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Note 1 - Summary of Significant Accounting Policies: Presentation of Sales and Similar Taxes (Policies) | 12 Months Ended
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Dec. 31, 2014
Policies |
Presentation of Sales and Similar Taxes | Presentation of Sales and Similar Taxes Sales tax on revenue-producing transactions is recorded as a liability when the sale occurs. UTMD is not required to withhold sales tax on international sales, and at least 85% of domestic 2014 sales were to customers who are tax exempt or who are in jurisdictions where UTMD is not required to withhold sales tax.

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