Annual report pursuant to Section 13 and 15(d)

Segment Disclosures

v2.4.1.9
Segment Disclosures
 12 Months Ended
Dec. 31, 2014
Segment Disclosures [Abstract]  
Segment Disclosures

17. Segment Disclosures

 

The Company has two reportable segments, Engineering Services and Medical. Engineering Services generates revenue principally from collaborative research and development service arrangements, technology license agreements, and government grants where it used its robotics domain knowledge in bionic exoskeletons to bid on and procure contracts and grants from entities such as such as the National Science Foundation and the Defense Advanced Research Projects Agency. The Medical segment designs, engineers, and manufactures exoskeletons for applications in the medical and military markets.

 

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 other manufactures and distributes a unique product. The Company does not consider net assets as a segment measure and, accordingly, assets are not allocated.

 

Segment reporting information is as follows:

 

Engineering   Medical        
Services   Devices     Total  
Year ended December 31, 2014                  
Revenue $ 2,403     $ 2,924     $ 5,327  
Cost of revenue     1,720       2,048       3,768  
Gross profit   $ 683     $ 876     $ 1,559  
                         
Year ended December 31, 2013                        
Revenue   $ 1,690       1,612     $ 3,302  
Cost of revenue     1,254       1,461       2,715  
Gross profit   $ 436     $ 151     $ 587  
                         
Year ended December 31, 2012                        
Revenue   $ 2,140     $ 566     $ 2,706  
Cost of revenue     1,783       553       2,336  
Gross profit   $ 357     $ 13     $ 370  


 


Geographic information based on location of customer is as follows:

 

Years Ended December 31,  
2014     2013     2012  
North America $ 4,214     $ 2,847     $ 2,706  
All Other   1,113       455       –  
    $ 5,327     $ 3,302     $ 2,706