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BUSINESS SEGMENT

6 Months Ended

Jun. 30, 2020

BUSINESS SEGMENT

BUSINESS SEGMENT

8.     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			Six Months Ended			Six Months Ended
		June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
U.S. sales		$	9,409,795		$	7,852,101		$	17,746,592		$	13,992,012
North and South America sales (excluding U.S.)			1,943,890			1,192,382			4,690,290			2,527,752
Other international sales			220,160			551,407			339,180			1,008,600
Total sales, net		$	11,573,845		$	9,595,890		$	22,776,062		$	17,528,364

Long-lived assets by geography are as follows:

		June 30, 2020			December 31, 2019
Long-lived assets
U.S.		$	10,509,390		$	10,542,688
International			77,307			89,369
Total		$	10,586,697		$	10,632,057

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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