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REPORTABLE SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION

NOTE 15 - REPORTABLE SEGMENT INFORMATION

 

The Company is organized and operates as one operating and reportable segment. The Company’s revenue comes from customers in the following geographic regions.

 

The following table presents our net sales by region for the period presented:

 

Region  Revenue   Revenue   Revenue   Revenue 
   Three Months Ended   Six Months Ended 
   June 30,2026   June 30, 2025   June 30, 2026   June 30, 2025 
Region            
United States  $1,263,000   $2,029,000   $2,240,000   $3,211,000 
Japan   28,000    -    28,000    2,000 
Canada   12,000    15,000    17,000    29,000 
All other regions   13,000    24,000    22,000    36,000 
Net Sales  $1,316,000   $2,068,000   $2,307,000   $3,278,000 

 

This determination is based on the management approach which designates internal information regularly available to the Chief Operating Decision Maker (“CODM”) for making decisions and assessing performance as the source of determination of the Company’s reportable segments. The Company’s CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis for the purpose of making operating decisions and assessing financial performance.

 

 

The accounting policies of the one reportable segment are the same as those described in Note 2, “Summary of Significant Accounting Policies”. The CODM uses net (loss) income, as reported in our statements of operations, to measure segment profit or loss, assess performance, and make strategic capital resources allocations. The measure of segment assets is reported on our balance sheets as total assets. The significant expense categories regularly provided to the CODM are the expenses as noted on the face of the statements of operations.

 

   Revenue   Revenue   Revenue   Revenue 
   Three Months Ended   Six Months Ended 
   June 30, 2026   June 30, 2025   June 30, 2026   June 30, 2025 
             
Net sales  $1,316,000   $2,068,000   $2,307,000   $3,278,000 
Cost of sales   405,000    669,000    768,000    1,027,000 
Gross profit   911,000    1,399,000    1,539,000    2,251,000 
                     
Less:                    
Employee compensation and benefits   191,000    218,000    869,000    477,000 
Stock-based compensation expense   127,000    42,000    278,000    94,000 
Sales and marketing expense   863,000    1,809,000    2,059,000    3,106,000 
Other operating expenses   1,270,000    837,000    2,488,000    2,052,000 
Total operating expenses   2,451,000    2,906,000    5,694,000    5,729,000 
Loss from operations  $(1,540,000)  $(1,507,000)  $(4,155,000)  $(3,478,000)