Stereotaxis
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10-K
STEREOTAXIS, INC. filed this Form 10-K on 03/15/2019
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Accrued warranty, which is included in other accrued liabilities, consists of the following:

 

   December 31, 2018   December 31, 2017 
Warranty accrual, beginning of the fiscal period  $164,365   $222,845 
Accrual adjustment for product warranty
   34,253    32,679 
Payments made   (49,154)   (91,159)
Warranty accrual, end of the fiscal period  $149,464   $164,365 

 

16. Commitments and Contingencies

 

The Company at times becomes a party to claims in the ordinary course of business. Management believes that the ultimate resolution of pending or threatened proceedings will not have a material effect on the financial position, results of operations or liquidity of the Company.

 

17. Segment Information

 

The Company considers reporting segments in accordance with general accounting principles for disclosures about segments of an enterprise and related information. The Company’s system and disposable devices are developed and marketed to a broad base of hospitals in the United States and internationally. The Company considers all such sales to be part of a single operating segment. Geographic revenues for the years ended December 31, 2018 and 2017 were as follows:

 

   Year Ended December 31, 
   2018   2017 
United States  $18,611,676   $18,038,638 
International   10,734,941    13,105,462 
Total  $29,346,617   $31,144,100 

 

All of the Company’s long-lived assets are located in the United States. Revenues are attributed to countries based on the location of the customer.

 

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