XML 36 R24.htm IDEA: XBRL DOCUMENT v3.23.1
BUSINESS SEGMENT
12 Months Ended
Dec. 31, 2022
BUSINESS SEGMENT  
BUSINESS SEGMENT

18.  BUSINESS SEGMENT

The following are summaries of the Company’s sales and long-lived assets by geography:

    

2022

    

2021

    

2020

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

$

36,492,275

$

53,888,136

$

42,169,463

Sales to U.S. government

15,731,136

113,662,440

31,634,343

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

 

29,126,820

 

14,561,236

 

6,893,150

Other international sales

 

13,468,707

 

6,270,642

 

1,165,497

Total sales

$

94,818,938

$

188,382,454

$

81,862,453

    

December 31, 2022

    

December 31, 2021

Long-lived assets

U.S.

$

95,587,561

$

83,695,991

International

4,565,207

4,229,660

Total

$

100,152,768

$

87,925,651

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.