Company: APT
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025400
Chunk: 9

Company: ALPHA PRO TECH LTD
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.

(2)Disposable Protective Apparel: consisting of a complete line of disposable protective garments, including shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns and hoods, as well as face masks and face shields for the pharmaceutical, cleanroom, industrial, medical and dental markets. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.

The chief operating decision maker (‘ CODM”) of the Company is the Company’s chief executive officer. The CODM assesses performance and decides how to allocate resources, including (1) employees, and (2) financial or capital resources, based on segment net sales.

Segment data excludes charges allocated to the principal executive office and other unallocated corporate overhead expenses and income tax. The Company evaluates the performance of its segments and allocates resources to them based primarily on segment net sales.

The accounting policies of the segments are the same as those described previously under Summary of Significant Accounting Policies (see Note 2 in the notes to our consolidated financial statements in Item 8 of the 2024 Form 10-K).

The following provides segment information as described below:

                                           For the Three Months Ended                                                             For the Six Months Ended                                  
                                           June 30, 2025                                                                          June 30, 2025                                             
                                           Building Supply                                 Disposable                             Building Supply                                           
                                                                                                                                                                                            
                                                                                           Protective Apparel                                                                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Segment sales                            $                               11,084,000      $                       5,588,000      $                             19,456,000      11,038,000  
  Less:                                                                                                                                                                                     
  Cost of goods sold                                                        7,162,000                              3,379,000                                    12,530,000       6,441,000  
  Selling, general and administrative                                       1,748,000                              1,301,000                                     3,626,000       2,749,000  
  Depreciation and amortization                                               187,000                                 28,000                                       376,000          54,000  
  Other income