v3.26.1
Note 16 - Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

Three Months Ended June 30, 2026

 
  

Scours

  

Mastitis

  

Other

  

Total

 

Product sales

 $7,110,769  $75,344  $  $7,186,113 

Costs of goods sold

  4,686,934   61,957      4,748,891 

Gross profit

  2,423,835   13,387      2,437,222 
                 
Administrative expenses        1,271,909   1,271,909 

Sales and marketing expenses

  1,110,727         1,110,727 

Product development expenses (income), net(1)

  143,438   (52,495)  28,709   119,652 
Other operating income(2)     (2,000,000)     (2,000,000)

Operating expenses (income)

  1,254,165   (2,052,495)  1,300,618   502,288 
                 

NET OPERATING INCOME (LOSS)

 $1,169,670  $2,065,882  $(1,300,618) $1,934,934 
  

Three Months Ended June 30, 2025

 
  

Scours

  

Mastitis

  

Other

  

Total

 

Product sales

 $6,398,517  $46,363  $  $6,444,880 

Costs of goods sold

  3,589,893   37,063      3,626,956 

Gross profit

  2,808,624   9,300      2,817,924 
                 
Administrative expenses        720,418   720,418 

Sales and marketing expenses

  634,846   61,240      696,086 

Product development expenses

  93,011   710,745   28,102   831,858 

Operating expenses

  727,857   771,985   748,520   2,248,362 
                 

NET OPERATING INCOME (LOSS)

 $2,080,767  $(762,685) $(748,520) $569,562 
  

Six Months Ended June 30, 2026

 
  

Scours

  

Mastitis

  

Other

  

Total

 

Product sales

 $17,418,544  $124,864  $  $17,543,408 

Costs of goods sold

  10,354,685   94,057      10,448,742 

Gross profit

  7,063,859   30,807      7,094,666 
                 
Administrative expenses        2,409,586   2,409,586 

Sales and marketing expenses

  2,336,687   6,803      2,343,490 

Product development expenses

  241,531   115,904   79,905   437,340 
Other operating income(1)     (2,000,000)     (2,000,000)

Operating expenses (income)

  2,578,218   (1,877,293)  2,489,491   3,190,416 
                 

NET OPERATING INCOME (LOSS)

 $4,485,641  $1,908,100  $(2,489,491) $3,904,250 
  

Six Months Ended June 30, 2025

 
  

Scours

  

Mastitis

  

Other

  

Total

 

Product sales

 $14,427,003  $85,051  $  $14,512,054 

Costs of goods sold

  8,264,436   75,722      8,340,158 

Gross profit

  6,162,567   9,329      6,171,896 
                 
Administrative expenses        1,343,260   1,343,260 

Sales and marketing expenses

  1,421,983   130,761      1,552,744 

Product development expenses

  186,496   1,339,657   62,552   1,588,705 

Operating expenses

  1,608,479   1,470,418   1,405,812   4,484,709 
                 

NET OPERATING INCOME (LOSS)

 $4,554,088  $(1,461,089) $(1,405,812) $1,687,187 
Total Assets, Depreciation and Amortization, and Capital Expenditures [Table Text Block]
  

Scours

  

Mastitis

  

Other

  

Total

 

Total Assets as of June 30, 2026(1)

 $37,524,605  $122,726  $8,982,465  $46,629,796 

Total Assets as of December 31, 2025(1)

 $38,245,418  $134,138  $4,152,891  $42,532,447 

Depreciation expense during the three months ended June 30, 2026

 $463,271  $  $7,350  $470,621 

Depreciation and amortization expense during the three months ended June 30, 2025

 $345,512  $314,175  $19,350  $679,037 

Capital Expenditures during the three months ended June 30, 2026

 $727,931  $  $6,008  $733,939 

Capital Expenditures during the three months ended June 30, 2025

 $151,808  $1,079  $2,271  $155,158 
  

Scours

  

Mastitis

  

Other

  

Total

 

Depreciation expense during the six months ended June 30, 2026

 $981,288  $  $17,627  $998,915 

Depreciation and amortization expense during the six months ended June 30, 2025

 $698,034  $628,834  $38,942  $1,365,810 

Capital Expenditures during the six months ended June 30, 2026

 $886,663  $8,526  $15,980  $911,169 

Capital Expenditures during the six months ended June 30, 2025

 $474,185  $7,752  $2,271  $484,208