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BUSINESS SEGMENTS
 6 Months Ended
Jun. 30, 2013
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

7.              BUSINESS SEGMENTS

 

 

 

Three Months
Ended
June 30, 2013

 

Three Months
Ended
June 30, 2012

 

Six Months
Ended
June 30, 2013

 

Six Months
Ended
June 30, 2012

 

U.S. sales

 

$

4,769,084

 

 $

6,798,877

 

  $

10,505,314

 

  $

12,786,202

 

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

 

1,897,631

 

190,779

 

2,489,920

 

419,972

 

Other international sales

 

240,518

 

1,738,249

 

1,085,111

 

2,951,715

 

Total sales, net

 

$

6,907,233

 

 $

8,727,905

 

  $

14,080,345

 

  $

16,157,889

 

 

 

 

June 30, 2013

 

December 31, 2012

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

11,229,865

 

  $

11,679,592

 

International

 

$

209,410

 

  $

220,058

 

 

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.