v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

(3) Segment Reporting

 

The Company operates in two reportable segments: the manufacturing and engineering segment, which is operated by AmpliTech Inc. and Specialty Microwave; and the distribution segment, which is operated by Spectrum. The manufacturing and engineering segment assembles microwave components, and the distribution segment is a global distributor of integrated circuit packages and lids. The Company’s Chief Executive Officer (“CEO”) is the chief operating decision maker (“CODM”). The CODM assesses segment performance and allocates resources based on segment net income (loss), which is reported in the tables below. The CODM uses segment net income (loss) to evaluate each segment’s operating results, monitor budget-to-actual variances, and determine the allocation of capital, personnel, and research and development resources among the segments. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate” below and include costs associated with executive management, financing activities and public company compliance.

 

The following table presents summary information by segment for the three months ended June 30, 2026:

 

   Manufacturing
and Engineering		   Distribution   Corporate   Total 
Revenue  $4,008,656   $4,061,723   $–   $8,070,379 
Cost of goods sold   3,524,032    2,292,335    –    5,816,367 
Net income (loss)   (2,926,665)   1,133,971    (1,295,818)   (3,088,512)
Research and development (1)   1,374,405    –    –    1,374,405 
Total assets   21,850,446    18,232,505    18,425,803    58,508,754 
Depreciation and amortization   323,703    31,169    186,599    541,471 
Interest income, net   13,067    –    45,205    58,272 

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Six Months Ended June 30, 2026 and 2025

(Unaudited)

 

The following table presents summary information by segment for the six months ended June 30, 2026:

 

  

Manufacturing

and Engineering

   Distribution   Corporate   Total 
Revenue  $7,292,194   $6,127,631   $–   $13,419,825 
Cost of goods sold   5,213,940    3,385,007    –    8,598,947 
Net income (loss)   (3,375,601)   1,257,341    (2,491,959)   (4,610,219)
Research and development (2)   1,877,451    –    –    1,877,451 
Total assets   21,850,446    18,232,505    18,425,803    58,508,754 
Depreciation and amortization   638,318    62,338    373,197    1,073,853 
Interest income, net   42,206    –    75,503    117,709 

 

(1) Research and development for the three months ended June 30, 2026 was comprised of $1,077,842 of 5G expenses and $296,563 of MMIC design expenses.
   
(2) Research and development for the six months ended June 30, 2026 was comprised of $1,206,271 of 5G expenses and $671,180 of MMIC design expenses.