NOTE – 12 SIGNIFICANT CUSTOMERS & GEOGRAPHICAL INFORMATION

Milestone Scientific had two customers (distributors) for the three months ended September 30, 2015, that had approximately 33% (15% and 18 %), of its net product sales and two customers (distributors) that had approximately 47% (21% and 26 %), of its net product sales for three months ended September 30, 2014. Milestone Scientific had two customers (distributors) for the nine months ended September 30, 2015 that had approximately 40% (22%, and 18 %) of the net product sales and two customers (distributors) that had approximately 46% (21% and 25 %) of its net product sales for the nine months ended September 30, 2014.

Milestone Scientific had accounts receivable for three major customers that amounted to $1,571,782 ($1,088,904, $306,221 and $176,657) representing 69% (47%, 13% and 9%) of accounts receivable as of September 30, 2015, and accounts receivable for two major customers of $1,099,804, or 69% as of December 31, 2014, respectively.

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

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Instruments	$	901,213	$	413,914	Instruments	$	2,317,547	$	1,938,293
Handpieces		1,533,936		2,090,580	Handpieces		4,610,592		5,608,776
Other		24,809		30,604	Other		68,782		115,795
	$	2,459,958	$	2,535,098		$	6,996,921	$	7,662,864
United States	$	700,879	$	1,039,153	United States	$	2,410,054	$	3,434,171
Canada		145,808		30,548	Canada		189,164		100,321
Other Foreign		1,613,271		1,465,397	Other Foreign		4,397,703		4,128,372
	$	2,459,958	$	2,535,098		$	6,996,921	$	7,662,864