RETRACTABLE TECHNOLOGIES INC Segments Disclosure
18. BUSINESS SEGMENT
The Company operates in a reportable segment, referred to as safety medical syringes and other safety medical devices. The business is managed by the chief executive officer who is the Chief Operating Decision Maker (CODM). The CODM evaluates segment performance based on operating income (loss) for purposes of allocating resources and evaluating financial performance. The accounting policies of the Company’s single reportable segment are the same as those for the Company as a whole.
The following are summaries of the Company’s sales and long-lived assets by geography:
| 2025 | | 2024 | | 2023 | |||||
U.S. sales | $ | 32,236,899 | $ | 29,374,145 | $ | 34,599,754 | ||||
North and South America sales (excluding U.S.) |
| 5,060,698 |
| 1,960,769 |
| 6,085,166 | ||||
Other international sales |
| 968,614 |
| 1,714,619 |
| 2,912,006 | ||||
Total sales | $ | 38,266,211 | $ | 33,049,533 | $ | 43,596,926 | ||||
| December 31, 2025 | | December 31, 2024 | ||||
Long-lived assets | |||||||
U.S. | $ | 75,996,168 | $ | 83,373,876 | |||
International | 3,183,881 | 3,974,642 | |||||
Total | $ | 79,180,049 | $ | 87,348,518 | |||
Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit. The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order. All transactions are in U.S. currency.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Mar 28, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 30, 2020 | |
| 2018 | Mar 28, 2019 | |
| 2017 | Apr 2, 2018 | |
| 2016 | Mar 31, 2017 | |
| 2015 | Mar 30, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.