Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.22.2.2
Segment Reporting
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING

NOTE 12 – SEGMENT REPORTING

During the six months ended June 30, 2021, the Company operated in one reportable business segment, which consisted of the manufacture and sale of a windshield strengthening water repellent solution as well as a disinfection product, and the sale of multi-purpose glass strengthening primer and window film mounting solutions, including ballistic-resistant film systems and a forced entry system (the “C-Bond Segment”). During the six months ended June 30, 2022, the Company operated in two reportable business segments - (1) the manufacture and sale of a windshield strengthening water repellent solution as well as a disinfection product, and the sale of multi-purpose glass strengthening primer and window film mounting solutions, including ballistic-resistant film systems and a forced entry system (the “C-Bond Segment”), and (2) the distribution and installation of window film solutions (the “Mobile Tint Segment”). The Company’s reportable segments were strategic business units that offered different products. They were managed separately based on the fundamental differences in their operations and locations.

Information with respect to these reportable business segments for the three and six months ended June 30, 2022 and 2021 was as follows:

For the Three Months Ended
June 30,		 For the Six Months Ended
June 30,
2022 2021 2022 2021
Revenues:
C-Bond $ 78,805 $ 133,670 $ 177,974 $ 289,320
Mobile Tint 461,562
-
 873,102
-
540,367 133,670 1,051,076 289,320
Depreciation and amortization:
C-Bond 2,138 2,472 4,432 4,944
Mobile Tint 20,617
-
 41,233
-
22,755 2,472 45,665 4,944
Interest expense:
C-Bond
-
 1,136
-
 1,372
Mobile Tint 4,942
-
 8,656
-
Other (a) 358,596 24,038 603,462 42,177
363,538 25,174 612,118 43,549
Net (loss):
C-Bond (242,893 ) (224,465 ) (528,615 ) (979,782 )
Mobile Tint (50,326 )
-
 (115,428 )
-
Other (a) (716,133 ) (354,560 ) (2,284,728 ) (4,463,216 )
$ (1,009,352 ) $ (579,025 ) $ (2,928,771 ) $ (5,442,998 )

June 30,
2022		 December 31,
2021
Identifiable long-lived tangible assets on June 30, 2022 and December 31, 2021 by segment
C-Bond $ 4,362 $ 8,794
Mobile Tint 110,247 126,228
$ 114,609 $ 135,022

(a) The Company does not allocate any general and administrative expense of its holding company activities to its reportable segments, because these activities are managed at the corporate level.