Annual report pursuant to Section 13 and 15(d)

Segment Disclosures

v3.3.1.900
Segment Disclosures
 12 Months Ended
Dec. 31, 2015
Segment Reporting [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, 2015
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
4,409
 
$
4,252
 
$
8,661
 
Cost of revenue
 
 
3,556
 
 
3,926
 
 
7,482
 
Gross profit
 
$
853
 
$
326
 
$
1,179
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
2,403
 
 
2,924
 
 
5,327
 
Cost of revenue
 
 
1,720
 
 
2,048
 
 
3,768
 
Gross profit (loss)
 
$
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
 
 
Geographic information based on location of customer is as follows:
 
 
 
Years Ended December 31
 
 
 
2015
 
2014
 
2013
 
North America
 
$
6,687
 
$
4,214
 
$
2,847
 
Europe, Middle East, Asia
 
 
1,974
 
 
1,113
 
 
455
 
 
 
$
8,661
 
$
5,327
 
$
3,302