Geographical, Customer Concentration and Products Data

12 Months Ended

Dec. 31, 2012

Geographical, Customer Concentration and Products Data [Abstract]

Geographical, Customer Concentration and Products Data

14. Geographical, Customer Concentration and Products Data

The Company is primarily engaged in one business, the sale and rental of lockers. This includes coin, key-only and electronically controlled checking lockers and related locks and sale of plastic centralized mail and parcel distribution lockers. Net sales by product group for the years ended December 31 are as follows:

	2012		2011		2010
Lockers	$	8,327,294	$	9,522,019	$	8,961,181
Mailboxes		2,350,717		2,284,582		2,374,682
Contract manufacturing		1,729,898		430,586		451,898
Concession revenues		1,268,277		1,149,149		311,251
	$	13,676,186	$	13,386,336	$	12,099,012

The Company sells to customers in the United States, Canada and other foreign locations. Sales are attributed based on the country they are shipped to. Net sales to external customers for the years ended December 31 are as follows:

	2012		2011		2010
United States customers	$	11,283,881	$	10,646,590	$	9,266,197
Canadian and other foreign customers		2,392,305		2,739,746		2,832,815
	$	13,676,186	$	13,386,336	$	12,099,012

The Company did not have any customers that accounted for more than 10% of consolidated sales in 2012, 2011, or 2010.

At December 31, 2012 and 2011, the Company had unsecured trade receivables from governmental agencies of approximately $8,000 and $26,000, respectively. At December 31, 2012 and 2011, the Company had trade receivables from customers considered to be distributors of approximately $583,000 and $334,000, respectively.

At December 31, 2012, the Company had six customers that accounted for 27.0% of accounts receivable. At December 31, 2011, the Company had four customers that accounted for 43.2% of accounts receivable. Other concentrations of credit risk with respect to trade accounts receivable are limited due to the large number of entities comprising the Company’s customer base and their dispersion across many industries.