Segment Reporting

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Reporting

Note 12 – 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 recent acquisition of the assets of Electronic Control Concepts are included with Overhoff in the table below. The assets and operations of the Company’s subsidiary, Cali From Above, are through March 3, 2023, which is the date the Company divested its interest in Cali and are included with Optron in the table below.

The following tables summarize the Company’s segment information for the three and six months ended June 30, 2024, and 2023:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Sales
Optron	$	201,319		$	(135,587	)	$	259,056		$	95,764
Overhoff		301,249			480,387			871,262			898,743
Corporate		-			-			-			-
	$	502,568		$	346,801		$	1,130,318		$	994,507
Gross profit
Optron	$	111,093		$	(198,201	)	$	125,204		$	(39,681	)
Overhoff		147,348			232,854			487,006			509,923
Corporate		-			-			-			-
	$	258,441		$	34,653		$	612,210		$	470,242
Income (loss) from operations
Optron	$	368,111		$	(417,837	)	$	137,991		$	(471,810	)
Overhoff		(551,031	)		(8,445	)		(389,830	)		28,542
Corporate		(180,280	)		(139,484	)		(255,790	)		(422,734	)
	$	(363,200	)	$	(565,766	)	$	(507,629	)	$	(866,002	)
Interest Expenses
Optron	$	449		$	4,618		$	1,219		$	9,890
Overhoff		6,297			4,935			12,354			8,591
Corporate		85,403			11,147			115,779			24,359
	$	92,149		$	20,700		$	129,352		$	42,840
Net income (loss)
Optron	$	(171,561	)	$	(422,455	)	$	(402,450	)	$	(489,240	)
Overhoff		(18,182	)		(13,380	)		156,615			24,951
Corporate		(265,683	)		(435,683	)		(371,569	)		(1,071,763	)
	$	(455,426	)	$	(871,518	)	$	(617,404	)	$	(1,536,052	)

	As of June 30, 2024		As of December 31, 2023
Total Assets
Optron	$	855,231	$	830,844
Overhoff		1,970,847		2,007,107
Corporate		18,340		18,925
	$	2,844,418	$	2,856,876
Goodwill
Optron	$	-	$	-
Overhoff		570,176		570,176
Corporate		-		-
	$	570,176	$	570,176