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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2014
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

7.BUSINESS SEGMENTS

 

 

 

Three Months
Ended
September 30, 2014

 

Three Months
Ended
September 30, 2013

 

Nine Months
Ended
September 30, 2014

 

Nine Months
Ended
September 30, 2013

 

U.S. sales

 

$
8,264,437 

 

$
7,350,342 

 

$
18,372,109 

 

$
17,855,657 

 

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

 
2,479,666 

 
456,712 

 
4,477,311 

 
2,946,631 

 

Other international sales

 
142,577 

 
1,353,224 

 
954,000 

 
2,438,335 

 

 

 

 

Three Months
Ended
September 30, 2014

 

Three Months
Ended
September 30, 2013

 

Nine Months
Ended
September 30, 2014

 

Nine Months
Ended
September 30, 2013

 

Total sales

 

$
10,886,680 

 

$
9,160,278 

 

$
23,803,420 

 

$
23,240,623 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

 

 

 

 

Long-lived assets

 

 

 

 

 

 

 

 

 

U.S.

 

$
10,837,957 

 

$
10,676,053 

 

 

 

 

 

International

 

$
214,171 

 

$
234,119 

 

 

 

 

 

 

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.