SEGMENTS

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

SEGMENTS

12. SEGMENTS

The Company operates in two segments:

(a) Energy and water conservation products (as shown under the column heading “EWCP” below), which consists of a (i) liquid swimming pool blankets which save energy and water by inhibiting evaporation from the pool surface, and (ii) food-safe powdered form of the active ingredient within the liquid blankets and which are designed to be used in still or slow moving drinking water sources.

(b) Biodegradable polymers, also known as TPA’s (as shown under the column heading “BCPA” below), used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. This product can also be used in detergents to increase biodegradability and in agriculture to increase crop yields by enhancing fertilizer uptake.

The third product line is nitrogen conservation products used for the agriculture industry. These products decrease the loss of nitrogen fertilizer after initial application and allow less fertilizer to be used. These products are made and sold by the Company’s BCPA division.

From time to time, the BCPA division also engages in performing research and development services for third parties.

The Company’s reportable segments are strategic business units that offer different, but synergistic products and services. They are managed separately because each business requires different technology and marketing strategies.

Segment information aligns with how the Company’s Chief Operating Decision Maker (“CODM”) reviews and manages our business. The Company’s CODM is the Company’s Chief Executive Officer. Profit or loss from operations before income taxes, not including nonrecurring gains and losses and foreign exchange gains and losses are reviewed by the CODM at a consolidated level. The CODM assesses performance for each of the Company’s segments and decides how to better allocate resources based on consolidated net income that is reported on the Consolidated Statements of Income. The Company’s objective in making resource allocation decisions is to optimize the consolidated financial results.

Three months ended September 30, 2025:

	EWCP			BPCA		Other (1)			Consolidated
Product sales	$	128,635		$	10,427,656	$	-		$	10,556,291
Cost of sales		28,455			8,004,061		-			8,032,516
Gross profit		100,180			2,423,595		-			2,523,775
Wages, administrative salaries and benefits		38,619			872,099		-			910,718
Office & miscellaneous		13,004			336,120		612			349,736
Other segment items (2)		(15,935	)		814,421		153,532			952,018
Net operating income (loss)		64,492			400,955		(154,144	)		311,303
Interest expense		-			136,465		-			136,465
Depreciation and amortization (included in cost of sales)		3,340			481,582		-			484,922
Capital expenditures		-			1,979,126		-			1,979,126
Assets at September 30, 2025 (3)		1,823,376			55,374,547		1,154,863			58,352,786

Three months ended September 30, 2024:

	EWCP		BPCA		Other (1)			Consolidated
Product sales	$	291,830	$	9,023,107	$	-		$	9,314,937
Cost of sales		109,804		5,398,317		-			5,508,121
Gross profit		182,026		3,624,790		-			3,806,816
Wages, administrative salaries and benefits		12,551		872,389		-			884,940
Office & miscellaneous		9,495		257,885		104			267,484
Other segment items (2)		48,818		608,751		82,873			740,442
Net operating income (loss)		111,162		1,885,765		(82,977	)		1,913,950
Interest expense		309		132,432		-			132,741
Depreciation and amortization (included in cost of sales)		3,840		484,291		-			488,131
Capital expenditures		-		1,212,422		-			1,212,422
Assets at December 31, 2024 (3)		2,588,731		56,415,104		964,744			59,968,579

Nine months ended September 30, 2025:

	EWCP		BPCA		Other (1)			Consolidated
Product sales	$	301,558	$	26,595,557	$	-		$	26,897,115
Research and development sales		-		2,500,000		-			2,500,000
Cost of sales		98,480		19,438,030		-			19,536,510
Gross profit		203,078		9,657,527		-			9,860,605
Wages, administrative salaries and benefits		80,885		2,619,860		-			2,700,745
Office & miscellaneous		35,886		687,326		1,479			724,691
Other segment items (2)		57,723		2,355,141		483,045			2,895,909
Net operating income (loss)		28,584		3,995,200		(484,524	)		3,539,260
Interest expense		-		518,610		-			518,610
Depreciation and amortization (included in cost of sales)		9,870		1,435,145		-			1,445,015
Capital expenditures		-		3,310,168		-			3,310,168
Assets at September 30, 2025 (3)		1,823,376		55,374,547		1,154,863			58,352,786

Nine months ended September 30, 2024:

	EWCP			BPCA		Other (1)			Consolidated
Product sales	$	500,934		$	28,567,614	$	-		$	29,068,548
Cost of sales		281,680			18,220,590		-			18,502,270
Gross profit		219,254			10,347,024		-			10,566,278
Wages, administrative salaries and benefits		63,391			2,774,727		-			2,838,118
Office & miscellaneous		31,394			591,114		306			622,814
Other segment items (2)		141,927			1,995,798		316,928			2,454,653
Net operating income (loss)		(17,458	)		4,985,385		(317,234	)		4,650,693
Interest expense		309			464,829		-			465,138
Depreciation and amortization (included in cost of sales)		11,551			1,416,104		-			1,427,655
Capital expenditures		-			2,876,119		-			2,876,119
Assets at December 31, 2024 (3)		2,588,731			56,415,104		964,744			59,968,579

(1)	Other is not considered an operating segment and includes expenses and income not identifiable to an operating segment and is not included in operating segment results
(2)	Other segment items for each reportable segment includes items such as insurance, consulting, research and development, professional fees, and travel.
(3)	Segment assets include cash, term deposits, accounts receivable, inventory, prepaid expenses, property and equipment, security deposits, investments, intangible assets, and goodwill.

Sales by territory are shown below:

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Canada	$	215,234	$	6,873	$	670,349	$	229,956
United States and abroad	$	10,341,057	$	9,308,064	$	28,726,766	$	28,838,592
	$	10,556,291	$	9,314,937	$	29,397,115	$	29,068,548

The Company’s long-lived assets (property, equipment, intangibles, and goodwill) are located in Canada and the United States and abroad as follows:

	September 30, 2025		December 31, 2024
Canada	$	110,334	$	116,496
United States and abroad		20,796,104		21,683,963
Total	$	20,906,438	$	21,800,459