v3.26.3
OPERATING SEGMENTS
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
OPERATING SEGMENTS

NOTE – 19 OPERATING SEGMENTS

 

The Company has three reportable segments: (1) White button mushroom (2) Compost III and (3) Mushroom powder seasonings in 2025 and one segment in 2024.

 

                              
   White button mushroom   Compost III   Mushroom powder seasonings   Corporate   Eliminations   Total 
For the year ended December 31, 2025                              
Net operating revenues:                              
Third party   2,667,590    1,242,360   $2,212,683   $-   $-   $6,122,633 
Intersegment   1,004,550    382,920    -    -    (1,387,470)   - 
Total net operating revenues   3,672,140    1,625,280    2,212,683    -    -    7,510,103 
Cost of goods sold   (1,325,499)   (1,124,985)   (3,154,629)   -    -    (5,605,113)
Intersegment cost of goods sold   (382,920)   -    (1,004,550)   -    1,387,470    - 
Total net operating cost   (1,708,419)   (1,124,985)   (4,159,179)   -         (6,992,583)
Selling, general administrative expenses   (340,204)   (847,800)   (894,890)   (321,638)   -    (2,404,532)
Research and  development   (155,696)   (156,917)   (49,899)   -    -    (362,512)
Operating income (loss)   846,191    (887,342)   (1,886,735)   (321,638)        (2,249,524)
Interest income (expense)   (299,049)   (36,671)   (189,002)             (524,722)
Other income (loss) — net   54,323    88,598    128,152              271,073 
Income before income taxes  $601,465   $(835,415)  $(1,947,585)  $(321,638)   -   $(2,503,173)
Other segment information:                              
Property, plant and equipment - net  $2,019,895   $772,190   $13,521,164   $162   $-   $16,313,411 
Depreciation and amortization  $200,493   $91,454   $1,545,234   $-   $-   $1,837,181 

 

                               
   White button mushroom   Compost III   Mushroom powder seasonings   Corporate   Eliminations   Total 
Year Ended December 31, 2024                              
Net operating revenues:                              
Third party  $5,858,322   $2,884,364   $3,939,645   $-   $-    12,682,330 
Intersegment   4,588,702    3,270,725    881,232    205,000    (8,945,659)   - 
Total net operating revenues   10,447,024    6,155,089    4,820,877    -    -    21,422,990 
Cost of goods sold   (3,384,118)   (631,830)   (5,119,049)   -    -    (9,134,997)
Intersegment cost   (4,574,213)   (3,418,261)   (576,657)   -    8,569,131    - 
Total net operating cost   (7,958,331)   (4,050,091)   (5,695,707)   -    -    (17,704,129)
Selling expense   (177,926)   (28,973)   (796,019)   (148,008)   -    (1,150,927)
general administrative expenses   (32,745)   (32,855)   -    -    65,600    - 
Research and development   (340,309)   (163,516)   (204,929)   -    -    (708,754)
Operating income (loss)   1,955,969    2,060,044    (2,180,353)   (148,008)   -    1,687,652 
Interest expense   (328,571)   (42,686)   (281,857)   -    -    (653,114)
Other income (loss) — net   7,576    22,167    182,741    831    -    213,315 
Income before income taxes  $1,634,974   $2,039,525   $(2,279,470)  $(147,177)   -   $1,247,853 
Other segment information:                              
Property, plant and equipment - net  $2,090,501   $724,851   $14,368,418   $422   $-   $17,184,192 
Depreciation and amortization  $162,836   $62,114   $1,540,719   $260   $-   $1,765,929 

 

*$310,928 of the balance of elimination is the inter-segment unsold inventory.