Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING (Tables)

v3.26.1
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING INFORMATION

 

Segment Reporting as of and for the year ended December 31, 2025

 

    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 45,097     $ 16,577     $ 61,674 (4)(5)   $     $ 61,674  
Cost of goods sold:                                        
Payroll and benefit expenses     18,810       8,516       27,326             27,326  
Material and supplies expenses     6,965             6,965             6,965  
Disposal expenses     3,195             3,195             3,195  
Transportation expenses     1,488             1,488             1,488  
Subcontract expenses           1,256       1,256             1,256  
Other cost of goods sold (2)     9,845       5,626       15,471             15,471  
Total cost of goods sold     40,303       15,398       55,701             55,701  
Gross profit     4,794       1,179       5,973             5,973  
Selling, general and administrative expenses (“SG&A”):                                        
Payroll and benefits     3,571       2,355       5,926       3,854       9,780  
Other SG&A (3)     1,697       861       2,558       4,078       6,636  
Total SG&A     5,268       3,216       8,484       7,932       16,416  
Research and development     969       30       999       292       1,291  
Loss (gain) on disposal of property and equipment     6       (5 )     1             1  
Loss from operations   $ (1,449 )   $ (2,062 )   $ (3,511 )   $ (8,224 )     (11,735 )
Interest income                                     1,123  
Interest expense                                     (230 )
Interest expense-financing fees                                     (84 )
Other expense                                     261  
Loss from continuing operations before taxes                                     (10,665 )
Income tax expense                                      
Loss from continuing operations, net of taxes                                   $ (10,665 )

 

Segment Reporting as of and for the year ended December 31, 2024

 

    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 34,953     $ 24,164        $ 59,117 (4)(5)   $     $ 59,117  
Cost of Goods Sold:                                        
Payroll and benefits expenses     16,257       9,494       25,751             25,751  
Material and supplies expenses     4,074             4,074             4,074  
Disposal expenses     5,317             5,317             5,317  
Transportation expenses     1,118             1,118             1,118  
Subcontract expenses           7,152       7,152             7,152  
Other cost of goods sold (2)     9,297       6,406       15,703             15,703  
Total cost of goods sold     36,063       23,052       59,115             59,115  
Gross (loss) profit     (1,110 )     1,112       2             2  
SG&A:                                        
Payroll and benefits     2,858       2,413       5,271       3,296       8,567  
Other SG&A (3)     1,432       892       2,324       3,600       5,924  
Total SG&A     4,290       3,305       7,595       6,896       14,491  
Research and development     842       111       953       219       1,172  
Loss on disposal of property and equipment     18       3       21             21  
Loss from operations   $ (6,260 )   $ (2,307 )   $ (8,567 )   $ (7,115 )     (15,682 )
Interest income                                     921  
Interest expense                                     (473 )
Interest expense-financing fees                                     (66 )
Other income                                     166  
Loss from continuing operations before taxes                                     (15,134 )
Income tax expense                                     4,435  
Loss from continuing operations, net of taxes                                   $ (19,569 )

 

(1) Amounts reflect the activity for corporate headquarters not included in the segment reporting information.

 

(2) Other cost of goods sold for each reportable segment includes:
  Treatment - lab, regulatory, maintenance, depreciation and amortization, travel, outside services and general expenses.
  Services - material and supplies, disposal and transportation, lab, regulatory, maintenance, depreciation and amortization, travel, outside services and general expenses.

 

 

(3) Other SG&A for each reportable segment and Corporate includes:
  Treatment-depreciation and amortization, travel, outside services, maintenance and general expenses.
  Services- travel, outside services, maintenance and general expenses.
  Corporate-maintenance, depreciation and amortization, travel, outside services/public company and general expenses.

 

(4) Revenue derived from federal government entities, either directly as a prime contractor or indirectly for others as a subcontractor to federal government entities, was approximately $39,243,000 or 63.6% of total revenue for 2025 and $40,550,000 or 68.6% of total revenue for 2024.

 

(5) The following table reflects revenue based on customer location (in thousands):
SCHEDULE OF REVENUE BASED ON CUSTOMER LOCATION

 SCHEDULE OF REVENUE BASED ON CUSTOMER LOCATION

    2025     2024  
United States   $ 55,234     $ 56,665  
Canada     2,820       513  
Germany     774       734  
Italy     389       77  
Mexico     2,144       394  
Slovenia     94       181  
United Kingdom     219       553  
Total   $ 61,674     $ 59,117  
SCHEDULE OF DEPRECIATION AND AMORTIZATION

The following table presents depreciation and amortization for the years ended December 31, (in thousands):

 

    2025     2024  
Treatment   $ 1,582     $ 1,484  
Services     133       177  
Total segment     1,715       1,661  
Corporate     44       102  
Total   $ 1,759     $ 1,763  

SCHEDULE OF CAPITAL EXPENDITURES

 

    2025     2024  
Treatment   $ 4,623     $ 3,002  
Services     85       403  
Total segment     4,708       3,405  
Corporate            
Total   $ 4,708     $ 3,405  
SCHEDULE OF LONG-LIVED ASSETS FOR CONTINUED OPERATIONS

The following table presents long-lived assets for the Company’s continuing operations for the years ended December 31, (in thousands):

 

    2025     2024  
United States   $ 24,600     $ 21,133  
Foreign Subsidiaries            
Total   $ 24,600     $ 21,133