Note 16 - Geographical Information

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

16—GEOGRAPHICAL

INFORMATION

ASC

280

-

10

-

50,

“ Disclosure about Segments of an Enterprise and Related Information,” establishes standards for the manner in which companies report information about operating segments, products, geographic areas and major customers The method of determining what information to report is based on the way that management organizes the operating segment within the enterprise for making operating decisions and assessing financial performance. Since the Company has

one

product, sells to global customers in

one

industry, procures raw materials from similar vendors and expects similar long-term economic characteristics, the Company has

one

reporting segment and the information as to its operation is set forth below.

Operations by Geographic Area

	Three Months Ended March 31,
	2019		2018
Net Sales
Spain	$	816	$	1,476
United States		455		1,814
India		546		426
China		—		30
Total Net Sales	$	1,817	$	3,746

Long

–

Lived Assets by Geographic Area

	March 31, 2019		December 31, 2018
Long-Lived Assets
United States	$	1,146	$	1,180
Spain		10,529		9,707
China		—		—
Hong Kong		—		—
Total Long–Lived Assets	$	11,675	$	10,887

Foreign sales are based on the country in which the sales originated. Net sales to

two

of the Company’s major customers that exceeded

10%

of the Company’s consolidated net sales for the

three

months ended

March 31, 2019

was

$822.

Net sales to

two

of the Company’s major customers that exceeded

10%

of the Company’s consolidated net sales for the

three

months ended

March 31, 2018

was

$2,176.

Accounts receivable from

two

customers amounted to

$2,158

as of

March 31, 2019

and accounts receivable from

one

customer amounted to

$2,051

as of

December 31, 2018.