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BUSINESS SEGMENT
 6 Months Ended
Jun. 30, 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
June 30, 2017

 

Three Months
Ended
June 30, 2016

 

Six Months
Ended
June 30, 2017

 

Six Months
Ended
June 30, 2016

 

U.S. sales

$

 
6,055,144

$

 
6,944,479

$

 
12,003,000

$

 
12,447,489

 

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

 
1,331,029

 
304,210

 
1,827,560

 
651,874

 

Other international sales

 
259,944

 
326,364

 
739,237

 
397,672

 

 

 

 

 

 

 

 

 

 

 

Total sales, net

$

 
7,646,117

$

 
7,575,053

$

 
14,569,797

$

 
13,497,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets by geography are as follows:

 

 

 

June 30, 2017

 

December 31, 2016

 

Long-lived assets

 

 

 

 

 

U.S.

 

$
11,669,906

 

$
11,930,293

 

International

 

$
149,682

 

$
161,744