v3.26.3
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 10 – Segment Reporting

 

ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The Company has two reportable segments: Optron and Overhoff. Optron is located in Canoga Park, California and Overhoff is located in Milford, Ohio. The assets and operations of the Company’s acquisition of the assets of Electronic Control Concepts are included with Overhoff in the table below.

 

Although the reportable segments use similar production processes for the Company’s hardware and software products and services, each one is managed separately to better align with the type of product manufactured. Our Optron facility produces radiation monitors, while the Overhoff facility manufactures tritium monitors. Both facilities offer calibration and repair services to the respective monitor systems or devices. The Company currently evaluates the performance of its reportable segments based on net sales and operating income. The Company’s Chief Operating Decision Maker (CODM) does not utilize any additional profit/loss metrics or any detailed asset allocations as part of the overall analysis, as the Company does not currently have these specific details available for review. While efforts are being made to enhance our internal metrics and reporting processes, currently, a complete suite of expense metrics for evaluating the effectiveness of our resource allocation across all segments is not fully operational. We are exploring project management tools and centralized platforms to integrate data from various sources and improve visibility into resource utilization. For each reporting segment, the Manager of Operations reports to the CODM, who is the Company’s CEO, Robert Goldstein.

 

The following tables summarize the Company’s segment information for the years ended March 31, 2026, and 2025:

 

    March 31,  
    2026     2025  
Sales            
Optron   $ 97,090     $ 86,217  
Overhoff     255,119       390,488  
Corporate     -       -  
    $ 352,209     $ 476,705  
                 
Gross profit                
Optron   $ 37,595     $ 46,931  
Overhoff     117,400       301,986  
Corporate     -       -  
    $ 154,995     $ 348,917  
                 
Income (loss) from operations                
Optron   $ 21,219     $ (83,329 )
Overhoff     (122,690 )     56,148  
Corporate     (44,432 )     (496,699 )
    $ (145,903 )   $ (523,880 )
                 
Interest Expenses                
Optron   $ 5,087     $ 2,046  
Overhoff     30,253       20,151  
Corporate     5,843       14,155  
    $ 41,183     $ 36,352  
                 
Net income (loss)                
Optron   $ 16,132     $ (85,375 )
Overhoff     (152,944 )     35,997  
Corporate     (50,275 )     (510,854 )
    $ (187,086 )   $ (560,232 )

 

 

    As of March 31,  
    2026     2025  
Total Assets            
Optron   $ 31,722     $ 912,495  
Overhoff     1,601,945       1,566,818  
Corporate     5,283       18,517  
    $ 1,638,950     $ 2,497,830  
                 
Goodwill                
Optron   $ -     $ -  
Overhoff     439,662       570,176  
Corporate     -       -  
    $ 439,662     $ 570,176