Quarterly report pursuant to Section 13 or 15(d)

Segment Disclosures

v3.7.0.1
Segment Disclosures
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Disclosures
16. Segment Disclosures
 
The Company has three reportable segments: Medical Devices, Industrial Sales, and Engineering Services. The Medical Devices segment designs and engineers technology for, and commercializes, manufactures, and sells exoskeletons for applications in the medical markets. The Industrial Sales segment designs, engineers, commercializes, and sells exoskeleton devices to allow able-bodied users to perform heavy duty work for extended periods. Engineering Services generates revenue principally from collaborative research and development service arrangements, technology license agreements, and government grants where the Company uses its robotics domain knowledge in bionic exoskeletons to bid on and procure contracts and grants from entities such as the National Science Foundation and the Defense Advanced Research Projects Agency.
 
The Company evaluates performance and allocates resources based on segment gross profit margin. The reportable segments are each managed separately because they serve distinct markets, and one segment provides a service and the others manufacture and distribute unique products. The Company does not consider net assets as a segment measure and, accordingly, assets are not allocated.
 
Segment reporting information is as follows:
 
 
 
Device and related
 
 
 
Total
 
 
 
Medical
 
Industrial
 
Total
 
Engineering
 
All
 
Three months ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
870
 
$
538
 
$
1,408
 
$
28
 
$
1,436
 
Cost of revenue
 
 
721
 
 
356
 
 
1,077
 
 
7
 
 
1,084
 
Gross profit
 
$
149
 
$
182
 
$
331
 
$
21
 
$
352
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
7,922
 
$
135
 
$
8,057
 
$
429
 
$
8,486
 
Cost of revenue
 
 
6,524
 
 
145
 
 
6,669
 
 
319
 
 
6,988
 
Gross profit
 
$
1,398
 
$
(10)
 
$
1,388
 
$
110
 
$
1,498
 
 
Geographic information for revenue based on location of customer is as follows:
 
 
 
Three months ended March 31,
 
 
 
2017
 
2016
 
United States
 
$
931
 
$
4,521
 
All Other
 
 
505
 
 
3,965
 
 
 
$
1,436
 
$
8,486