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BUSINESS SEGMENT
9 Months Ended
Sep. 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

 

Three Months
Ended

 

Nine Months
Ended

 

Nine Months
Ended

 

 

    

September 30, 2018

    

September 30, 2017

    

September 30, 2018

    

September 30, 2017

 

U.S. sales

 

$

8,747,696

 

$

8,358,847

 

$

21,665,039

 

$

20,361,847

 

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

 

 

803,654

 

 

1,900,892

 

 

2,605,591

 

 

3,728,452

 

Other international sales

 

 

311,922

 

 

152,297

 

 

740,436

 

 

891,534

 

Total sales

 

$

9,863,272

 

$

10,412,036

 

$

25,011,066

 

$

24,981,833

 

 

Long-lived assets by geography are as follows:

 

 

 

 

 

 

 

 

 

    

September 30, 2018

    

December 31, 2017

Long-lived assets

 

 

 

 

 

 

U.S.

 

$

10,856,824

 

$

11,215,583

International

 

 

119,526

 

 

137,619

Total

 

$

10,976,350

 

$

11,353,202