| SCHEDULE OF SEGMENT REPORTING INFORMATION |
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 |
|
| 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 |
|
| 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): |
|