v3.26.1
(8) Segment Information
6 Months Ended
Jun. 30, 2026
Notes  
(8) Segment Information

8) Segment Information.  The Company operates as one operating segment.  The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis.  The CODM uses consolidated gross profit margin, operating margin, and net income to assess financial performance and allocate resources.  These financial metrics are used by the CODM to make key operating decisions such as the allocation of budget between cost of sales, sales and marketing, research and development, and general and administrative expenses.

 

 

The following table presents selected financial information with respect to the Company’s single operating segment for the quarters ended June 30, 2026 and June 30, 2025:

 

 

Quarter Ended June 30,

2026

 

2025

Revenues

8,529   

 

9,953   

Less:

 

 

 

Standard cost of sales

3,175   

 

3,763   

Other cost of sales

596   

 

595   

Gross Profit

4,758   

 

5,595   

Gross Profit Margin

55.8% 

 

56.2% 

Sales & Marketing

526   

 

525   

Research & Development

154   

 

135   

Litigation Fees

498   

 

284   

Amortization

16   

 

540   

Other General & Administrative

915   

 

915   

Operating Income

2,649   

 

3,196   

Operating Income Margin

31.1% 

 

32.1% 

Other Income

 

 

 

Interest income

635   

 

679   

Other income (expense)

            2 

 

(40)  

Income before income taxes

3,286   

 

3,835   

Provision for income taxes

600   

 

787   

Net Income

2,686   

 

3,048