v3.26.1
Note 10 - Segment Information
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

Note 10 – Segment Information

 

The Company operates in one reportable segment, which includes all activities related to the delivery and provisioning of voice service charges to its residential and business subscribers, access charges to IXCs for providing the carriers access to our local phone networks and the provisioning of video and data services. The determination of a single reportable segment is consistent with the consolidated financial information regularly provided to the Company’s Chief Operating Decision Maker, which is its Chief Executive Officer, who reviews and evaluates consolidated net income (loss) for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods. The measure of segment assets is reported on the balance sheet as total assets.

 

The following table presents the segment revenue and significant expense categories included within the product segment’s measure of profit or loss for the three months and six months ending June 30, 2026, and 2025:

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  
   

2026

    

2025

    

2026

    

2025

  
                                 

Revenue

   $ 17,663,242     $ 17,806,539     $ 36,095,922     $ 35,687,308  
                                 

Less:

                                

Cost of Services, Excluding Depreciation and Amortization

     8,158,690       7,763,416       16,192,083       15,439,113  

Selling, General and Administrative

     2,751,961       2,957,486       5,604,240       5,911,810  

Depreciation and Amortization

     4,141,961       4,855,138       8,305,954       9,690,985  

Other Expense, net

     2,833,532       2,819,443       4,024,665       3,805,289  

Income Taxes Expense (Benefit)

     (62,132 )     (164,904 )     551,312       235,231  

Net Income (Loss)

   $ (160,770 )   $ (424,040 )   $ 1,417,668     $ 604,880  

 

The Communications Segment operates the following communications companies:

 

Communications Segment

 

 

●

Communications Companies:
 

▪

Nuvera Communications, Inc., the parent company,
 

▪

HTC, a wholly owned subsidiary of Nuvera,
 

▪

Peoples Telephone Company, a wholly owned subsidiary of Nuvera,
 

▪

Scott-Rice, a wholly owned subsidiary of Nuvera,
 

▪

Sleepy Eye Telephone Company, a wholly owned subsidiary of Nuvera,
 

▪

Western Telephone Company, a wholly owned subsidiary of Nuvera; and
 

▪

Hutchinson Telecommunications, Inc., a wholly owned subsidiary of HTC, located in Litchfield and Glencoe, Minnesota.