Note 10 - Segment and Geographic Data

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

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 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:

	Three months ended September 30,				Nine months ended September 30,
Sales
Net Sales:	2022		2021		2022		2021
Dental	$	2,206,499	$	2,076,233	$	6,509,619	$	7,334,628
Medical		9,200		32,000		55,350		124,050
Total net sales	$	2,215,699	$	2,108,233	$	6,564,969	$	7,458,678

Operating Income (Loss):	2022			2021			2022			2021
Dental	$	308,913		$	193,252		$	826,175		$	1,844,083
Medical		(937,468	)		(937,876	)		(3,788,842	)		(2,968,596	)
Corporate		(1,384,940	)		(1,236,297	)		(3,850,189	)		(4,713,353	)
Total operating loss	$	(2,013,495	)	$	(1,980,921	)	$	(6,812,856	)	$	(5,837,866	)

Depreciation and Amortization:	2022		2021		2022		2021
Dental	$	951	$	892	$	2,737	$	3,458
Medical		1,019		1,241		3,056		6,257
Corporate		14,691		14,220		44,328		42,398
Total depreciation and amortization	$	16,661	$	16,353	$	50,121	$	52,113

Income (loss) before taxes and equity in earnings of affiliates:	2022			2021			2022			2021
Dental	$	307,699		$	191,864		$	822,270		$	1,915,148
Medical		(938,963	)		(939,202	)		(3,793,236	)		(2,972,462	)
Corporate		(1,354,219	)		(1,238,191	)		(3,815,071	)		(4,515,976	)
Total loss before taxes and equity in earnings of affiliate	$	(1,985,483	)	$	(1,985,529	)	$	(6,786,037	)	$	(5,573,290	)

Total Assets	September 30, 2022		December 31, 2021
Dental	$	4,083,657	$	6,163,169
Medical		863,470		1,373,511
Corporate		10,331,332		12,273,064
Total assets	$	15,278,459	$	19,809,744

The following table presents information about our operations by geographic area for the three and nine months ended September 30, 2022 and 2021.  Net sales by geographic area are based on the respective locations of our subsidiaries:

	Three months ended September 30, 2022						Three months ended September 30, 2021
Domestic: US	Dental		Medical		Grand Total		Dental		Medical		Grand Total
Instruments	$	164,341	$	7,500	$	171,841	$	36,480	$	-	$	36,480
Handpieces		678,473		1,700		680,173		721,149		11,500		732,649
Accessories		24,304		-		24,304		21,253		-		21,253
Grand Total	$	867,118	$	9,200	$	876,318	$	778,882	$	11,500	$	790,382
International: Rest of World
Instruments	$	436,069	$	-	$	436,069	$	253,063	$	4,500	$	257,563
Handpieces		881,616		-		881,616		674,133		16,000		690,133
Accessories		21,696		-		21,696		9,300				9,300
Grand Total	$	1,339,381	$	-	$	1,339,381	$	936,496	$	20,500	$	956,996
International: China
Instruments	$	-	$	-	$	-	$	-	$	-	$	-
Handpieces		-		-		-		360,855		-		360,855
Accessories		-		-		-				-		-
Grand Total	$	-	$	-	$	-	$	360,855	$	-	$	360,855
Total Product Sales	$	2,206,499	$	9,200	$	2,215,699	$	2,076,233	$	32,000	$	2,108,233

	Nine months ended September 30, 2022						Nine months ended September 30, 2021
Domestic: US	Dental		Medical		Grand Total		Dental		Medical		Grand Total
Instruments	$	442,336	$	7,500	$	449,836	$	391,250	$	-	$	391,250
Handpieces		2,275,865		25,750		2,301,615		2,319,049		19,650		2,338,699
Accessories		73,210		2,100		75,310		58,134		-		58,134
Grand Total	$	2,791,411	$	35,350	$	2,826,761	$	2,768,433	$	19,650	$	2,788,083
International: Rest of World
Instruments	$	1,050,443	$	-	$	1,050,443	$	792,903	$	62,500	$	855,403
Handpieces		2,265,367		20,000		2,285,367		2,337,692		41,900		2,379,592
Accessories		42,434		-		42,434		42,409		-		42,409
Grand Total	$	3,358,244	$	20,000	$	3,378,244	$	3,173,004	$	104,400	$	3,277,404
International: China
Instruments	$	-	$	-	$	-	$	228,000	$	-	$	228,000
Handpieces		359,964		-		359,964		1,165,191		-		1,165,191
Accessories		-		-		-		-		-		-
Grand Total		359,964		-	$	359,964	$	1,393,191	$	-	$	1,393,191
Total Product Sales	$	6,509,619	$	55,350	$	6,564,969	$	7,334,628	$	124,050	$	7,458,678