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BUSINESS SEGMENT
12 Months Ended
Dec. 31, 2023
BUSINESS SEGMENT  
BUSINESS SEGMENT

18.  BUSINESS SEGMENT

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

    

2023

    

2022

    

2021

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

$

34,599,754

$

36,492,275

$

53,888,136

Sales to U.S. government

15,731,136

113,662,440

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

 

6,085,166

 

29,126,820

 

14,561,236

Other international sales

 

2,912,006

 

13,468,707

 

6,270,642

Total sales

$

43,596,926

$

94,818,938

$

188,382,454

    

December 31, 2023

    

December 31, 2022

Long-lived assets

U.S.

$

89,237,030

$

95,587,561

International

4,241,491

4,565,207

Total

$

93,478,521

$

100,152,768

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.