Note 7 - Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

We operate in

two

segments: North America and International. Our reportable operating segments have been determined as separately identifiable business units, and we measure segment earnings as operating earnings, defined as income before interest and income taxes.

	North America			International			Total
For the quarter ended March 31, 20 1 8
Net sales	$	19,317,260		$	971,658		$	20,288,918
Gross profit		12,226,002			616,960			12,842,962
Operating income (loss)		1,830,659			(61,698	)		1,768,961
Interest expense		64,642			-			64,642
Other (income) expense, net		(35,184	)		(3,688	)		(38,872	)
Income (loss) before income taxes		1,801,201			(58,010	)		1,743,191

Depreciation and amortization		441,552			23,970			465,522
Fixed asset additions		237,658			2,362			240,020
Total assets	$	70,292,225		$	4,755,762		$	75,047,987

For the quarter ended March 31, 20 1 7
Net sales	$	19,231,714		$	918,131		$	20,149,845
Gross profit		11,752,957			533,088			12,286,045
Operating income (loss)		1,811,563			(74,072	)		1,737,491
Interest expense		36,344			-			36,344
Other (income) expense, net		(17,654	)		15,003			(2,651	)
Income before income taxes		1,792,873			(89,075	)		1,703,798

Depreciation and amortization		436,281			21,837			458,118
Fixed asset additions		597,826			1,931			599,757
Total assets	$	67,016,728		$	4,252,046		$	71,268,774

Net sales for geographic areas were as follows for the

three

months ended

March 31:

	201 8		201 7
United States	$	17,348,173	$	17,282,664
Canada		1,743,174		1,773,510
All other countries		1,197,571		1,093,671
	$	20,288,918	$	20,149,845

Geographic sales information is based on the location of the customer.

single foreign country, except for Canada, accounted for any material amount of our consolidated net sales for the

three

-month periods ended

March 31, 2018

and

2017.

We do

not

have any significant long-lived assets outside of the United States.