Annual report pursuant to Section 13 and 15(d)

Note O - Segment and Geographic Data

v3.19.1
Note O - Segment and Geographic Data
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Product Sales and Significant Customers and Vendors Disclosure [Text Block]
NOTE O — SEGMENT AND GEOGRAPHIC DATA
        
We conduct our business through
two
reportable segments:  dental and medical. These segments offer different products and services to different customer base. The following tables present information about our reportable and operating segments:
                 
   
Years Ended December 31,
 
Sales
 
 
 
 
 
 
 
 
Net Sales:
 
2018
   
2017
 
Dental
  $
9,502,276
    $
11,279,886
 
Medical
   
119,800
     
2,000
 
Total net sales
  $
9,622,076
    $
11,281,886
 
                 
Operating Income (Loss):
 
2018
   
2017
 
Dental
  $
1,373,178
    $
3,127,570
 
Medical
   
(2,611,231
)    
(2,389,145
)
Corporate
   
(6,761,282
)    
(5,972,743
)
Total operating loss
  $
(7,999,335
)   $
(5,234,318
)
                 
Depreciation and Amortization:
 
2018
   
2017
 
Dental
  $
16,474
    $
17,305
 
Medical
   
24,492
     
26,950
 
Corporate
   
840,319
     
528,895
 
Total depreciation and amortization
  $
881,285
    $
573,150
 
                 
Income (loss) before taxes and equity in earnings of affiliates:
 
2018
   
2017
 
Dental
  $
1,363,662
    $
3,136,167
 
Medical
   
(2,704,630
)    
(2,391,082
)
Corporate
   
(6,658,152
)    
(5,975,035
)
Total loss before taxes and equity in earnings of affiliate
  $
(7,999,120
)   $
(5,229,950
)
 
The following table presents information about our operations by geographic area as
December 31, 2018 
and
2017.
  Net sales by geographic area are based on the respective locations of our subsidiaries
 
   
2018
 
   
Dental
   
Medical
   
Total
 
Domestic US / Canada:
                       
Device
  $
491,375
    $
32,500
    $
523,875
 
Handpieces
   
4,211,243
     
-
     
4,211,243
 
Other
   
96,088
     
-
     
96,088
 
Total Domestic US / Canada
  $
4,798,706
    $
32,500
    $
4,831,206
 
                         
International Rest of the World:
                       
Device
  $
1,292,844
    $
81,000
    $
1,373,844
 
Handpieces
   
2,444,639
     
6,100
     
2,450,739
 
Other
   
66,087
     
200
     
66,287
 
Total International Rest of the World
  $
3,803,570
    $
87,300
    $
3,890,870
 
                         
International China:
                       
Device
  $
109,374
    $
-
    $
109,374
 
Handpieces
   
790,626
     
-
     
790,626
 
Other
   
-
     
-
     
-
 
Total International China
  $
900,000
    $
-
    $
900,000
 
                         
Total Product Sales
  $
9,502,276
    $
119,800
    $
9,622,076
 
 
The following table presents information about our operations by geographic area as
December 31, 2018 
and
2017.
  Net sales by geographic area are based on the respective locations of our subsidiaries
 
   
2017
 
   
Dental
   
Medical
   
Total
 
Domestic US / Canada:
                       
Device
  $
914,495
    $
-
    $
914,495
 
Handpieces
   
4,346,664
     
-
     
4,346,664
 
Other
   
78,550
     
-
     
78,550
 
Total Domestic US / Canada
  $
5,339,709
    $
-
    $
5,339,709
 
                         
International Rest of the World:
                       
Device
  $
1,427,016
    $
-
    $
1,427,016
 
Handpieces
   
2,325,622
     
2,000
     
2,327,622
 
Other
   
116,539
     
-
     
116,539
 
Total International Rest of the World
  $
3,869,177
    $
2,000
    $
3,871,177
 
                         
International China:
                       
Device
  $
643,600
    $
-
    $
643,600
 
Handpieces
   
1,425,600
     
-
     
1,425,600
 
Other
   
1,800
     
-
     
1,800
 
Total International China
  $
2,071,000
    $
-
    $
2,071,000
 
                         
Total Product Sales
  $
11,279,886
    $
2,000
    $
11,281,886
 
 
Total Assets:
 
 
December 31, 2018
   
 
December 31, 2017
 
Dental
  $
5,169,944
    $
10,255,144
 
Medical
   
328,208
     
655,513
 
Corporate
   
902,816
     
4,718,130
 
Total assets
  $
6,400,968
    $
15,628,787