Note 10 - Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting Disclosure [Text Block]

Note 10 – Segment Information

The Company operates in one reportable segment, which includes all activities related to the delivery and provisioning of voice service charges to its residential and business subscribers, access charges to IXCs for providing the carriers access to our local phone networks and the provisioning of video and data services. The determination of a single reportable segment is consistent with the consolidated financial information regularly provided to the Company’s chief operating decision-maker, which is its Chief Executive Officer, who reviews and evaluates consolidated net income (loss) for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods. The measure of segment assets is reported on the balance sheet as total assets.

The following table presents the segment revenue and significant expense categories included within the product segment’s measure of profit or loss for the quarters ending March 31, 2025, and 2024:

	Quarter Ended March 31,
	2025		2024

Revenue	$	17,880,769	$	16,945,125

Less:
Cost of Services, Excluding Depreciation and Amortization		7,675,697		7,796,021
Selling, General and Administrative		2,954,324		2,874,332
Depreciation and Amortization		4,835,847		4,354,659
Other Expense, net		985,846		897,914
Income Taxes Expense		400,135		286,214
Net Income	$	1,028,920	$	735,985

The Communications Segment operates the following communications companies.

Communications Segment

●

Communications Companies:

▪

Nuvera Communications, Inc., the parent company,

▪

HTC, a wholly owned subsidiary of Nuvera,

▪

Peoples Telephone Company, a wholly owned subsidiary of Nuvera,

▪

Scott-Rice, a wholly owned subsidiary of Nuvera,

▪

Sleepy Eye Telephone Company, a wholly owned subsidiary of Nuvera,

▪

Western Telephone Company, a wholly owned subsidiary of Nuvera, and

▪

Hutchinson Telecommunications, Inc., a wholly owned subsidiary of HTC, located in Litchfield and Glencoe, Minnesota.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Nuvera Communications, Inc. 10-Q