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Geographic Information
6 Months Ended
Jun. 30, 2014
Geographic Information [Abstract]  
Geographic Information

6.    Geographic Information

 

The geographical distribution of long-lived assets to geographical areas consisted of the following at:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

December 31,

 

 

2014

 

 

2013

United States

$

3,246 

 

$

3,402 

Other – primarily Asia

 

1,128 

 

 

1,337 

Consolidated

$

4,374 

 

$

4,739 

 

 

 

Long-lived assets consist of property and equipment that are difficult to move and relatively illiquid. Excluded from long-lived assets are investments in partnerships, patents, license agreements and goodwill. The Company capitalizes long-lived assets pertaining to the production of specialized parts. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted cash flows exceeds the carrying value of the assets.

 

 

The geographical distribution of net sales to geographical areas for the three and six months ended June 30, 2014 and 2013 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2014

 

 

June 30, 2013

 

 

June 30, 2014

 

 

June 30, 2013

United States

$

13,018 

 

$

7,949 

 

$

25,840 

 

$

16,930 

Germany

 

472 

 

 

233 

 

 

1,063 

 

 

528 

Japan

 

284 

 

 

399 

 

 

606 

 

 

781 

China

 

647 

 

 

869 

 

 

1,346 

 

 

2,197 

Singapore

 

831 

 

 

 

 

942 

 

 

124 

Switzerland

 

275 

 

 

355 

 

 

607 

 

 

788 

Vietnam

 

437 

 

 

240 

 

 

801 

 

 

634 

UK

 

240 

 

 

142 

 

 

763 

 

 

750 

Hong Kong

 

346 

 

 

83 

 

 

524 

 

 

286 

Turkey

 

130 

 

 

66 

 

 

323 

 

 

177 

France

 

391 

 

 

389 

 

 

925 

 

 

801 

All other countries

 

436 

 

 

749 

 

 

1,077 

 

 

1,609 

Consolidated  

$

17,507 

 

$

11,479 

 

$

34,817 

 

$

25,605 

 

Geographic net sales are allocated based on the location of the customer. All other countries include net sales primarily to various countries in Europe and in the Asian Pacific. For the three and six months ended June 30, 2014,  one customer accounted for 39% and 40% of the Company’s consolidated net sales.  For the three and six months ended June 30, 2013, two customers accounted for 34% and 37% of the Company’s consolidated net sales

At June 30,  2014, two customers combined accounted for 27% of the Company’s consolidated accounts receivable. At December 31, 2013, two customers accounted for 34% of the Company’s consolidated accounts receivable.