GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY

6 Months Ended

Jun. 30, 2021

GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY [Abstract]

GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY

NOTE 9 — GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY:

The Company produces only one group of similar products, known collectively as “rapid medical tests”, and it operates in a single operating segment. Net product sales by geographic area were as follows:

	For the three months ended June 30,				For the six months ended June 30,
	2021		2020		2021		2020
Africa	$	1,466,356	$	552,570	$	2,811,215	$	1,436,085
Asia		53,593		119,319		270,547		482,607
Europe & Middle East		805,482		734,073		2,299,216		1,909,162
Latin America		487,517		780,567		745,536		2,896,963
United States		1,118,435		1,605,045		1,829,531		2,783,349
	$	3,931,383	$	3,791,574	$	7,956,045	$	9,508,166

Property, plant and equipment by geographic area were as follows:

	June 30, 2021		December 31, 2020
Asia	$	132,681	$	326,267
Europe & Middle East		130,185		147,692
Latin America		34,014		14,719
United States		8,852,580		8,199,725
	$	9,149,460	$	8,688,403

Effective June 2021, the Company permanently discontinued its operations in Malaysia. Impairment charges recorded for the Malaysian property, plant and equipment during the three months ended June 30, 2021 was $0.2 million.