Note 9 - Significant Customers / Concentration / Disaggregated Revenue

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

9

- SIGNIFICANT CUSTOMERS / CONCENTRATION / DISAGGREGATED REVENUE

For the

three

months ended

March 31, 2019, 

our 

four

largest customers accounted for approximately

59%

of our net sales.

For the

three

months ended

March 31, 2018,

our

two

largest customers accounted for approximately

21%

of our net sales.

The Company sells products throughout the world; disaggregated revenue by geographical region are as follows for the

three

months ended

March 31, 2019

and

2018:

	For the Three Months Ended March 31 ,
	201 9		201 8
United States and Canada	$	113,059	$	109,225
Australia		62,113		200,303
South America		319,528		3,428
Asia		1,239,113		817,601
Europe		5,687,385		1,260,825
	$	7,421,198	$	2,391,382

The Company’s disaggregated revenue by product line are as follows for the

three

months ended

March 31, 2019

and

2018:

	For the Three Months Ended March 31 ,
	201 9		201 8
Ceramic diesel particulate	$	2,243,268	$	1,770,493
Liquid filters and systems		5,040,333		463,277
Development projects		137,597		157,612
	$	7,421,198	$	2,391,382

As of

March 31, 2019,

approximately

92%

of the Company’s assets were located in Denmark and

8%

in the United States, respectively. As of

March 31, 2018,

approximately

85%

of the Company’s assets were located in Denmark and

15%

in the United States, respectively.