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BUSINESS SEGMENTS
9 Months Ended
Sep. 30, 2011
BUSINESS SEGMENTS 
BUSINESS SEGMENTS

7.

BUSINESS SEGMENTS

 

 

 

Three Months
Ended

September 30, 2011

 

Three Months

Ended

September 30, 2010

 

Nine Months

Ended

September 30, 2011

 

Nine Months

Ended

September 30, 2010

 

U.S. sales

$

7,956,439

$

9,801,446

$

21,120,938

$

24,509,721

 

North and South America sales (excluding U.S.)

 

218,969

 

1,962,509

 

4,422,056

 

2,729,154

 

Other international sales

 

95,200

 

471,063

 

451,217

 

910,493

 

Total sales

$

8,270,608

$

12,235,018

$

25,994,211

$

28,149,368

 

 

 

 

September 30, 2011

 

 

December 31, 2010

 

Long-lived assets

 

 

 

 

 

 

U.S.

$

12,341,178

 

$

12,297,942

 

International

$

246,678

 

$

262,650

 

 

The Company does not operate in separate reportable segments.  The Company has minimal long-lived assets in foreign countries.  Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit.  The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order.  All transactions are in U.S. currency.