Company: APT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015457
Chunk: 9

Company: ALPHA PRO TECH LTD
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
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 employees, 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 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 March 31, 2025                                                                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                           Building Supply                                               Disposable Protective Apparel                 
  Segment sales                            $                                              8,372,000      $                                  5,450,000  
  Less:                                                                                                                                                
  Cost of goods sold                                                                      5,368,000                                         3,062,000  
  Selling, general and administrative                                                     1,878,000                                         1,446,000  
  Depreciation and amortization                                                             189,000                                            27,000  
  Other income                                                                            ( 119,000                                          ( 21,000  
  Segment net income                       $                                              1,056,000      $                                    936,000  

                                           For the Three Months Ended March 31, 2024                                                                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                           Building Supply                                               Disposable Protective Apparel                 
  Segment sales                            $                                              8,240,000      $                                  5,242,000  
  Less:                                                                                                                                                
  Cost of goods sold                                                                      5,223,000                                         2,842