Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Segment and Geographic Data

v3.19.1
Note 10 - Segment and Geographic Data
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Product Sales and Significant Customers and Vendors Disclosure [Text Block]
NOTE 
10
 — 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:
 
   
Three months ended March 31
 
Sales
 
 
 
 
 
 
 
 
Net Sales:
 
2019
   
2018
 
Dental
  $
1,915,509
    $
1,769,105
 
Medical
   
400
     
36,500
 
Total net sales
  $
1,915,909
    $
1,805,605
 
 
Operating Income (Loss):
 
2019
   
2018
 
Dental
  $
491,966
    $
357,165
 
Medical
   
(491,683
)    
(708,382
)
Corporate
   
(818,464
)    
(1,650,451
)
Total operating loss
  $
(818,181
)   $
(2,001,668
)
Depreciation and Amortization:
 
2019
   
2018
 
Dental
  $
3,936
    $
4,141
 
Medical
   
2,597
     
16,877
 
Corporate
   
19,512
     
243,973
 
Total depreciation and amortization
  $
26,045
    $
264,991
 
 
Income (loss) before taxes and equity in earnings of affiliates:
 
2019
   
2018
 
Dental
  $
492,985
    $
359,822
 
Medical
   
(492,386
)    
(708,954
)
Corporate
   
(779,765
)    
(1,651,572
)
Total loss before taxes and equity in earnings of affiliate
  $
(779,166
)   $
(2,000,704
)
 
Total Assets:
 
March 31, 2019
   
December 31, 2018
 
Dental
  $
4,977,176
    $
5,169,944
 
Medical
   
365,593
     
328,208
 
Corporate
   
2,618,862
     
902,816
 
Total assets
  $
7,961,631
    $
6,400,968
 
 
 
The following table presents information about our operations by geographic area as
March
31,2019
.  Net sales by geographic area are based on the respective locations of our subsidiaries:   
   
2019
 
   
Dental
   
Medical
   
Total
 
Domestic US / Canada:
                       
Device
  $
123,994
    $
-
    $
123,994
 
Handpieces
   
789,153
     
400
     
789,553
 
Other
   
16,817
     
-
     
16,817
 
Total Domestic US / Canada
  $
929,964
    $
400
    $
930,764
 
                         
International Rest of the World:
                       
Device
  $
285,345
    $
-
    $
285,345
 
Handpieces
   
631,311
     
-
     
631,311
 
Other
   
18,889
     
-
     
18,889
 
Total International Rest of the World
  $
935,545
    $
-
    $
935,545
 
                         
International China:
                       
Device
  $
-
    $
-
    $
-
 
Handpieces
   
50,000
     
-
     
50,000
 
Other
   
-
     
-
     
-
 
Total International China   $
50,000
    $
-
    $
50,000
 
                         
Total Product Sales
  $
1,915,509
    $
400
    $
1,915,909
 
 
The following table presents information about our operations by geographic area as
March 31, 2018. 
Net sales by geographic area are based on the respective locations of our subsidiaries:
     
2018
 
   
Dental
   
Medical
   
Total
 
Domestic US / Canada:
                       
Device
  $
121,048
    $
-
    $
121,048
 
Handpieces
   
768,531
     
-
     
768,531
 
Other
   
28,851
     
-
     
28,851
 
Total Domestic US / Canada
  $
918,430
    $
-
    $
918,430
 
                         
International Rest of the World:
                       
Device
  $
246,968
    $
32,500
    $
279,468
 
Handpieces
   
578,827
     
4,000
     
582,827
 
Other
   
24,880
     
-
     
24,880
 
Total International Rest of the World
  $
850,675
    $
36,500
    $
887,175
 
                         
International China:
                       
Device
  $
-
    $
-
    $
-
 
Handpieces
   
-
     
-
     
-
 
Other
   
-
     
-
     
-
 
Total International China
  $
-
    $
-
    $
-
 
                         
Total Product Sales
  $
1,769,105
    $
36,500
    $
1,805,605