Business Segment Information

6 Months Ended

Jun. 30, 2016

Business Segment Information [Abstract]

Business Segment Information

Note 12. 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.

We operate in two markets, the medical market and the industrial market.  Within the medical market, we have a number of product lines, endoscopy-based products, including our PrimeSight flexible fiber and video endoscopes used in the practices of urology, pulmonology, trans-nasal esophagoscopy and ENT (ear, nose and throat) and a proprietary sterile disposable microbial barrier, known as EndoSheath Protective Barrier, the Urgent^® PC Neuromodulation System (“Urgent PC System”) a minimally-invasive, neuromodulation system that delivers percutaneous tibial nerve stimulation for office-based treatment of overactive bladder and associated symptoms; and Macroplastique® Implants (“Macroplastique”), an injectable, urethral bulking agent for the treatment of adult female stress urinary incontinence.

None of the industrial market sales, net losses or assets are more than 10% of our total sales, losses or assets.  Therefore, we aggregate our operating segments into one reportable segment in accordance with the objectives and principles of the applicable guidance.

For the three and six months ended June 30, 2016, no country other than the United States represented more than 10% of our consolidated revenue.  Information regarding net sales to customers by geographic area for the three and six months ended June 30 is as follows:

	United States		United Kingdom		All Other Foreign Countries (1)		Consolidated
Three months ended June 30, 2016	$	9,533,000	$	1,196,000	$	2,276,000	$	13,005,000
Three months ended June 30, 2015	$	7,274,000	$	1,077,000	$	2,799,000	$	11,150,000
Six months ended June 30, 2016	$	18,176,000	$	2,184,000	$	4,851,000	$	25,211,000
Six months ended June 30, 2015	$	12,732,000	$	1,660,000	$	3,778,000	$	18,170,000

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

Information regarding geographic area in which we maintain long-lived assets is as follows:

	United States		United Kingdom		The Netherlands		Consolidated
June 30, 2016	$	1,841,000	$	2,000	$	462,000	$	2,305,000
December 31, 2015	$	2,089,000	$	3,000	$	463,000	$	2,555,000

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