Note 17 - Geographical Information

12 Months Ended

Dec. 31, 2018

Segment Reporting Disclosure [Text Block]

NOTE

17—GEOGRAPHICAL

INFORMATION

ASC

280

50,

“ Disclosure about Segments of an Enterprise and Related Information,” establishes standards for the manner in which companies report information about operating segments, products, geographic areas and major customers The method of determining what information to report is based on the way that management organizes the operating segment within the enterprise for making operating decisions and assessing financial performance. Since the Company has

one

product, sells to global customers in

one

industry, procures raw materials from similar vendors and expects similar long-term economic characteristics, the Company has

one

reporting segment and the information as to its operation is set forth below.

Operations by Geographic Area

	Year Ended December 31, 2018		Year Ended December 31, 2017
Net Sales
United States	$	2,288	$	143
Spain		5,685		9,278
India		2,876		100
China		30		4,019
Total Net Sales	$	10,879	$	13,540

Long-Lived Assets by Geographic Area

	December 31, 2018		December 31, 2017
Long-Lived Assets
United States	$	1,180	$	1,311
Spain		9,707		7,141
China		—		276
Hong Kong		—		—
Total Long-Lived Assets	$	10,887	$	8,728

Foreign sales are reported based on the country in which the net sales originated. Net sales to

one

of the Company’s major customers that exceeded

10%

of the Company’s net sales for the year ended

December

31,

2018

was

$2,876.

Net sales to

two

of the Company’s major customers for the year ended

December

31,

2017

was

$4,410.

Accounts receivable from

one

customer amounted to

$2,051

as of

December 31, 2018

and from

two

customers amounted to

$70

as of

December 31, 2017.

STR HOLDINGS, INC. 10-K