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BUSINESS SEGMENT

9 Months Ended

Sep. 30, 2021

BUSINESS SEGMENT

BUSINESS SEGMENT

9.    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, 2021

September 30, 2020

September 30, 2021

September 30, 2020

U.S. sales (excluding U.S. government)

​

$

15,653,047

​

$

12,624,055

​

$

39,336,134

​

$

29,203,105

Sales to U.S. government

​

​

18,420,480

​

​

12,898,080

​

​

83,560,680

​

​

14,065,623

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

​

701,802

​

1,295,530

​

3,161,418

​

5,985,820

Other international sales

​

1,580,718

​

273,399

​

2,868,484

​

612,578

Total sales

​

$

36,356,047

​

$

27,091,064

​

$

128,926,716

​

$

49,867,126

​

Long-lived assets by geography are as follows:

​

​	​	​	​	​	​	​	​
​		September 30, 2021			December 31, 2020		​
Long-lived assets	​	​	​	​	​	​	​
U.S.	​	$	72,822,361	​	$	30,751,259	​
International	​	​	3,803,619	​	​	65,245	​
Total	​	$	76,625,980	​	$	30,816,504	​

​

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
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