Significant Customers

9 Months Ended

Sep. 30, 2011

NOTE — 10 SIGNIFICANT CUSTOMERS

Milestone had net product sales to two customers (distributors) for the nine months ended September 30, 2011 of which in the aggregate accounted for approximately 43% of total sales. Additionally, three customers (distributors) which in the aggregate accounted for approximately 63% of revenue for nine months ended September 30, 2010. Milestone had sales to one of these major customers (a worldwide distributor of Milestone’s products based in China) of $1,847,468 (24%) for the nine months ended September 30, 2010. Accounts receivable from these customers amounted to $838,238 and $533,191 representing 64% and 44% of gross accounts receivable as of September 30, 2011 and December 31, 2010, respectively.

Milestone’s sales by product and by geographical region are as follows:


	Three Months Ended September 30,
	2011		2010

Instruments	$	416,582	$	427,362
Handpieces		1,328,167		1,473,204
Other		1,127		26,323

	$	1,745,876	$	1,926,889


United States	$	849,344	$	865,967
Canada		163,171		97,954
Other Foreign		733,361		962,968

	$	1,745,876	$	1,926,889


	Nine Months Ended September 30,
	2011		2010

Instruments	$	2,381,115	$	2,851,614
Handpieces		4,188,135		4,781,987
Other		66,733		74,535

	$	6,635,983	$	7,708,136


United States	$	3,527,595	$	3,329,793
Canada		468,786		468,462
Other Foreign		2,639,602		3,909,881

	$	6,635,983	$	7,708,136