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BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2012
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

 

7.

BUSINESS SEGMENTS

 

 

 

March 31, 2012

 

March 31, 2011

 

U.S. sales

 

$

5,987,324

 

$

7,303,238

 

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

 

229,193

 

2,259,320

 

Other international sales

 

1,213,467

 

185,074

 

Total sales, net

 

$

7,429,984

 

$

9,747,632

 

 

 

 

 

March 31, 2012

 

December 31, 2011

 

 

 

 

 

 

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

12,152,262

 

$

12,412,502

 

International

 

 $

236,030

 

$

241,354

 

 

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.