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Note 11 - Segment and Geographic Data

6 Months Ended

Jun. 30, 2021

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