Quarterly report pursuant to Section 13 or 15(d)

Significant Customers & Geographical Information

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Significant Customers & Geographical Information
6 Months Ended
Jun. 30, 2015
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Significant Customers & Geographical Information

NOTE – 13 SIGNIFICANT CUSTOMERS & GEOGRAPHICAL INFORMATION

Milestone Scientific had two customers (distributors) for the three months ended June 30, 2015, that had approximately 43%, (24% and 19%), of its net product sales and two customers (distributors) that had approximately 47%, (21% and 26%), of its net product sales for three months ended June 30, 2014. Milestone Scientific had three customers (distributors) for the six months ended June 30, 2015 that had approximately 48% (26%, 11% and 11%) of the net product sales and two customers (distributors) that had approximately 46% (21% and 25%) of its net product sales for the six months ended June 30, 2014.

Milestone Scientific had gross accounts receivable for three major customers that amounted to $1,150,101, ($263,861, $346,839 and $539,400) representing 62%, (14%, 19% and 29%), as of June 30, 2015 and gross accounts receivable for one major customer that amounted to $1,099,804, or 71% as of December 31, 2014, respectively.

Milestone Scientific’s sales by product and by geographical region are as follows:

 

     Three Months Ended June 30,           Six Months Ended June 30,  
     2015      2014           2015      2014  

Instruments

   $ 289,755       $ 683,398       Instruments    $ 1,416,334       $ 1,524,379   

Handpieces

     1,430,141         1,784,982       Handpieces      3,076,655         3,518,197   

Other

     46,863         38,552       Other      43,974         85,190   
  

 

 

    

 

 

       

 

 

    

 

 

 
   $ 1,766,759       $ 2,506,932          $ 4,536,963       $ 5,127,766   
  

 

 

    

 

 

       

 

 

    

 

 

 

United States

   $ 841,614       $ 1,181,374       United States    $ 1,709,176       $ 2,395,018   

Canada

     27,379         47,138       Canada      43,356         71,873   

Other Foreign

     897,766         1,278,420       Other Foreign      2,784,431         2,660,875   
  

 

 

    

 

 

       

 

 

    

 

 

 
   $ 1,766,759       $ 2,506,932          $ 4,536,963       $ 5,127,766