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GEOGRAPHIC INFORMATION AND ECONOMIC DEPENDENCY

3 Months Ended

Mar. 31, 2022

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 revenue by geographic area were as follows:

	For the three months ended March 31
	2022		2021
Africa	$	767,352	$	1,344,858
Asia		15,558		216,954
Europe & Middle East		717,908		1,493,734
Latin America		12,545,054		258,019
United States		4,481,584		711,097
	$	18,527,456	$	4,024,662

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

	March 31, 2022		December 31, 2021
Asia	$	85,351	$	86,041
Europe & Middle East		101,231		113,883
Latin America		58,685		36,224
United States		8,169,046		8,320,625
	$	8,414,313	$	8,556,773

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 31
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details