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

Note 14 - Segment Information

The Company manages its operations as a single operating segment for the purpose of assessing performance and making operating decisions, resulting in a single reportable segment. The Company has determined that its Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. The Company's CODM reviews the Company's financial information on a consolidated basis for the purpose of making key operating decisions, allocating resources and assessing financial performance.

The key measure of segment profit or loss that the CODM uses to allocate resources and assess performance is the Company's consolidated net income, as reported on the consolidated statements of operations and comprehensive income (loss). In addition, the CODM is regularly provided the significant segment expense categories included in the table below, which are reviewed against budgeted expectations to assist in resource allocation decision-making. The CODM does not review assets in evaluating operating performance, and therefore, such information is not presented.

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

    2026     2025  
             
Revenues $ 35,898,430   $ 31,544,203  
Cost of Revenues   19,888,761     17,933,997  
Gross Profit   16,009,669     13,610,206  
             
Product Royalty Income   507,934     133,604  
             
Operating Expenses            
  Salaries and wages   4,324,880     3,703,617  
  Professional fees   502,495     515,396  
  Advertising and marketing   2,490,029     2,044,264  
  Research and development   1,462,187     1,281,285  
  General and administrative   2,523,715     2,114,641  
  Other operating expenses   1,743,621     1,255,407  
Operating Expenses   13,046,927     10,914,610  
             
Income from Operations   3,470,676     2,829,200  
             
Other Income   150,764     199,884  
Provision for  Income taxes   941,757     769,226  
             
Net Income $ 2,679,683   $ 2,259,858