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 and six months ended June 30, 2022 and 2021 are disaggregated as follows: Three Months Ended June 30, 2022 Retail and Appliances Construction Automotive Supplies Total Revenues Appliances $ 2,509,217 $ - $ - $ 2,509,217 Appliance accessories, parts, and other 357,794 - - 357,794 Automotive horns - - 1,471,923 1,471,923 Automotive lighting - - 511,131 511,131 Custom cabinets and countertops - 3,130,143 - 3,130,143 Finished carpentry - 4,911,035 - 4,911,035 Total Revenues $ 2,867,011 $ 8,041,178 $ 1,983,054 $ 12,891,243 Three Months Ended June 30, 2021 Retail and Appliances Construction Automotive Supplies Total Revenues Appliances $ 2,943,273 $ - $ - $ 2,943,273 Appliance accessories, parts, and other 409,345 - - 409,345 Automotive horns - - 1,631,907 1,631,907 Automotive lighting - - 348,461 348,461 Custom cabinets and countertops - 1,314,968 - 1,314,968 Finished carpentry - - - - Total Revenues $ 3,352,618 $ 1,314,968 $ 1,980,368 $ 6,647,954 Six Months Ended June 30, 2022 Retail and Appliances Construction Automotive Supplies Total Revenues Appliances $ 4,713,842 $ - $ - $ 4,713,842 Appliance accessories, parts, and other 673,953 - - 673,953 Automotive horns - - 2,671,779 2,671,779 Automotive lighting - - 953,266 953,266 Custom cabinets and countertops - 7,297,944 - 7,297,944 Finished carpentry - 8,654,337 - 8,654,337 Total Revenues $ 5,387,795 $ 15,952,281 $ 3,625,045 $ 24,965,121 Six Months Ended June 30, 2021 Retail and Appliances Construction Automotive Supplies Total Revenues Appliances $ 5,842,634 $ - $ - $ 5,842,634 Appliance accessories, parts, and other 774,350 - - 774,350 Automotive horns - - 1,631,907 1,631,907 Automotive lighting - - 348,461 348,461 Custom cabinets and countertops - 2,830,877 - 2,830,877 Finished carpentry - - - - Total Revenues $ 6,616,984 $ 2,830,877 $ 1,980,368 $ 11,428,229 Segment information for the three and six months ended June 30, 2022 and 2021 is as follows: Three Months Ended June 30, 2022 Retail and Appliances Construction Automotive Supplies Corporate Services Total Revenues $ 2,867,011 $ 8,041,178 $ 1,983,054 $ - $ 12,891,243 Operating expenses Cost of sales 2,179,267 4,771,998 1,127,618 - 8,078,883 Personnel 213,736 1,281,293 269,677 (177,533 ) 1,587,173 Depreciation and amortization 48,019 399,085 51,870 - 498,974 General and administrative 488,062 1,177,529 451,728 263,125 2,380,444 Total Operating Expenses 2,929,084 7,629,905 1,900,893 85,592 12,545,474 Income (Loss) from Operations $ (62,073 ) $ 411,273 $ 82,161 $ (85,592 ) $ 345,769 Three Months Ended June 30, 2021 Retail and Appliances Construction Automotive Supplies Corporate Services Total Revenues $ 3,352,618 $ 1,314,968 $ 1,980,368 $ - $ 6,647,954 Operating expenses Cost of sales 2,602,598 720,466 1,191,725 - 4,514,789 Personnel 239,167 234,757 362,644 - 836,568 Depreciation and amortization 44,003 82,069 - - 126,072 General and administrative 396,655 233,961 298,291 421,423 1,350,330 Total Operating Expenses 3,282,423 1,271,253 1,852,660 421,423 6,827,759 Income (Loss) from Operations $ 70,195 $ 43,715 $ 127,708 $ (421,423 ) $ (179,805 ) Six Months Ended June 30, 2022 Retail and Appliances Construction Automotive Supplies Corporate Services Total Revenues $ 5,387,795 $ 15,952,281 $ 3,625,045 $ - $ 24,965,121 Operating expenses Cost of sales 4,050,717 9,651,589 2,125,707 - 15,828,013 Personnel 444,124 2,415,503 570,005 (264,759 ) 3,164,873 Depreciation and amortization 127,816 778,789 103,740 - 1,010,345 General and administrative 937,556 2,294,087 838,509 476,499 4,546,651 Total Operating Expenses 5,560,213 15,139,968 3,637,961 211,740 24,549,882 Income (Loss) from Operations $ (172,418 ) $ 812,313 $ (12,916 ) $ (211,740 ) $ 415,239 Six Months Ended June 30, 2021 Retail and Appliances Construction Automotive Supplies Corporate Services Total Revenues $ 6,616,984 $ 2,830,877 $ 1,980,368 $ - $ 11,428,229 Operating expenses - Cost of sales 5,109,250 1,474,496 1,191,725 - 7,775,471 Personnel 492,250 466,346 362,644 - 1,321,240 Depreciation and amortization 88,678 159,500 - - 248,178 General and administrative 831,242 449,272 896,586 497,426 2,674,526 Total Operating Expenses 6,521,420 2,549,614 2,450,955 497,426 12,019,415 Income (Loss) from Operations $ 95,564 $ 281,263 $ (470,587 ) $ (497,426 ) $ (591,186 ) |