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Significant Customers & Geographical Information
6 Months Ended
Jun. 30, 2013
Significant Customers & Geographical Information

NOTE – 11 SIGNIFICANT CUSTOMERS & GEOGRAPHICAL INFORMATION

For the three months ended June 30, 2013, Milestone had three customers (distributors) that had approximately 47% of its net product sales and two customers (distributors) that had approximately 33% of its net product sales for the three months ended June 30, 2012. Milestone had three customers (distributors) for the six months ended June 30, 2013, that had approximately 34% of its net product sales and two customers (distributors) that had approximately 34% of its net product sales for six months ended June 30, 2012. Milestone had accounts receivable for three customers that amounted to $364,666 representing 35% of gross accounts receivable as of June 30, 2013 and accounts receivable for three customers that amounted to $421,890 representing 38% of gross accounts receivable as of December 31, 2012, respectively.

Milestone’s sales by product and by geographical region are as follows:

 

 

Three Months Ended June 30,

 

    

Six Months Ended June 30,

 

 

2013

 

    

2012

 

    

2013

 

    

2012

 

Instruments             

$

  751,451

  

    

$

  559,167

  

    

$

  1,268,901

  

    

$

  1,127,737

  

Handpieces             

 

  1,475,696

  

    

 

  1,729,302

  

    

 

  3,401,359

  

    

 

  3,039,282

  

Other             

 

  51,088

  

    

 

  38,507

  

    

 

  97,518

  

    

 

  81,315

  

 

$

  2,278,235

  

    

$

  2,326,976

  

    

$

  4,767,778

  

    

$

  4,248,334

  

United States             

$

  1,080,451

  

    

$

  1,043,646

  

    

$

  2,380,952

  

    

$

  1,914,136

  

Canada             

 

  66,741

  

    

 

  193,336

  

    

 

  122,343

  

    

 

  336,846

  

Other Foreign             

 

  1,131,043

  

    

 

  1,089,994

  

    

 

  2,264,483

  

    

 

  1,997,352

  

 

$

  2,278,235

  

    

$

  2,326,976

  

    

$

  4,767,778

  

    

$

  4,248,334