XML 22 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
BUSINESS SEGMENT
 3 Months Ended
Mar. 31, 2017
BUSINESS SEGMENT  
BUSINESS SEGMENT

7.      BUSINESS SEGMENT

 

The Company does not operate in separate reportable segments.  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.  Revenues by geography are as follows:

 

 

 

Three Months Ended
March 31, 2017

 

Three Months Ended
March 31, 2016

 

U.S. sales

 

 $
5,947,856

 

 $
5,503,010

 

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

 
496,531

 
347,664

 

Other international sales

 
479,293

 
71,308

 

 

 

 

 

 

 

Total sales, net

 

 $
6,923,680

 

 $
5,921,982

 

 

 

 

 

 

 

 

 

 

Long-lived assets by geography are as follows:

 

 

 

March 31, 2017

 

December 31, 2016

 

Long-lived assets

 

 

 

 

 

U.S.

 

 $
11,747,565

 

 $
11,930,293

 

International

 

 $
155,713

 

 $
161,744