Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Segment and Geographic Data (Tables)

v3.21.2
Note 11 - Segment and Geographic Data (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

Net Sales:

  Three months ended June 30, 2021     Three months ended June 30, 2020     Six months ended June 30, 2021     Six months ended June 30, 2020  
                                 

Dental

  $ 2,404,738     $ 165,674     $ 5,258,395     $ 1,969,260  

Medical

    21,000       2,000       92,050       9,800  

Total net sales

  $ 2,425,738     $ 167,674     $ 5,350,445     $ 1,979,060  

Operating Income (Loss):

  Three months ended June 30, 2021     Three months ended June 30, 2020     Six months ended June 30, 2021     Six months ended June 30, 2020  
                                 

Dental

  $ 524,798     $ (650,236 )   $ 1,650,831     $ (223,856 )

Medical

    (1,135,001 )     (814,429 )     (2,030,720 )     (1,484,241 )

Corporate

    (2,262,369 )     (1,708,225 )     (3,477,056 )     (3,073,399 )

Total operating loss

  $ (2,872,572 )   $ (3,172,890 )   $ (3,856,945 )   $ (4,781,496 )

Depreciation and Amortization

  Three months ended June 30, 2021     Three months ended June 30, 2020     Six months ended June 30, 2021     Six months ended June 30, 2020  
                                 

Dental

  $ 860     $ 3,101     $ 2,566     $ 8,800  

Medical

    1,165       621       5,016       4,333  

Corporate

    12,809       17,416       28,178       45,224  

Total depreciation and amortization

  $ 14,834     $ 21,138     $ 35,760     $ 54,457  

Income (loss) before taxes and equity in earnings of affiliates:

  Three months ended June 30, 2021     Three months ended June 30, 2020     Six months ended June 30, 2021     Six months ended June 30, 2020  
                                 

Dental

  $ 598,166     $ (651,384 )   $ 1,723,284     $ (225,845 )

Medical

    (1,136,271 )     (815,391 )     (2,033,260 )     (1,486,310 )

Corporate

    (2,062,748 )     (1,710,177 )     (3,277,785 )     (3,077,500 )

Total loss before taxes and equity in earnings of affiliate

  $ (2,600,853 )   $ (3,176,952 )   $ (3,587,761 )   $ (4,789,655 )

Total Assets:

 

June 30, 2021

   

December 31, 2020

 
                 

Dental

  $ 6,639,102     $ 6,035,645  

Medical

    1,196,977       923,658  

Corporate

    13,223,587       12,612,147  

Total assets

  $ 21,059,666     $ 19,571,450  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
   

Three Months Ended June 30, 2021

   

Three Months Ended June 30, 2020

 
   

Dental

   

Medical

   

Grand Total

   

Dental

   

Medical

   

Grand Total

 

Domestic: US

                                               

Instruments

  $ 178,752     $ -     $ 178,752     $ -     $ -     $ -  

Handpieces

    802,916       -       802,916       36,812       2,000       38,812  

Accessories

    18,974             18,974       1,542             1,542  

Total Domestic US

  $ 1,000,642     $ -     $ 1,000,642     $ 38,354     $ 2,000     $ 40,354  
                                                 

International: Rest of World

    Dental       Medical       Grand Total       Dental       Medical       Grand Total  

Instruments

    156,588     $ 15,500     $ 172,088     $ 31,800     $ -     $ 31,800  

Handpieces

    709,624       5,500       715,124       87,632       -       87,632  

Accessories

    12,548       -       12,548       7,888       -       7,888  

Total International

  $ 878,761     $ 21,000     $ 899,761     $ 127,320     $ -     $ 127,320  
                                                 

International: China

    Dental       Medical       Grand Total       Dental       Medical       Grand Total  

Instruments

  $ 78,000     $ -     $ 78,000     $ -     $ -     $ -  

Handpieces

    447,336       -       447,336       -       -       -  

Other

          -       -             -       -  

Total International

    525,336       -       525,336       -       -       -  
                                                 

Total Product Sales

  $ 2,404,738     $ 21,000     $ 2,425,738     $ 165,674     $ 2,000     $ 167,674  
   

Six Months Ended June 30, 2021

   

Six Months Ended June 30, 2020

 
   

Dental

   

Medical

   

Total

   

Dental

   

Medical

   

Total

 

Domestic: US

                                               

Instruments

  $ 354,768     $ -     $ 354,768     $ 525     $ -     $ 525  

Handpieces

    1,597,900       8,150       1,606,050       633,490       2,000       635,490  

Accessories

    36,882             36,882       21,590             21,590  

Total Domestic US

  $ 1,989,550     $ 8,150     $ 1,997,700     $ 655,605     $ 2,000     $ 657,605  
                                                 

International: Rest of World

    Dental       Medical       Total       Dental       Medical       Total  

Instruments

  $ 539,841     $ 58,000     $ 597,841     $ 274,304     $ 7,600     $ 281,904  

Handpieces

    1,663,559       25,900       1,689,459       1,017,923       200       1,018,123  

Accessories

    33,109       -       33,109       21,428       -       21,428  

Total International

  $ 2,236,509     $ 83,900     $ 2,320,409     $ 1,313,655     $ 7,800     $ 1,321,455  
                                                 

International: China

    Dental       Medical       Total       Dental       Medical       Total  

Instruments

  $ 228,000     $ -     $ 228,000     $ -     $ -     $ -  

Handpieces

    804,336       -       804,336       -       -       -  

Other

          -       -       -             -  

Total International

    1,032,336       -     $ 1,032,336     $ -     $ -     $ -  
                                                 

Total Product Sales

  $ 5,258,395     $ 92,050     $ 5,350,445     $ 1,969,260     $ 9,800     $ 1,979,060