Note 15 – Geographical Analysis

 

Geographical distribution of sales consisted of the following for the years ended December 31, 2025 and 2024:

 

   2025   2024 
Geographical Areas          
North America  $8,717,307   $9,435,936 
Hong Kong   7,919,662    - 
Other countries   85,734    251,039 
Revenues  $16,722,703   $9,686,975 

 

Geographical location of identifiable long-lived assets as of December 31, 2025 and 2024:

 

   2025   2024 
Geographical Areas          
North America  $660,003   $1,281,203 
Asia   -    413,302 
Total  $660,003   $1,694,505 

 

Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Mar 31, 2025
2023Apr 15, 2024
2022Apr 17, 2023

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.