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Note M - Segment and Geographic Data

12 Months Ended

Dec. 31, 2022

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

NOTE M — SEGMENT AND GEOGRAPHIC DATA

The Company conducts its 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:

	*Year ended December 31,*
Sales
Net Sales:	*2022*			*2021*
Dental	$	8,753,156		$	10,152,511
Medical		52,750			152,200
Total net sales	$	8,805,906		$	10,304,711

Operating Income (Loss):	*2022*			*2021*
Dental	$	1,121,815		$	2,475,059
Medical		(4,788,105	)		(4,105,854	)
Corporate		(5,161,183	)		(5,747,713	)
Total operating loss	$	(8,827,473	)	$	(7,378,508	)

Depreciation and Amortization:	*2022*			*2021*
Dental	$	3,805		$	4,351
Medical		4,075			7,313
Corporate		55,875			62,172
Total depreciation and amortization	$	63,755		$	73,836

Income (loss) before taxes and equity in earnings of affiliates:	*2022*			*2021*
Dental	$	1,116,598		$	2,544,730
Medical		(4,794,089	)		(4,111,159	)
Corporate		(5,095,375	)		(5,552,259	)
Total loss before taxes and equity in earnings of affiliate	$	(8,772,866	)	$	(7,118,688	)

Total Assets	*December 31, 2022*			*December 31, 2021*
Dental	$	3,875,978		$	6,163,169
Medical		620,373			1,373,511
Corporate		9,205,735			12,273,064
Total assets	$	13,702,086		$	19,809,744

The following table presents information about our operations by geographic area as of December 31, 2022 and 2021. Net sales by geographic area are based on the respective locations of our subsidiaries.

	2022						2021
Domestic: US	*Dental*		*Medical*		*Grand Total*		*Dental*		*Medical*		*Grand Total*
Instruments	$	524,715	$	7,500	$	532,215	$	560,424	$	-	$	560,424
Handpieces		2,653,914		25,250		2,679,164		2,905,354		35,200		2,940,554
Accessories		78,493		-		78,493		69,271		1,300		70,571
Grand Total	$	3,257,122	$	32,750	$	3,289,872	$	3,535,049	$	36,500	$	3,571,549

International: Rest of World		*Dental*		*Medical*		*Grand Total*	*Dental*		*Medical*			*Grand Total*
Instruments	$	1,413,525	$	-	$	1,413,525	$	1,226,486	$	70,000	$	1,296,486
Handpieces		3,391,748		20,000		3,411,748		3,246,302		44,900		3,291,202
Accessories		60,797		-		60,797		46,546		800		47,346
Grand Total	$	4,866,070	$	20,000	$	4,886,070	$	4,519,334	$	115,700	$	4,635,034

International: China		*Dental*		*Medical*		*Grand Total*	*Dental*		*Medical*			*Grand Total*
Instruments	$	270,000	$	-	$	270,000	$	303,000	$	-	$	303,000
Handpieces		359,964		-		359,964		1,795,128		-		1,795,128
Accessories		-		-		-		-		-		-
Grand Total		629,964		-	$	629,964	$	2,098,128	$	-	$	2,098,128

Total Product Sales	$	8,753,156	$	52,750	$	8,805,906	$	10,152,511	$	152,200	$	10,304,711