Quarterly report pursuant to Section 13 or 15(d)

Segment Disclosures

v3.3.0.814
Segment Disclosures
 9 Months Ended
Sep. 30, 2015
Segment Disclosures [Abstract]  
Segment Disclosures

14. Segment Disclosures

 

The Company has two reportable segments, Engineering Services and Medical Devices. 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 such as the National Science Foundation and the Defense Advanced Research Projects Agency. The Medical Devices 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  
Three months ended September 30, 2015                      
Revenue   $ 1,820     $ 1,095     $ 2,915  
Cost of revenue     1,352       1,095       2,447  
Gross profit   $ 468     $  0     $ 468  
             
Three months ended September 30, 2014            
Revenue    $ 799
$ 789 $ 1,588  
Cost of revenue      530 578 1,108  
Gross profit   $ 269
$ 211 $ 480  
             
Nine months ended September 30, 2015                    
Revenue $ 3,590     $ 3,128     $ 6,718  
Cost of revenue     2,482       2,863       5,345  
Gross profit   $ 1,108     $ 265     $ 1,373  
                         
Nine months ended September 30, 2014                        
Revenue   $ 1,841     $ 2,006     $ 3,847  
Cost of revenue     1,432       1,410       2,842  
Gross profit   $ 409     $ 596     $ 1,005  

 

Geographic information for revenue based on location of customer is as follows:

 

 

Three months ended

September 30,

  

Nine months ended

September 30,

  
  2015
     2014
   2015     2014  
                         
North America   $ 2,379     $ 1,271   $ 5,272     $ 3,102  
Europe, Middle East, Asia   536       317     1,446       745  
    $ 2,915    

$

 1,588     $ 6,718     $ 3,847