Business Segment Information

12 Months Ended

Mar. 31, 2015

Business Segment Information [Abstract]

Business Segment Information

Note 9: Business Segment Information

ASC 280, “Segment Reporting,” establishes disclosure standards for segments of a company based on management’s approach to defining operating segments.  Reportable segments are defined primarily by the nature of products and services, the nature of the production processes, and the type of customers for our products and services.

In accordance with the objective and basic principles of the standard the Company has aggregated it operating segments into one reportable segment: medical devices With the acquisition of VSCI on the last day of the fiscal year 2015, the Company will determine its reportable segment(s) during fiscal 2016 as it establishes its reporting structures and how the company's chief operating decision-maker will evaluate performance, make operating decisions and allocate resources for the combined entity.

 Information regarding geographic area net sales to customers for the years ended March 31 is as follows:

	United States		United Kingdom		All Other Foreign Countries (1)		Consolidated
2015	$	19,970,000	$	2,506,000	$	4,050,000	$	26,526,000
2014	$	18,042,000	$	2,485,000	$	4,050,000	$	24,577,000
2013	$	16,401,000	$	2,189,000	$	3,828,000	$	22,418,000

(1) No other foreign country accounts for 10% or more of the consolidated net sales

Information regarding geographic area long-lived assets at March 31 is as follows:

	United States		United Kingdom		The Netherlands		Consolidated
2015	$	1,397,000	$	3,000	$	472,000	$	1,872,000
2014		1,441,000		4,000		615,000		2,060,000

Accounting policies for the operations in the various geographic areas are the same as those described in Note 1.  Sales attributed to each geographic area are net of intercompany sales and are attributed to countries based on location of customers.   No single customer represents 10% or more of our consolidated net sales.  Long-lived assets consist of property, plant and equipment.