Note 14 - Significant Customers / Concentration

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

14

 

- SIGNIFICANT CUSTOMERS / CONCENTRATION

For the year ended

December 31,

2017,

our

four

largest customers accounted for approximately

16%,

10%,

7%

and

5%,

respectively, of our net sales (approximately

38%

in total). For the year ended

December 31, 2016,

our

four

largest customers accounted for approximately

33%,

25%,

5%

and

4%,

respectively, of our net sales (approximately

67%

in total).

The Company sells products

 throughout the world; sales by geographical region are as follows for the year ended

December 31, 2017

and

2016:

	For the Year Ended December 31
	2017		201 6
United States and Canada	$	1,115,447	$	689,766
Australia		640,322		387,807
South America		89,438		115,675
Asia		1,608,822		1,105,272
Europe		7,889,148		11,607,874
	$	11,343,177	$	13,906,394

The Company

’s sales by product line are as follows for the year ended

December 31, 2017

and

2016:

	For the Year Ended December 31
	2017		201 6
Ceramic diesel particulate	$	7,230,416	$	5,820,793
Liquid filters and systems		3,987,424		7,731,079
Kiln furniture		125,337		354,522
	$	11,343,177	$	13,906,394

As of

December 31,

2017,

approximately

87%

and

13%

of the Company’s assets were located in Denmark and the United States, respectively. As of

December 31, 2016,

approximately

85%

and

15%

of the Company’s assets were located in Denmark and the United States, respectively.