AmpliTech Group, Inc. Segments Disclosure

(6) Segment Reporting

 

ASC Topic 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. Operating segments are components of an enterprise for which separate discrete financial information is available and regularly evaluated by the CODM to allocate resources and assess performance. The Company has identified its Chief Executive Officer (“CEO”) as the CODM and has determined that it operates in two reportable segments: the manufacturing and engineering segment, which is operated by AmpliTech Inc. and Specialty Microwave: and the distribution segment, which is operated by Spectrum. The manufacturing and engineering segment assembles microwave components, and the distribution segment is a global distributor of integrated circuits packages and lids. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate” below and include costs associated with executive management, financing activities and public company compliance.

 

 

AmpliTech Group, Inc.

Notes To Consolidated Financial Statements

For the Years Ended December 31, 2025 and 2024

 

The following table presents summary information by segment for the year ended December 31, 2025: 

 Schedule of Segment Reporting

		Manufacturing and Engineering				Distribution				Corporate				Total
Revenue		$	16,966,124			$	8,229,806			$	–			$	25,195,930
Cost of goods sold			14,450,292				4,715,625				–				19,165,917
Net income (loss)			(5,888,253	)			847,047				(1,965,949	)			(7,007,155	)
Research and development (1)			2,687,176				–				–				2,687,176
Total assets			17,687,839				16,870,888				16,920,452				51,479,179
Depreciation and amortization			676,968				117,990				497,598				1,292,556
Interest income, net			127,774				–				32,539				160,313

 

The following table presents summary information by segment for the year ended December 31, 2024: 

 

		Manufacturing and Engineering				Distribution				Corporate				Total
Revenue		$	3,600,475			$	5,907,897			$	–			$	9,508,372
Cost of goods sold			3,227,140				2,796,125				–				6,023,265
Net income (loss)			(7,379,725	)			1,146,548				(5,009,227	)			(11,242,404	)
Research and development (2)			3,590,695				–				–				3,590,695
Total assets			27,344,872				15,821,000				54,410				43,220,482
Depreciation and amortization			418,733				120,026				–				538,759
Interest expense, net			25,216				–				266,979				292,195

 

(1)	Research and development for the year ending December 31, 2025 was comprised of $858,325 of 5G expenses and $1,828,851 of MMIC design expenses.
(2)	Research and development for the year ending December 31, 2024 was comprised of $2,030,071 of 5G expenses and $1,560,624 of MMIC design expenses.

 

 

AmpliTech Group, Inc.

Notes To Consolidated Financial Statements

For the Years Ended December 31, 2025 and 2024