Geographic Information

12 Months Ended

Dec. 31, 2015

Geographic Information [Abstract]

Geographic Information

5.  GEOGRAPHIC INFORMATION

The geographical distribution of long-lived assets, consisting of property, plant and equipment and net sales to geographical areas as of and for the years ended December 31 is set forth below:

Long-lived Assets

		December 31,		December 31,
		2015		2014
United States	$	5,125	$	3,307
Other – primarily Singapore and Indonesia		1,617		938
Consolidated	$	6,742	$	4,245

Long-lived assets consist of property and equipment. 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.

Net Sales to Geographical Areas

		Year Ended December 31
Net Sales to Geographical Areas		2015		2014	2013
United States	$	50,899	$	49,978	$                36,902
Europe		6,634		6,834	5,714
Asia		10,901		9,641	7,123
All other countries		1,305		1,850	3,222
Consolidated	$	69,739	$	68,303	$                52,961

Geographic net sales are allocated based on the location of the customer.

One customer accounted for 42 percent, 37 percent and 30 percent of the Company’s consolidated net sales in 2015, 2014 and 2013, respectively. During 2015, 2014 and 2013, the top five customers accounted for approximately $42,000, $39,000 and $28,000 or 60 percent, 57 percent and 53 percent of the Company’s consolidated net sales, respectively.

At December 31, 2015, two customers accounted for a combined 27 percent of the Company’s consolidated accounts receivable. Two customers accounted for a combined 28 percent of the Company’s consolidated accounts receivable at December 31, 2014.