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BUSINESS SEGMENT
 6 Months Ended
Jun. 30, 2018
BUSINESS SEGMENT  
BUSINESS SEGMENT

 

7.      BUSINESS SEGMENT

 

The Company does not operate in separate reportable segments.  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.

 

Revenues by geography are as follows:

 

 

 

Three Months
Ended
June 30, 2018

 

Three Months
Ended
June 30, 2017

 

Six Months
Ended
June 30, 2018

 

Six Months
Ended
June 30, 2017

 

U.S. sales

 

$
6,320,363

 

$
6,055,144

 

$
12,917,343

 

$
12,003,000

 

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

 

 
770,526

 

 
1,331,029

 

 
1,801,937

 

 
1,827,560

 

Other international sales

 

 
384,104

 

 
259,944

 

 
428,514

 

 
739,237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total sales, net

 

$
7,474,993

 

$
7,646,117

 

$
15,147,794

 

$
14,569,797

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets by geography are as follows:

 

 

 

 

June 30, 2018

 

 

December 31, 2017

 

Long-lived assets

 

 

 

 

 

 

 

U.S.

 

$
10,920,209

 

$
11,215,583

 

International

 

 
125,557

 

 
137,619

 

 

 

 

 

 

 

 

 

Total

 

$
11,045,766

 

$
11,353,202