GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY

12 Months Ended

Dec. 31, 2016

GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY [Abstract]

GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY

NOTE 12 — GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY:

FASB Guidance establishes standards for the way that business enterprises report information about operating segments in financial statements and requires that those enterprises report selected information. It also establishes standards for related disclosures about product and services, geographic areas, and major customers.

The Company produces only one group of similar products known collectively as "rapid medical tests". Management believes that it operates in a single business segment. Net sales by geographic area are as follows:

	For the years ended
	December 31, 2016		December 31, 2015		December 31, 2014
Africa	$	2,363,944	$	3,673,199	$	2,097,353
Asia		227,564		172,250		96,061
Europe		1,131,193		1,164,476		191,947
North America		5,082,319		6,525,951		11,134,691
South America		4,875,087		10,350,812		12,429,717
	$	13,680,107	$	21,886,688	$	25,949,769

Sales to Africa decreased in 2016 primarily due to decreased sales in Uganda by approximately $1,122,400, and Nigeria by approximately $220,900.  Sales in Asia increased slightly by $55,300.  European sales decreased by $68,600.  Sales decreased in 2016 to North America from decreased sales in the U.S by approximately $1,579,800 and partially offset by increased sales to Mexico of $123,200.  Sales decreased in 2016 to South America were primarily from decreased sales in Brazil of approximately $5,340,250.

Sales to Africa increased in 2015 primarily due to increased sales in Uganda by approximately $1,344,500, and Nigeria by approximately $287,500.  Sales in Asia increased slightly by $76,200.  European sales increased by $972,500.  Sales decreased in 2015 to North America from decreased sales to Mexico of $3,913,400 and by decreased sales in the U.S by approximately $1,545,000.  Sales decreased in 2015 to South America were primarily from decreased sales in Brazil of approximately $2,111,700.