Note 8 - Segment and Geographic Data

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 8 — 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:

	For the three months ended March 31,
Sales
Net Sales:	2024			2023
Dental	$	2,241,425		$	2,591,398
Medical		7,420			6,200
Total net sales	$	2,248,845		$	2,597,598
Operating Income (Loss):	2024			2023
Dental	$	625,510		$	641,940
Medical		(491,428	)		(821,933	)
Corporate		(1,599,150	)		(1,162,683	)
Total operating loss	$	(1,465,068	)	$	(1,342,676	)
Depreciation and Amortization:	2024			2023
Dental	$	-		$	1,168
Medical		-			968
Corporate		11,684			15,084
Total depreciation and amortization	$	11,684		$	17,220
Income (loss) before taxes and equity in earnings of affiliates:	2024			2023
Dental	$	624,512		$	641,169
Medical		(491,933	)		(823,768	)
Corporate		(1,573,108	)		(1,136,732	)
Total loss before taxes and equity in earnings of affiliate	$	(1,440,529	)	$	(1,319,331	)
Total Assets	March 31, 2024			December 31, 2023
Dental	$	5,180,123		$	4,866,786
Medical		514,443			345,194
Corporate		5,656,220			6,159,532
Total assets	$	11,350,786		$	11,371,512

	For the three months ended March 31, 2024						For the three months ended March 31, 2023
Domestic: US	Dental		Medical		Grand Total		Dental		Medical		Grand Total
Instruments	$	213,875	$	-	$	213,875	$	224,274	$	1,000	$	225,274
Handpieces		1,080,433		6,000		1,086,433		1,139,778		1,200		1,140,978
Accessories		16,690		-		16,690		23,071		-		23,071
Grand Total	$	1,310,998	$	6,000	$	1,316,998	$	1,387,123	$	2,200	$	1,389,323
International: Rest of World
Instruments	$	282,087	$	-	$	282,087	$	398,955	$	-	$	398,955
Handpieces		646,948		1,420		648,368		789,116		4,000		793,116
Accessories		1,392		-		1,392		16,204		-		16,204
Grand Total	$	930,427	$	1,420	$	931,847	$	1,204,275	$	4,000	$	1,208,275
Total Product Sales	$	2,241,425	$	7,420	$	2,248,845	$	2,591,398	$	6,200	$	2,597,598