Business Segment Information

3 Months Ended

Mar. 31, 2017

Business Segment Information [Abstract]

Business Segment Information

Note 10. 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.

For financial reporting purposes, we report one operating segment as our Chief Operating Decision Maker utilizes financial statement information provided to him on a consolidated basis.

Information regarding geographic area net sales to customers for the three months ended March 31, 2017 and 2016, is approximately as follows:

	United States		All Other Foreign Countries (1)		Consolidated
Three months ended March 31, 2017	$	9,228,000	$	3,722,000	$	12,950,000
Three months ended March 31, 2016	$	8,643,000	$	3,564,000	$	12,207,000

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

Information regarding geographic area long-lived assets at March 31, 2017 and December 31, 2016 is approximately as follows:

	United States		United Kingdom/ The Netherlands		Consolidated
March 31, 2017	$	1,628,000	$	448,000	$	2,076,000
December 31, 2016	$	1,676,000	$	439,000	$	2,115,000

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.