Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Segment and Geographic Data

v3.10.0.1
Note 12 - Segment and Geographic Data
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Product Sales and Significant Customers and Vendors Disclosure [Text Block]
NOTE 
12
 — SEGMENT AND GEOGRAPHIC DATA
 
We conduct our business through
two
reportable segments dental and medical.  These segments offer different products to different customer base.
 
The following tables present information about our reportable and operating segments:
 
Sales
 
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
Net Sales:
 
2018
   
2017
   
2018
   
2017
 
Dental   $
1,622,246
    $
2,853,813
    $
5,780,251
    $
9,066,550
 
Medical    
-
     
-
     
76,100
     
-
 
Total net sales   $
1,622,246
    $
2,853,813
    $
5,856,351
    $
9,066,550
 
                                 
Operating Income (Loss):
 
2018
   
2017
   
2018
   
2017
 
Dental   $
(893,148
)   $
711,589
    $
119,613
    $
2,547,599
 
Medical    
(454,306
)    
(517,938
)    
(2,008,852
)    
(1,746,391
)
Corporate    
(3,200,126
)    
(1,607,258
)    
(6,084,685
)    
(4,293,125
)
Total operating Income (loss)   $
(4,547,580
)   $
(1,413,607
)   $
(7,973,924
)   $
(3,491,917
)
                                 
Depreciation and Amortization:
 
2018
   
2017
   
2018
   
2017
 
Dental   $
3,889
    $
4,261
    $
12,133
    $
13,187
 
Medical    
2,530
     
5,515
     
21,884
     
21,436
 
Corporate    
338,565
     
155,092
     
821,084
     
196,632
 
Total depreciation and amortization   $
344,984
    $
164,868
    $
855,101
    $
231,255
 
                                 
Income (loss) before taxes and equity in earnings of affiliates:
 
2018
   
2017
   
2018
   
2017
 
Dental   $
(959,095
)   $
714,840
    $
125,734
    $
2,553,437
 
Medical    
(454,906
)    
(518,398
)    
(2,010,595
)    
(1,747,791
)
Corporate    
(3,133,819
)    
(1,607,513
)    
(6,088,167
)    
(4,294,346
)
Total income (loss) before taxes and equity in earnings of affiliate   $
(4,547,820
)   $
(1,411,071
)   $
(7,973,028
)   $
(3,488,700
)
                                 
 
Total Assets:
 
 
September 30,
2018
   
December 31,
2017
 
Dental
  $
6,380,314
    $
10,255,144
 
Medical
   
384,849
     
655,513
 
Corporate
   
860,058
     
4,718,130
 
Total assets
  $
7,625,221
    $
15,628,787
 
 
The following table presents information about our operations by geographic area.  
  
   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
Domestic-US & Canada
 
2018
   
2017
   
2018
   
2017
 
Devices
  $
119,190
    $
452,232
    $
251,743
    $
857,525
 
Handpieces
   
369,027
     
893,496
     
2,296,533
     
3,230,567
 
Other
   
21,037
     
12,338
     
72,265
     
53,037
 
Total Domestic US & Canada
  $
509,254
    $
1,358,066
    $
2,620,541
    $
4,141,129
 
International ROW
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Devices
  $
299,872
    $
340,575
    $
952,390
    $
1,053,050
 
Handpieces
   
506,880
     
765,821
     
1,924,901
     
2,068,007
 
Other
   
6,240
     
32,951
     
58,519
     
89,764
 
Total International-ROW
  $
812,992
    $
1,139,347
    $
2,935,810
    $
3,210,821
 
International-China
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Devices
  $
-
    $
-
    $
-
    $
1,000,000
 
Handpieces
   
300,000
     
356,400
     
300,000
     
712,800
 
Other
   
-
     
-
     
-
     
1,800
 
Total International
  $
300,000
    $
356,400
    $
300,000
    $
1,714,600
 
Domestic. International Analysis
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Domestic-US & Canada
  $
509,254
    $
1,358,066
    $
2,620,541
    $
4,141,129
 
International -ROW
   
812,992
     
1,139,347
     
2,935,810
     
3,210,821
 
International -China
   
300,000
     
356,400
     
300,000
     
1,714,600
 
Total Product Sales
  $
1,622,246
    $
2,853,813
    $
5,856,351
    $
9,066,550