | Tonneau | | | | | | | Tonneau | | | Tonneau | | | | | |
| | Covers | | | Covers | | | Consolidated | | | Covers | | | Covers | | | Consolidated | |
United States | | $ | 8,393,231 | | | $ | 111,174 | | | $ | 8,504,405 | | | $ | 6,053,246 | | | $ | 244,709 | | | $ | 6,297,955 | |
Canada | | | 37,983 | | | | 72 | | | | 38,055 | | | | 47,008 | | | | - | | | | 47,008 | |
Total Net sales | | $ | 8,431,214 | | | $ | 111,246 | | | $ | 8,542,460 | | | $ | 6,100,254 | | | $ | 244,709 | | | $ | 6,344,963 | |
No asset information has been provided for the reported segments as the CODM does not regularly review asset information by reportable segment. As of June 30, 2026 and December 31, 2025, assets held in the U.S. accounted for 93% and 93% of total assets for each period, respectively.
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