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BUSINESS SEGMENT
9 Months Ended
Sep. 30, 2022
BUSINESS SEGMENT  
BUSINESS SEGMENT

9.    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, 2022

    

September 30, 2021

    

September 30, 2022

    

September 30, 2021

U.S. sales (excluding U.S. government)

$

9,197,133

$

15,653,047

$

28,971,783

$

39,336,134

Sales to U.S. government

18,420,480

15,731,136

83,560,680

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

 

9,841,536

 

701,802

 

24,657,232

 

3,161,418

Other international sales

 

4,022,616

 

1,580,718

 

12,780,053

 

2,868,484

Total sales

$

23,061,285

$

36,356,047

$

82,140,204

$

128,926,716

Long-lived assets by geography are as follows:

    

September 30, 2022

    

December 31, 2021

Long-lived assets

U.S.

$

94,171,727

$

83,695,991

International

4,649,685

4,229,660

Total

$

98,821,412

$

87,925,651