DISAGGREGATION OF REVENUES AND SEGMENT REPORTING | NOTE 4—DISAGGREGATION OF REVENUES AND SEGMENT REPORTING The Company has three reportable segments: The Retail and Appliances Segment provides a wide variety of appliance products (laundry, refrigeration, cooking, dishwashers, outdoor, accessories, parts, and other appliance related products) and services (delivery, installation, service and repair, extended warranties, and financing). The Construction Segment provides finished carpentry products and services (door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, fireplace mantles, windows, and custom design and build of cabinetry and countertops). The Automotive Supplies Segment provides horn and safety products (electric, air, truck, marine, motorcycle, and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles. 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 Services” below and these include costs associated with executive management, financing activities and public company compliance. The Company’s revenues for the three months ended March 31, 2022 and 2021 are disaggregated as follows: Three Months Ended March 31, 2022 Retail and Construction Automotive Total Revenues Appliances $ 2,204,625 $ - $ - $ 2,204,625 Appliance accessories, parts, and other 316,159 - - 316,159 Automotive horns - - 1,199,856 1,199,856 Automotive lighting - - 442,135 442,135 Custom cabinets and countertops - 4,167,801 - 4,167,801 Finished carpentry - 3,743,302 - 3,743,302 Total Revenues $ 2,520,784 $ 7,911,103 $ 1,641,991 $ 12,073,878 Three Months Ended March 31, 2021 Retail and Construction Automotive Total Revenues Appliances $ 2,899,361 $ - $ - $ 2,899,361 Appliance accessories, parts, and other 365,005 - - 365,005 Automotive horns - - - - Automotive lighting - - - - Custom cabinets and countertops - 1,515,909 - 1,515,909 Finished carpentry - - - - Total Revenues $ 3,264,366 $ 1,515,909 $ - $ 4,780,275 Segment information for the three months ended March 31, 2022 and 2021 is as follows: Three Months Ended March 31, 2022 Retail and Construction Automotive Corporate Total Revenues $ 2,520,784 $ 7,911,103 $ 1,641,991 $ - $ 12,073,878 Operating expenses - Cost of sales 1,871,450 4,879,591 998,089 - 7,749,130 Personnel 230,388 1,134,210 300,328 (87,226 ) 1,577,700 Depreciation and amortization 79,797 379,704 51,870 - 511,371 General and administrative 449,494 1,116,558 386,781 213,374 2,166,207 Total Operating Expenses 2,631,129 7,510,063 1,737,068 126,148 12,004,408 Income (Loss) from Operations $ (110,345 ) $ 401,040 $ (95,077 ) $ (126,148 ) $ 69,470 Three Months Ended March 31, 2021 Retail and Construction Automotive Corporate Total Revenues $ 3,264,366 $ 1,515,909 $ - $ - $ 4,780,275 Operating expenses - - Cost of sales 2,506,652 754,030 - - 3,260,682 Personnel 253,083 231,589 - - 484,672 Depreciation and amortization 44,675 77,431 - - 122,106 General and administrative 434,587 215,311 598,295 76,003 1,324,196 Total Operating Expenses 3,238,997 1,278,361 598,295 76,003 5,191,656 Income (Loss) from Operations $ 25,369 $ 237,548 $ (598,295 ) $ (76,003 ) $ (411,381 ) |