Note L - Segment and Geographic Data

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE L — 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:	2023			2022
Dental	$	9,761,444		$	8,753,156
Medical		66,000			52,750
Total net sales	$	9,827,444		$	8,805,906
Operating Income (Loss):	2023			2022
Dental	$	2,128,199		$	1,121,815
Medical		(3,708,170	)		(4,788,105	)
Corporate		(5,526,503	)		(5,161,183	)
Total operating loss	$	(7,106,474	)	$	(8,827,473	)
Depreciation and Amortization:	2023			2022
Dental	$	4,243		$	3,805
Medical		2,787			4,075
Corporate		54,882			55,875
Total depreciation and amortization	$	61,912		$	63,755
Income (loss) before taxes and equity in earnings of affiliates:	2023			2022
Dental	$	2,127,659		$	1,116,598
Medical		(3,708,170	)		(4,794,089	)
Corporate		(5,400,436	)		(5,095,375	)
Total loss before taxes and equity in earnings of affiliate	$	(6,980,947	)	$	(8,772,866	)
Total Assets	December 31, 2023			December 31, 2022
Dental	$	4,866,786		$	3,875,978
Medical		345,194			620,373
Corporate		6,159,532			9,205,735
Total assets	$	11,371,512		$	13,702,086

The following table presents information about our operations by geographic area as of December 31, 2023 and 2022. Net sales by geographic area are based on the respective locations of our subsidiaries.

	2023
Domestic: US	Dental		Medical		Grand Total
Instruments	$	1,002,697	$	1,000	$	1,003,697
Handpieces		4,270,898		12,000		4,282,898
Accessories		75,285		-		75,285
Grand Total	$	5,348,880	$	13,000	$	5,361,880
International: Rest of World
Instruments	$	1,251,354	$	25,000	$	1,276,354
Handpieces		2,845,734		28,000		2,873,734
Accessories		45,476		-		45,476
Grand Total	$	4,142,564	$	53,000	$	4,195,564
International: China
Instruments	$	270,000	$	-	$	270,000
Handpieces		-		-		-
Accessories		-		-		-
Grand Total	$	270,000	$	-	$	270,000
Total Product Sales	$	9,761,444	$	66,000	$	9,827,444

	2022
Domestic: US	Dental		Medical		Grand Total
Instruments	$	524,715	$	7,500	$	532,215
Handpieces		2,653,914		25,250		2,679,164
Accessories		78,493				78,493
Grand Total	$	3,257,122	$	32,750	$	3,289,872
International: Rest of World
Instruments	$	1,413,525	$	-	$	1,413,525
Handpieces		3,391,748		20,000		3,411,748
Accessories		60,797		-		60,797
Grand Total	$	4,866,070	$	20,000	$	4,886,070
International: China
Instruments	$	270,000	$	-	$	270,000
Handpieces		359,964		-		359,964
Accessories		-		-		-
Grand Total	$	629,964	$	-	$	629,964
Total Product Sales	$	8,753,156	$	52,750	$	8,805,906