| Schedule of Company’s Segment Information |
The following tables summarize the Company’s
segment information for the three and six months ended June 30, 2023, and 2022:
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2023 | | |
2022 | | |
2023 | | |
2022 | |
| | |
| | |
| | |
| | |
| |
| Sales | |
| | |
| | |
| | |
| |
| Optron | |
$ | (135,587 | ) | |
$ | 22,176 | | |
$ | 95,764 | | |
$ | 79,213 | |
| Overhoff | |
| 480,387 | | |
| 560,349 | | |
| 898,743 | | |
| 842,870 | |
| Corporate | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
$ | 346,801 | | |
$ | 582,525 | | |
$ | 994,507 | | |
$ | 922,083 | |
| | |
| | | |
| | | |
| | | |
| | |
| Gross profit | |
| | | |
| | | |
| | | |
| | |
| Optron | |
$ | (198,201 | ) | |
$ | 127 | | |
$ | (39,681 | ) | |
$ | 44,209 | |
| Overhoff | |
| 232,855 | | |
| 262,627 | | |
| 509,924 | | |
| 445,822 | |
| Corporate | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
$ | 34,654 | | |
$ | 262,754 | | |
$ | 470,243 | | |
$ | 490,031 | |
| | |
| | | |
| | | |
| | | |
| | |
| Income (loss) from operations | |
| | | |
| | | |
| | | |
| | |
| Optron | |
$ | (425,377 | ) | |
$ | (353,012 | ) | |
$ | (479,350 | ) | |
$ | (571,850 | ) |
| Overhoff | |
| (3,445 | ) | |
| 193,058 | | |
| 33,542 | | |
| (122,294 | ) |
| Corporate | |
| (248,656 | ) | |
| (106,045 | ) | |
| (531,906 | ) | |
| (224,081 | ) |
| | |
$ | (677,477 | ) | |
$ | (265,999 | ) | |
$ | (977,713 | ) | |
$ | (918,225 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Interest Expenses | |
| | | |
| | | |
| | | |
| | |
| Optron | |
$ | 4,618 | | |
$ | 1,411 | | |
$ | 9,890 | | |
$ | 3,856 | |
| Overhoff | |
| 4,935 | | |
| 1,112 | | |
| 8,591 | | |
| 2,084 | |
| Corporate | |
| 11,147 | | |
| - | | |
| 24,359 | | |
| - | |
| | |
$ | 20,700 | | |
$ | 2,523 | | |
$ | 42,840 | | |
$ | 5,940 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net income (loss) | |
| | | |
| | | |
| | | |
| | |
| Optron | |
$ | (422,455 | ) | |
$ | (348,423 | ) | |
$ | (489,240 | ) | |
$ | (563,706 | ) |
| Overhoff | |
| (13,380 | ) | |
| 179,946 | | |
| 24,951 | | |
| (136,378 | ) |
| Corporate | |
| (435,683 | ) | |
| (349,051 | ) | |
| (1,071,763 | ) | |
| (415,856 | ) |
| | |
$ | (871,518 | ) | |
$ | (517,528 | ) | |
$ | (1,536,052 | ) | |
$ | (1,115,940 | ) |
| | |
As
of
June 30,
2023 | | |
As of
December 31,
2022 | |
| Total Assets | |
| | |
| |
| Optron | |
$ | 720,964 | | |
$ | 1,021,817 | |
| Overhoff | |
| 2,228,777 | | |
| 2,037,988 | |
| Corporate | |
| 24,354 | | |
| 48,932 | |
| | |
$ | 2,974,095 | | |
$ | 3,108,737 | |
| | |
| | | |
| | |
| Goodwill | |
| | | |
| | |
| Optron | |
$ | - | | |
$ | - | |
| Overhoff | |
| 570,176 | | |
| 570,176 | |
| Corporate | |
| - | | |
| - | |
| | |
$ | 570,176 | | |
$ | 570,176 | |
|