SEGMENTS

6 Months Ended

Jun. 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 June 30, 2025:

	EWCP		BPCA		Other (1)			Consolidated
Product sales	$	132,738	$	8,734,394	$	-		$	8,867,132
Research and development services sales		-		2,500,000		-			2,500,000
Cost of sales		20,228		5,961,638		-			5,981,866
Gross profit		112,510		5,272,756		-			5,385,266
Wages, administrative salaries and benefits		24,673		870,117		-			894,790
Office & miscellaneous		9,331		223,311		194			232,836
Other segment items (2)		53,943		714,350		192,233			960,526
Net operating income (loss)		24,563		3,464,978		(192,427	)		3,297,114
Interest expense		-		184,126		-			184,126
Depreciation and amortization (included in cost of sales)		3,324		491,571		-			494,895
Capital expenditures		-		976,921		-			976,921
Assets at June 30, 2025 (3)		1,620,647		55,440,799		1,172,602			58,234,048

Three months ended June 30, 2024:

	EWCP			BPCA		Other (1)			Consolidated
Product sales	$	167,496		$	10,361,243	$	-		$	10,528,739
Cost of sales		132,868			6,456,776		-			6,589,644
Gross profit		34,628			3,904,467		-			3,939,095
Wages, administrative salaries and benefits		22,435			861,726		-			884,161
Office & miscellaneous		12,395			185,154		158			197,707
Other segment items (2)		73,236			659,613		153,466			886,315
Net operating income (loss)		(73,438	)		2,197,974		(153,624	)		1,970,912
Interest expense		-			157,131		-			157,131
Depreciation and amortization (included in cost of sales)		3,828			513,027		-			516,855
Capital expenditures		-			1,185,574		-			1,185,574
Assets at December 31, 2024 (3)		2,588,731			56,415,104		964,744			59,968,579

Six months ended June 30, 2025:

	EWCP			BPCA		Other (1)			Consolidated
Product sales	$	172,923		$	16,167,901	$	-		$	16,340,824
Research and development sales		-			2,500,000		-			2,500,000
Cost of sales		70,025			11,433,969		-			11,503,994
Gross profit		102,898			7,233,932		-			7,336,830
Wages, administrative salaries and benefits		42,266			1,747,761		-			1,790,027
Office & miscellaneous		22,882			351,206		867			374,955
Other segment items (2)		73,657			1,540,720		329,514			1,943,891
Net operating income (loss)		(35,907	)		3,594,245		(330,381	)		3,227,957
Interest expense		-			382,145		-			382,145
Depreciation and amortization (included in cost of sales)		6,530			953,563		-			960,093
Capital expenditures		-			1,331,042		-			1,331,042
Assets at June 30, 2025 (3)		1,620,647			55,440,799		1,172,602			58,234,048

Six months ended June 30, 2024:

	EWCP			BPCA		Other (1)			Consolidated
Product sales	$	209,104		$	19,544,507	$	-		$	19,753,611
Cost of sales		171,876			12,822,273		-			12,994,149
Gross profit		37,228			6,722,234		-			6,759,462
Wages, administrative salaries and benefits		50,840			1,902,338		-			1,953,178
Office & miscellaneous		21,899			333,229		202			355,330
Other segment items (2)		93,109			1,387,047		234,055			1,714,211
Net operating income (loss)		(128,620	)		3,099,620		(234,257	)		2,736,743
Interest expense		-			332,397		-			332,397
Depreciation and amortization (included in cost of sales)		7,711			931,813		-			939,524
Capital expenditures		-			1,663,697		-			1,663,697
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, 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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Canada	$	167,020	$	134,605	$	455,115	$	223,083
United States and abroad	$	11,200,112	$	10,394,134	$	18,385,709	$	19,530,528
	$	11,367,132	$	10,528,739	$	18,840,824	$	19,753,611

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

	June 30, 2025		December 31, 2024
Canada	$	116,122	$	116,496
United States		22,055,286		21,683,963
Total	$	22,171,408	$	21,800,459