Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Segment and Geographic Data

v3.19.2
Note 10 - Segment and Geographic Data
6 Months Ended
Jun. 30, 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 June 30
   
Six months ended June 30
 
Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales:
 
2019
   
2018
   
2019
   
2018
 
Dental
  $
2,242,751
    $
2,388,898
    $
4,158,259
    $
4,158,003
 
Medical
   
15,100
     
39,600
     
15,500
     
76,100
 
Total net sales
  $
2,257,851
    $
2,428,498
    $
4,173,759
    $
4,234,103
 
                                 
Operating Income (Loss):
 
2019
   
2018
   
2019
   
2018
 
Dental
  $
629,474
    $
723,084
    $
1,121,440
    $
1,080,249
 
Medical
   
(664,658
)    
(846,164
)    
(1,156,341
)    
(1,554,546
)
Corporate
   
(1,072,647
)    
(1,301,607
)    
(1,891,114
)    
(2,952,043
)
Total operating loss
  $
(1,107,831
)   $
(1,424,687
)   $
(1,926,015
)   $
(3,426,340
)
                                 
Depreciation and Amortization:
 
2019
   
2018
   
2019
   
2018
 
Dental
  $
3,950
    $
4,103
    $
7,886
    $
8,244
 
Medical
   
5,999
     
2,478
     
12,170
     
19,355
 
Corporate
   
15,507
     
238,546
     
31,445
     
482,519
 
Total depreciation and amortization
  $
25,456
    $
245,127
    $
51,501
    $
510,118
 
                                 
Income (loss) before taxes and equity in earnings of affiliates:
 
2019
   
2018
   
2019
   
2018
 
Dental
  $
627,051
    $
725,007
    $
1,120,035
    $
1,084,829
 
Medical
   
(664,007
)    
(846,737
)    
(1,156,393
)    
(1,555,691
)
Corporate
   
(1,060,788
)    
(1,302,787
)    
(1,840,553
)    
(2,954,345
)
Total loss before taxes and equity in earnings of affiliate
  $
(1,097,744
)   $
(1,424,517
)   $
(1,876,911
)   $
(3,425,207
)
 
Total Assets:
 
June 30, 2019
   
December 31, 2018
 
Dental
  $
5,409,961
    $
5,169,944
 
Medical
   
276,787
     
328,208
 
Corporate
   
1,101,541
     
902,816
 
Total assets
  $
6,788,289
    $
6,400,968
 
 
The following table presents information about our operations by geographic area for the
three
and
six
months
June 30, 2019
and
2018.
Net sales by geographic area are based on the respective locations of our subsidiaries:   
 
   
Three months ended June 30,
   
Six months ended June 30,
 
Domestic-US & Canada
 
2019
   
2018
   
2019
   
2018
 
Devices
  $
146,289
    $
11,505
    $
270,285
    $
132,553
 
Handpieces
   
1,030,391
     
1,158,975
     
1,819,544
     
1,927,506
 
Other
   
32,463
     
22,377
     
49,279
     
51,228
 
Total Domestic US & Canada
  $
1,209,143
    $
1,192,857
    $
2,139,108
    $
2,111,287
 
International ROW
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Devices
  $
339,570
    $
367,450
    $
624,915
    $
652,518
 
Handpieces
   
631,129
     
839,194
     
1,262,839
     
1,418,021
 
Other
   
28,009
     
28,997
     
46,897
     
52,277
 
Total International-ROW
  $
998,708
    $
1,235,641
    $
1,934,651
    $
2,122,816
 
International-China
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Devices
  $
-
    $
-
    $
-
    $
-
 
Handpieces
   
50,000
     
-
     
100,000
     
-
 
Other
   
-
     
-
     
-
     
-
 
Total International
  $
50,000
    $
-
    $
100,000
    $
-
 
Domestic. International Analysis
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Domestic-US & Canada
  $
1,209,143
    $
1,192,857
    $
2,139,108
    $
2,111,287
 
International -ROW
   
998,708
     
1,235,641
     
1,934,651
     
2,122,816
 
International -China
   
50,000
     
-
     
100,000
     
-
 
Total Product Sales
  $
2,257,851
    $
2,428,498
    $
4,173,759
    $
4,234,103