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Note 10 - Segment and Geographic Data

3 Months Ended

Mar. 31, 2022

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

NOTE 10 — 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 base. 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:

	*Three months ended March 31,*
Sales
Net Sales:	*2022*		*2021*
Dental	$	2,693,352	$	2,853,657
Medical		7,550		71,050
Total net sales	$	2,700,902	$	2,924,707

Operating Income (Loss):	*2022*			*2021*
Dental	$	354,240		$	1,126,069
Medical		(1,236,091	)		(895,781	)
Corporate		(1,032,632	)		(1,214,661	)
Total operating loss	$	(1,914,483	)	$	(984,373	)

Depreciation and Amortization:	*2022*		*2021*
Dental	$	893	$	1,706
Medical		1,019		3,851
Corporate		14,902		15,367
Total depreciation and amortization	$	16,814	$	20,924

Income (loss) before taxes and equity in earnings of affiliates:	*2022*			*2021*
Dental	$	352,797		$	1,125,154
Medical		(1,237,540	)		(897,051	)
Corporate		(1,034,482	)		(1,215,011	)
Total loss before taxes and equity in earnings of affiliate	$	(1,919,225	)	$	(986,908	)

Total Assets	*March 31, 2022*		*December 31, 2021*
Dental	$	5,750,344	$	6,163,169
Medical		1,301,884		1,373,511
Corporate		12,012,948		12,273,064
Total assets	$	19,065,176	$	19,809,744

The following table presents information about our operations by geographic area for three months ended March 31, 2022 and 2021. Net sales by geographic area are based on the respective locations of our subsidiaries:

	March 31, 2022						March 31, 2021
Domestic: US	*Dental*		*Medical*		*Grand Total*		*Dental*		*Medical*		*Grand Total*
Instruments	$	122,968	$	-	$	122,968	$	176,016	$	-	$	176,016
Handpieces		795,859		7,550		803,409		794,984		8,150		803,134
Accessories		24,860		-		24,860		17,908		-		17,908
Grand Total	$	943,687	$	7,550	$	951,237	$	988,908	$	8,150	$	997,058

International: Rest of World
Instruments	$	453,560	$	-	$	453,560	$	383,255	$	42,500	$	425,755
Handpieces		923,952		-		923,952		954,534		20,400		974,934
Accessories		12,189		-		12,189		20,560		-		20,560
Grand Total	$	1,389,701	$	-	$	1,389,701	$	1,358,349	$	62,900	$	1,421,249

International: China
Instruments	$	-	$	-	$	-	$	150,000	$	-	$	150,000
Handpieces		359,964		-		359,964		356,400		-		356,400
Accessories		-		-		-		-		-		-
Grand Total	$	359,964	$	-	$	359,964	$	506,400	$	-	$	506,400

Total Product Sales	$	2,693,352	$	7,550	$	2,700,902	$	2,853,657	$	71,050	$	2,924,707