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Significant Customers
3 Months Ended
Mar. 31, 2014
Significant Customers

NOTE – 13 SIGNIFICANT CUSTOMERS

Milestone had three customers (distributors) for the three months ended March 31, 2014, that had approximately 57% of its net product sales and three customers (distributors) that had approximately 49% of its net product sales for three months ended March 31, 2013. Milestone had accounts receivable for one major customers that amounted to $621,062 representing 51% of gross accounts receivable as of March 31, 2014 and accounts receivable for one major customer that amounted to $732,762 representing 48% of gross accounts receivable as of December 31, 2013, respectively.

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

 

 

Three Months Ended March 31,

 

 

2014

 

 

2013

 

Instruments

$

840,981

 

 

$

517,450

 

Handpieces

 

1,733,217

 

 

 

1,925,663

 

Other

 

46,636

 

 

 

46,429

 

 

$

2,620,834

 

 

$

2,489,542

 

 

 

 

 

 

 

 

 

United States

$

1,213,643

 

 

$

1,300,500

 

Canada

 

24,736

 

 

 

55,602

 

Other Foreign

 

1,382,455

 

 

 

1,133,440

 

 

$

2,620,834

 

 

$

2,489,542