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BUSINESS SEGMENT
9 Months Ended
Sep. 30, 2019
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

 

Three Months Ended

 

 

Nine Months Ended

 

Nine Months Ended

 

    

September 30, 2019

    

September 30, 2018

 

    

September 30, 2019

    

September 30, 2018

U.S. sales

 

$

9,039,208

 

$

8,747,696

 

 

$

23,031,222

 

$

21,665,039

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

 

 

2,432,734

 

 

803,654

 

 

 

4,960,486

 

 

2,605,591

Other international sales

 

 

167,644

 

 

311,922

 

 

 

1,176,242

 

 

740,436

Total sales

 

$

11,639,586

 

$

9,863,272

 

 

$

29,167,950

 

$

25,011,066

 

Long-lived assets by geography are as follows:

 

 

 

 

 

 

 

 

 

    

September 30, 2019

    

December 31, 2018

Long-lived assets

 

 

 

 

 

 

U.S.

 

$

10,602,380

 

$

10,738,253

International

 

 

95,400

 

 

113,494

Total

 

$

10,697,780

 

$

10,851,747