Quarterly report pursuant to Section 13 or 15(d)

Segment Disclosures

v3.5.0.2
Segment Disclosures
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Disclosures
15. Segment Disclosures
 
The Company has two reportable segments, Medical Devices and Engineering Services. The Medical Devices segment designs, engineers, and manufactures exoskeletons for applications in the medical and military markets. 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 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:
 
 
 
Medical
 
Engineering
 
 
 
 
 
Devices
 
Services
 
Total
 
Three months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
1,451
 
$
101
 
$
1,552
 
Cost of revenue
 
 
1,286
 
 
63
 
 
1,349
 
Gross profit
 
$
165
 
$
38
 
$
203
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
1,048
 
$
1,066
 
$
2,114
 
Cost of revenue
 
 
970
 
 
642
 
 
1,612
 
Gross profit
 
$
78
 
$
424
 
$
502
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
9,508
 
$
530
 
$
10,038
 
Cost of revenue
 
 
7,955
 
 
382
 
 
8,337
 
Gross profit
 
$
1,553
 
$
148
 
$
1,701
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
2,033
 
$
1,770
 
$
3,803
 
Cost of revenue
 
 
1,768
 
 
1,130
 
 
2,898
 
Gross profit
 
$
265
 
$
640
 
$
905
 
 
Geographic information for revenue based on location of customer is as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
North America
 
$
1,176
 
$
1,622
 
$
5,697
 
$
2,894
 
All Other
 
 
376
 
 
492
 
 
4,341
 
 
909
 
 
 
$
1,552
 
$
2,114
 
$
10,038
 
$
3,803