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| <NonNumbericText> <div> <p style="margin:0pt; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">NOTE 11—CONCENTRATIONS </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:10pt">Revenue from laser systems, the Company’s core product, which includes the </font><font style="font-family:'Times New Roman'; font-size:10pt">iPlus</font><font style="font-family:'Times New Roman'; font-size:10pt">, MD Turbo, and Epic, comprised </font><font style="font-family:'Times New Roman'; font-size:10pt; ">68</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">69</font><font style="font-family:'Times New Roman'; font-size:10pt">% of total net revenues for the three and six months ended June</font><font style="font-family:'Times New Roman'; font-size:10pt"> </font><font style="font-family:'Times New Roman'; font-size:10pt">30, 2013, respectively, and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">69</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">72</font><font style="font-family:'Times New Roman'; font-size:10pt">% of total net revenue, respectively, for the same periods in 2012. Revenue from consumables and other comprised </font><font style="font-family:'Times New Roman'; font-size:10pt; ">11</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">11</font><font style="font-family:'Times New Roman'; font-size:10pt">% of total revenue for the same periods in 2013, and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">12</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">12</font><font style="font-family:'Times New Roman'; font-size:10pt; ">%</font><font style="font-family:'Times New Roman'; font-size:10pt"> for the same periods in 2012, respectively. Revenue from imaging systems comprised </font><font style="font-family:'Times New Roman'; font-size:10pt; ">10</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">8</font><font style="font-family:'Times New Roman'; font-size:10pt">% of total net revenue for the same periods in 2013, and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">8</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">5</font><font style="font-family:'Times New Roman'; font-size:10pt">% for the same periods in 2012, respectively. Revenue from services comprised </font><font style="font-family:'Times New Roman'; font-size:10pt; ">11</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">11</font><font style="font-family:'Times New Roman'; font-size:10pt">% of total net revenue for the same periods in 2013, and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">1</font><font style="font-family:'Times New Roman'; font-size:10pt; ">1</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">1</font><font style="font-family:'Times New Roman'; font-size:10pt; ">1</font><font style="font-family:'Times New Roman'; font-size:10pt">% for the same periods in 2012, respectively. Revenue from license fees and royalties comprised </font><font style="font-family:'Times New Roman'; font-size:10pt; ">0</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">1</font><font style="font-family:'Times New Roman'; font-size:10pt">% of total net revenue for the same periods in 2013, and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">0</font><font style="font-family:'Times New Roman'; font-size:10pt">% and </font><font style="font-family:'Times New Roman'; font-size:10pt; ">0</font><font style="font-family:'Times New Roman'; font-size:10pt">% for the same periods in 2012, respectively</font><font style="font-family:'Times New Roman'; font-size:10pt">. </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt"><font style="font-family:'Times New Roman'; font-size:10pt; ">No</font><font style="font-family:'Times New Roman'; font-size:10pt"> individual customer represented more than </font><font style="font-family:'Times New Roman'; font-size:10pt">1</font><font style="font-family:'Times New Roman'; font-size:10pt">0% of the Company’s revenue in the three and six months ended June</font><font style="font-family:'Times New Roman'; font-size:10pt"> </font><font style="font-family:'Times New Roman'; font-size:10pt">30, 2013 and 2012. </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt"><font style="font-family:'Times New Roman'; font-size:10pt">The Company maintains its cash and cash equivalent accounts with established commercial banks. Such cash deposits periodically exceed the Federal Deposit Insurance Corporation insured limit. </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt"><font style="font-family:'Times New Roman'; font-size:10pt">Accounts receivable concentrations from </font><font style="font-family:'Times New Roman'; font-size:10pt; ">one</font><font style="font-family:'Times New Roman'; font-size:10pt"> international distributor totaled $</font><font style="font-family:'Times New Roman'; font-size:10pt; ">1.2</font><font style="font-family:'Times New Roman'; font-size:10pt"> million, or </font><font style="font-family:'Times New Roman'; font-size:10pt; ">11</font><font style="font-family:'Times New Roman'; font-size:10pt">%, at June 30, 2013 and $</font><font style="font-family:'Times New Roman'; font-size:10pt; ">607,000</font><font style="font-family:'Times New Roman'; font-size:10pt">, or </font><font style="font-family:'Times New Roman'; font-size:10pt; ">5</font><font style="font-family:'Times New Roman'; font-size:10pt">%, at December 31, 2012. </font><font style="font-family:'Times New Roman'; font-size:10pt">No</font><font style="font-family:'Times New Roman'; font-size:10pt"> individual customer represented more than </font><font style="font-family:'Times New Roman'; font-size:10pt">1</font><font style="font-family:'Times New Roman'; font-size:10pt">0% of the Company’s accounts receivable at December</font><font style="font-family:'Times New Roman'; font-size:10pt"> </font><font style="font-family:'Times New Roman'; font-size:10pt">31, 2012. </font></p> <p style="margin:6pt 0pt 0pt; text-indent:24.5pt"><font style="font-family:'Times New Roman'; font-size:10pt">The Company currently purchases certain key components of its products from single suppliers. Although there are a limited number of manufacturers of these key components, management believes that other suppliers could provide similar key components on comparable terms. A change in suppliers, however, could cause delays in manufacturing and a possible loss of sales, which could adversely affect the Company’s results of operations. </font></p> </div> </NonNumbericText> |
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