XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.2

Note 8 - Significant Customers / Concentration / Disaggregated Revenue

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

 

NOTE

8

 - SIGNIFICANT CUSTOMERS / CONCENTRATION / DISAGGREGATED REVENUE

For the

six

months ended

June 30, 2019, 

our

4

largest customers accounted for approximately

74%

of our net sales.

For the

six

months ended

June 30, 2018, 

our largest customer accounted for approximately

12%

of our net sales.

The Company sells products throughout the world; disaggregated revenue by geographical region is as follows for the

three

and

six

months ended

June 30, 2019

and

2018:

 

		For the Three Months								For the Six Months
		Ended June 30,								Ended June 30,
		2019				2018				2019				2018
United States and Canada		$	255,642			$	260,525			$	688,229			$	369,750
Australia			153,401				82,490				215,514				282,793
South America			-				24,248				-				27,676
Asia			933,693				111,015				2,172,807				928,616
Europe			7,954,450				3,119,750				13,641,834				4,380,575
		$	9,297,186			$	3,598,028			$	16,718,384			$	5,989,410

The Company’s disaggregated revenue by product line is as follows for the

three

and

six

months ended

June 30, 2019

and

2018:

 

		For the Three Months								For the Six Months
		Ended June 30,								Ended June 30,
		2019				2018				2019				2018
Ceramic diesel particulate		$	747,234			$	1,609,057			$	2,990,502			$	3,537,162
Liquid filters and systems			8,453,136				1,988,971				13,493,469				2,452,248
Development projects			96,815				-				234,413				-
		$	9,297,186			$	3,598,028			$	16,718,384			$	5,989,410

As of

June 30, 2019,

approximately

92%

and

8%

of the Company’s assets were located in Denmark and the United States, respectively. As of

June 30, 2018,

approximately

90%

and

10%

of the Company’s assets were located in Denmark and the United States, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration