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Note 11 - Segment and Geographic Data | 6 Months Ended
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Jun. 30, 2021
Notes to Financial Statements |
Product Sales and Significant Customers and Vendors Disclosure [Text Block] | NOTE 11 — SEGMENT AND GEOGRAPHIC DATA We conduct our business through two reportable segments: Dental and Medical. These segments offer different products and services to different customer bases. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, investor relations, patents, trademarks, licensing agreements, new instruments developments, financing activities and public company compliance. The following tables present information about our reportable and operating segments:
Net Sales: |  | Three months ended June 30, 2021 |  |  | Three months ended June 30, 2020 |  |  | Six months ended June 30, 2021 |  |  | Six months ended June 30, 2020 |
Dental |  | $ | 2,404,738 |  |  | $ | 165,674 |  |  | $ | 5,258,395 |  |  | $ | 1,969,260 |
Medical |  |  | 21,000 |  |  |  | 2,000 |  |  |  | 92,050 |  |  |  | 9,800 |
Total net sales |  | $ | 2,425,738 |  |  | $ | 167,674 |  |  | $ | 5,350,445 |  |  | $ | 1,979,060 |
Operating Income (Loss): |  | Three months ended June 30, 2021 |  |  | Three months ended June 30, 2020 |  |  | Six months ended June 30, 2021 |  |  | Six months ended June 30, 2020 |
Dental |  | $ | 524,798 |  |  | $ | (650,236 | ) |  | $ | 1,650,831 |  |  | $ | (223,856 | )
Medical |  |  | (1,135,001 | ) |  |  | (814,429 | ) |  |  | (2,030,720 | ) |  |  | (1,484,241 | )
Corporate |  |  | (2,262,369 | ) |  |  | (1,708,225 | ) |  |  | (3,477,056 | ) |  |  | (3,073,399 | )
Total operating loss |  | $ | (2,872,572 | ) |  | $ | (3,172,890 | ) |  | $ | (3,856,945 | ) |  | $ | (4,781,496 | )
Depreciation and Amortization |  | Three months ended June 30, 2021 |  |  | Three months ended June 30, 2020 |  |  | Six months ended June 30, 2021 |  |  | Six months ended June 30, 2020 |
Dental |  | $ | 860 |  |  | $ | 3,101 |  |  | $ | 2,566 |  |  | $ | 8,800 |
Medical |  |  | 1,165 |  |  |  | 621 |  |  |  | 5,016 |  |  |  | 4,333 |
Corporate |  |  | 12,809 |  |  |  | 17,416 |  |  |  | 28,178 |  |  |  | 45,224 |
Total depreciation and amortization |  | $ | 14,834 |  |  | $ | 21,138 |  |  | $ | 35,760 |  |  | $ | 54,457 |
Income (loss) before taxes and equity in earnings of affiliates: |  | Three months ended June 30, 2021 |  |  | Three months ended June 30, 2020 |  |  | Six months ended June 30, 2021 |  |  | Six months ended June 30, 2020 |
Dental |  | $ | 598,166 |  |  | $ | (651,384 | ) |  | $ | 1,723,284 |  |  | $ | (225,845 | )
Medical |  |  | (1,136,271 | ) |  |  | (815,391 | ) |  |  | (2,033,260 | ) |  |  | (1,486,310 | )
Corporate |  |  | (2,062,748 | ) |  |  | (1,710,177 | ) |  |  | (3,277,785 | ) |  |  | (3,077,500 | )
Total loss before taxes and equity in earnings of affiliate |  | $ | (2,600,853 | ) |  | $ | (3,176,952 | ) |  | $ | (3,587,761 | ) |  | $ | (4,789,655 | )
Total Assets: |  | June 30, 2021 |  |  | December 31, 2020 |
Dental |  | $ | 6,639,102 |  |  | $ | 6,035,645 |
Medical |  |  | 1,196,977 |  |  |  | 923,658 |
Corporate |  |  | 13,223,587 |  |  |  | 12,612,147 |
Total assets |  | $ | 21,059,666 |  |  | $ | 19,571,450 |
The following table presents information about our operations by geographic area for three months ended June 30, 2021 and 2020. Net sales by geographic area are based on the respective locations of our subsidiaries:
|  | Three Months Ended June 30, 2021 |  |  | Three Months Ended June 30, 2020 |
|  | Dental |  |  | Medical |  |  | Grand Total |  |  | Dental |  |  | Medical |  |  | Grand Total |
Domestic: US |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Instruments |  | $ | 178,752 |  |  | $ | - |  |  | $ | 178,752 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Handpieces |  |  | 802,916 |  |  |  | - |  |  |  | 802,916 |  |  |  | 36,812 |  |  |  | 2,000 |  |  |  | 38,812 |
Accessories |  |  | 18,974 |  |  |  |  |  |  |  | 18,974 |  |  |  | 1,542 |  |  |  |  |  |  |  | 1,542 |
Total Domestic US |  | $ | 1,000,642 |  |  | $ | - |  |  | $ | 1,000,642 |  |  | $ | 38,354 |  |  | $ | 2,000 |  |  | $ | 40,354 |
International: Rest of World |  |  | Dental |  |  |  | Medical |  |  |  | Grand Total |  |  |  | Dental |  |  |  | Medical |  |  |  | Grand Total |
Instruments |  |  | 156,588 |  |  | $ | 15,500 |  |  | $ | 172,088 |  |  | $ | 31,800 |  |  | $ | - |  |  | $ | 31,800 |
Handpieces |  |  | 709,624 |  |  |  | 5,500 |  |  |  | 715,124 |  |  |  | 87,632 |  |  |  | - |  |  |  | 87,632 |
Accessories |  |  | 12,548 |  |  |  | - |  |  |  | 12,548 |  |  |  | 7,888 |  |  |  | - |  |  |  | 7,888 |
Total International |  | $ | 878,761 |  |  | $ | 21,000 |  |  | $ | 899,761 |  |  | $ | 127,320 |  |  | $ | - |  |  | $ | 127,320 |
International: China |  |  | Dental |  |  |  | Medical |  |  |  | Grand Total |  |  |  | Dental |  |  |  | Medical |  |  |  | Grand Total |
Instruments |  | $ | 78,000 |  |  | $ | - |  |  | $ | 78,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Handpieces |  |  | 447,336 |  |  |  | - |  |  |  | 447,336 |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  |  |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | - |  |  |  | - |
Total International |  |  | 525,336 |  |  |  | - |  |  |  | 525,336 |  |  |  | - |  |  |  | - |  |  |  | - |
Total Product Sales |  | $ | 2,404,738 |  |  | $ | 21,000 |  |  | $ | 2,425,738 |  |  | $ | 165,674 |  |  | $ | 2,000 |  |  | $ | 167,674 |
The following table presents information about our operations by geographic area for six months ended June 30, 2021 and 2020. Net sales by geographic area are based on the respective locations of our subsidiaries:
|  | Six Months Ended June 30, 2021 |  |  | Six Months Ended June 30, 2020 |
|  | Dental |  |  | Medical |  |  | Total |  |  | Dental |  |  | Medical |  |  | Total |
Domestic: US |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Instruments |  | $ | 354,768 |  |  | $ | - |  |  | $ | 354,768 |  |  | $ | 525 |  |  | $ | - |  |  | $ | 525 |
Handpieces |  |  | 1,597,900 |  |  |  | 8,150 |  |  |  | 1,606,050 |  |  |  | 633,490 |  |  |  | 2,000 |  |  |  | 635,490 |
Accessories |  |  | 36,882 |  |  |  |  |  |  |  | 36,882 |  |  |  | 21,590 |  |  |  |  |  |  |  | 21,590 |
Total Domestic US |  | $ | 1,989,550 |  |  | $ | 8,150 |  |  | $ | 1,997,700 |  |  | $ | 655,605 |  |  | $ | 2,000 |  |  | $ | 657,605 |
International: Rest of World |  |  | Dental |  |  |  | Medical |  |  |  | Total |  |  |  | Dental |  |  |  | Medical |  |  |  | Total |
Instruments |  | $ | 539,841 |  |  | $ | 58,000 |  |  | $ | 597,841 |  |  | $ | 274,304 |  |  | $ | 7,600 |  |  | $ | 281,904 |
Handpieces |  |  | 1,663,559 |  |  |  | 25,900 |  |  |  | 1,689,459 |  |  |  | 1,017,923 |  |  |  | 200 |  |  |  | 1,018,123 |
Accessories |  |  | 33,109 |  |  |  | - |  |  |  | 33,109 |  |  |  | 21,428 |  |  |  | - |  |  |  | 21,428 |
Total International |  | $ | 2,236,509 |  |  | $ | 83,900 |  |  | $ | 2,320,409 |  |  | $ | 1,313,655 |  |  | $ | 7,800 |  |  | $ | 1,321,455 |
International: China |  |  | Dental |  |  |  | Medical |  |  |  | Total |  |  |  | Dental |  |  |  | Medical |  |  |  | Total |
Instruments |  | $ | 228,000 |  |  | $ | - |  |  | $ | 228,000 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Handpieces |  |  | 804,336 |  |  |  | - |  |  |  | 804,336 |  |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | - |
Total International |  |  | 1,032,336 |  |  |  | - |  |  | $ | 1,032,336 |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Total Product Sales |  | $ | 5,258,395 |  |  | $ | 92,050 |  |  | $ | 5,350,445 |  |  | $ | 1,969,260 |  |  | $ | 9,800 |  |  | $ | 1,979,060 |

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