Note 11 - Segment and Geographic Data

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Product Sales and Significant Customers and Vendors Disclosure [Text Block]

NOTE 11 — SEGMENT AND GEOGRAPHIC DATA

We conduct our business through two reportable segments: Dental and Medical. These segments offer different products and services to different customer bases. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, investor relations, patents, trademarks, licensing agreements, new instruments developments, financing activities and public company compliance.

The following tables present information about our reportable and operating segments:

Net Sales:	Three months ended September 30, 2021		Three months ended September 30, 2020		Nine months ended September 30, 2021		Nine months ended September 30, 2020
Dental	$	2,076,233	$	1,240,110	$	7,334,628	$	3,209,370
Medical		32,000		6,000		124,050		15,800
Total net sales	$	2,108,233	$	1,246,110	$	7,458,678	$	3,225,170

Operating Income (Loss):	Three months ended September 30, 2021			Three months ended September 30, 2020			Nine months ended September 30, 2021			Nine months ended September 30, 2020
Dental	$	193,252		$	191,235		$	1,844,083		$	(32,624	)
Medical		(937,876	)		(812,840	)		(2,968,596	)		(2,297,080	)
Corporate		(1,236,297	)		(855,123	)		(4,713,353	)		(3,928,521	)
Total operating loss	$	(1,980,921	)	$	(1,476,728	)	$	(5,837,866	)	$	(6,258,225	)

Depreciation and Amortization	Three months ended September 30, 2021		Three months ended September 30, 2020		Nine months ended September 30, 2021		Nine months ended September 30, 2020
Dental	$	892	$	402	$	3,458	$	9,202
Medical		1,241		674		6,257		5,006
Corporate		14,220		15,429		42,398		60,653
Total depreciation and amortization	$	16,353	$	16,505	$	52,113	$	74,861

Income (loss) before taxes and equity in earnings of affiliates:	Three months ended September 30, 2021			Three months ended September 30, 2020			Nine months ended September 30, 2021			Nine months ended September 30, 2020
Dental	$	191,864		$	190,472		$	1,915,148		$	(35,376	)
Medical		(939,202	)		(813,935	)		(2,972,462	)		(2,300,243	)
Corporate		(1,238,191	)		(853,834	)		(4,515,976	)		(3,931,333	)
Total loss before taxes and equity in earnings of affiliate	$	(1,985,529	)	$	(1,477,297	)	$	(5,573,290	)	$	(6,266,952	)

Total Assets:	September 30, 2021		December 31, 2020
Dental	$	6,047,663	$	6,035,645
Medical		1,369,098		923,658
Corporate		12,660,726		12,612,147
Total assets	$	20,077,487	$	19,571,450

The following table presents information about our operations by geographic area for three months ended September 30, 2021 and 2020.  Net sales by geographic area are based on the respective locations of our subsidiaries:

	Three Months Ended September 30, 2021						Three Months Ended September 30, 2020
	Dental		Medical		Grand Total		Dental		Medical		Grand Total
Domestic: US
Instruments	$	36,480	$	-	$	36,480	$	34,657	$	-	$	34,657
Handpieces		721,149		11,500		732,649		356,566		-		356,566
Accessories		21,253		-		21,253		16,906		-		16,906
Total Domestic US	$	778,882	$	11,500	$	790,382	$	408,129	$	-	$	408,129
International: Rest of World
Instruments	$	253,063	$	4,500	$	257,563	$	220,694	$	-	$	220,694
Handpieces		674,133		16,000		690,133		602,000		6,000		608,000
Accessories		9,300		-		9,300		9,287		-		9,287
Total International	$	936,496	$	20,500	$	956,996	$	831,981	$	6,000	$	837,981
International: China
Instruments	$	-	$	-	$	-	$	-	$	-	$	-
Handpieces		360,855		-		360,855		-		-		-
Accessories		-		-		-		-		-		-
Total International		360,855		-	$	360,855		-		-		-
Total Product Sales	$	2,076,233	$	32,000	$	2,108,233	$	1,240,110	$	6,000	$	1,246,110

The following table presents information about our operations by geographic area for nine months ended September 30, 2021 and 2020.  Net sales by geographic area are based on the respective locations of our subsidiaries:

	Nine Months Ended September 30, 2021						Nine Months Ended September 30, 2020
	Dental		Medical		Grand Total		Dental		Medical		Grand Total
Domestic: US
Instruments	$	391,250	$	-	$	391,250	$	35,181	$	-	$	35,181
Handpieces		2,319,049		19,650		2,338,699		992,057		2,000		994,057
Accessories		58,134				58,134		37,895		-		37,895
Total Domestic US	$	2,768,433	$	19,650	$	2,788,083	$	1,065,133	$	2,000	$	1,067,133
International: Rest of World
Instruments	$	792,903	$	62,500	$	855,403	$	494,998	$	7,600	$	502,598
Handpieces		2,337,692		41,900		2,379,592		1,618,524		6,200		1,624,724
Accessories		42,409				42,409		30,715		-		30,715
Total International	$	3,173,004	$	104,400	$	3,277,404	$	2,144,237	$	13,800	$	2,158,037
International: China
Instruments	$	228,000	$	-	$	228,000	$	-	$	-	$	-
Handpieces		1,165,191		-		1,165,191		-		-		-
Accessories		-		-		-		-		-		-
Total International		1,393,191		-	$	1,393,191	$	-	$	-	$	-
Total Product Sales	$	7,334,628	$	124,050	$	7,458,678	$	3,209,370	$	15,800	$	3,225,170