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BUSINESS SEGMENTS
9 Months Ended
Sep. 30, 2016
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

 

7.      BUSINESS SEGMENTS

 

 

 

Three Months Ended
September 30, 2016

 

Three Months Ended
September 30, 2015

 

Nine Months Ended
September 30, 2016

 

Nine Months Ended
September 30, 2015

 

U.S. sales

$

7,303,015 

$

6,152,873 

$

19,750,504 

$

17,423,389 

 

North and South America sales (excluding U.S.)

 

1,406,720 

 

3,065,507 

 

2,058,594 

 

4,345,044 

 

Other international sales

 

130,399 

 

264,486 

 

528,071 

 

608,479 

 

 

 

 

 

 

 

 

 

 

 

Total sales

$

8,840,134 

$

9,482,866 

$

22,337,169 

$

22,376,912 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

December 31, 2015

 

 

 

 

 

 

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

12,304,416 

 

$

11,282,192 

 

International

 

$

167,776 

 

$

185,869 

 

 

The Company does not operate in separate reportable segments.  The Company has minimal long-lived assets in foreign countries.  Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit.  The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order.  All transactions are in U.S. currency.