v3.26.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENTED DATA

The following tables represent segment data for the nine- and three-month periods ended September 30, 2026 and 2025 (in thousands):

 

 

   PG   CP   IS   Total 
Nine months ended September 30, 2026:                    
Revenues from external customers  $6,892   $415   $—   $7,307 
COGS   1,261    124    —    1,385 
Segment gross profit   5,631    291    —    5,922 
R&D expense   643    99    —    742 
SG&A expense   3,134    260    116    3,510 
Segment operating income (loss)   1,854    (68)   (116)   1,670 
Interest income   89    6    —    95 
Interest expense – accretion of discount on deferred acquisition consideration   (8)   —    —    (8)
Segment income (loss) before income taxes  $1,935   $(62)  $(116)  $1,757 
                     
Nine months ended September 30, 2025:                    
Revenues from external customers  $8,507   $594    —   $9,101 
COGS   1,976    215    —    2,191 
Segment gross profit   6,531    379    —    6,910 
R&D expense   767    56    —    823 
SG&A expense   3,024    221    —    3,245 
Segment operating income   2,740    102    —    2,842 
Interest income, net   76    6    —    82 
Segment income before income taxes  $2,816   $108    —   $2,924 

 

 

   PG   CP   IS   Total 
Three months ended September 30, 2026:                    
Revenues from external customers  $2,442   $149   $—   $2,591 
COGS   457    47    —    504 
Segment gross profit   1,985    102    —    2,087 
R&D expense   211    37    —    248 
SG&A expense   1,164    86    36    1,286 
Segment operating income (loss)   610    (21)   (36)   553 
Interest income, net   30    2    —    32 
Interest expense – accretion of discount on deferred acquisition consideration   (8)   —    —    (8)
Segment income (loss) before income taxes  $632   $(19)  $(36)  $577 
                     
Three months ended September 30, 2025:                    
Revenues from external customers  $2,260   $218    —   $2,478 
COGS   451    82    —    533 
Segment gross profit   1,809    136    —    1,945 
R&D expense   243    24    —    267 
SG&A expense   999    73    —    1,072 
Segment operating income   567    39    —    606 
Interest income, net   30    3    —    33 
Segment income before income taxes  $597   $42    —   $639 
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT OF OPERATIONS

Reconciliation of Segment Income to Consolidated Net Income Before Income Taxes

 

   2026   2025   2026   2025 
  

Nine months ended

September 30,

  

Three months ended

September 30,

 
   2026   2025   2026   2025 
   (in thousands) 
Total net income before income taxes for reportable segments  $1,757   $2,924   $577   $639 
Unallocated cost of corporate headquarters   (1,234)   (1,129)   (363)   (446)
Consolidated net income before income taxes  $523   $1,795   $214   $193