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Significant Customers & Geographical Information
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Significant Customers & Geographical Information

NOTE – 15 SIGNIFICANT CUSTOMERS & GEOGRAPHICAL INFORMATION

For the three months ended September 30, 2014, Milestone had two customers (distributors) that had approximately 45% of its net product sales and three customers (distributors) that had approximately 57% of its net product sales for three months ended September 30, 2013. Milestone had two customers (distributors) for the nine months ended September 30, 2014 that had approximately 44% of its net product sales and four customers (distributors) that had approximately 52% of its net product sales for nine months ended September 30, 2013, respectively. Milestone had accounts receivable for two customers that amounted to $996,476 representing 61% of gross accounts receivable as of September 30, 2014 and accounts receivable for three customers that amounted to $732,762 representing 48% of gross accounts receivable as of December 31, 2013, respectively.

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

 

 

Three Months Ended September 30,

 

 

 

Nine  Months Ended September 30,

 

 

2014

 

 

2013

 

 

 

2014

 

 

2013

 

Instruments

$

413,914

 

 

$

491,179

 

 

Instruments

$

1,938,293

 

 

$

1,760,079

 

Handpieces

 

2,090,580

 

 

 

1,927,391

 

 

Handpieces

 

5,608,776

 

 

 

5,328,751

 

Other

 

30,604

 

 

 

25,625

 

 

Other

 

115,795

 

 

 

123,143

 

 

$

2,535,098

 

 

$

2,444,195

 

 

 

$

7,662,864

 

 

$

7,211,973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

1,039,153

 

 

$

1,526,608

 

 

United States

$

3,434,171

 

 

$

3,907,560

 

Canada

 

30,548

 

 

 

119,594

 

 

Canada

 

100,321

 

 

 

241,937

 

Other Foreign

 

1,465,397

 

 

 

797,993

 

 

Other Foreign

 

4,128,372

 

 

 

3,062,476

 

 

$

2,535,098

 

 

$

2,444,195

 

 

 

$

7,662,864

 

 

$

7,211,973