| Schedule of Segment Reporting Information, by Segment [Table Text Block] |
The following is information about reported segment revenues, income (losses) and total assets for the six and three months ended June 30, 2016 and 2015:
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|
Training and
Simulation
Division
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|
Power Systems
Division
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|
Flow Battery Division
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|
|
Corporate
Expenses
|
|
|
Total
Company
|
|
|
Six months ended June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Revenues from outside customers
|
|
$
|
24,647,137
|
|
|
$
|
22,539,221
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
$
|
47,186,358
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(549,027
|
)
|
|
|
(1,775,382
|
)
|
|
|
–
|
|
|
|
(10,257
|
)
|
|
|
(2,334,666
|
)
|
|
Direct expenses(2)
|
|
|
(20,422,716
|
)
|
|
|
(20,765,715
|
)
|
|
|
(492,485
|
)
|
|
|
(3,490,364
|
)
|
|
|
(45,171,280
|
)
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Segment net income (loss)
|
|
$
|
3,675,394
|
|
|
$
|
(1,876
|
)
|
|
$
|
(492,485
|
)
|
|
$
|
(3,500,621
|
)
|
|
$
|
(319,588
|
)
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|
Financial income (expense)
|
|
|
(14,811
|
)
|
|
|
(35,027
|
)
|
|
|
–
|
|
|
|
(492,016
|
)
|
|
|
(541,854
|
)
|
|
Income tax expense
|
|
|
(93,630
|
)
|
|
|
(109,361
|
)
|
|
|
–
|
|
|
|
(379,289
|
)
|
|
|
(582,280
|
)
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|
Net income (loss)
|
|
$
|
3,566,953
|
|
|
$
|
(146,264
|
)
|
|
$
|
(492,485
|
)
|
|
$
|
(4,371,926
|
)
|
|
$
|
(1,443,722
|
)
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|
Segment assets(3)
|
|
$
|
43,752,823
|
|
|
$
|
59,158,134
|
|
|
$
|
–
|
|
|
$
|
8,450,523
|
|
|
$
|
111,361,480
|
|
|
Additions to long-lived assets
|
|
$
|
165,066
|
|
|
$
|
666,329
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
$
|
831,395
|
|
|
Six months ended June 30, 2015
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|
|
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|
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Revenues from outside customers
|
|
$
|
26,322,683
|
|
|
$
|
19,548,250
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
$
|
45,870,933
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(415,021
|
)
|
|
|
(2,055,058
|
)
|
|
|
–
|
|
|
|
(12,406
|
)
|
|
|
(2,482,485
|
)
|
|
Direct expenses(2)
|
|
|
(22,028,902
|
)
|
|
|
(20,418,131
|
)
|
|
|
(328,108
|
)
|
|
|
(2,158,225
|
)
|
|
|
(44,933,366
|
)
|
|
Segment net income (loss)
|
|
$
|
3,878,760
|
|
|
$
|
(2,924,939
|
)
|
|
$
|
(328,108
|
)
|
|
$
|
(2,170,631
|
)
|
|
$
|
(1,544,918
|
)
|
|
Financial income (expense)
|
|
|
(24,841
|
)
|
|
|
14,194
|
|
|
|
–
|
|
|
|
(560,358
|
)
|
|
|
(571,005
|
)
|
|
Income tax expense
|
|
|
(178,476
|
)
|
|
|
–
|
|
|
|
–
|
|
|
|
(431,248
|
)
|
|
|
(609,724
|
)
|
|
Net income (loss)
|
|
$
|
3,675,443
|
|
|
$
|
(2,910,745
|
)
|
|
$
|
(328,108
|
)
|
|
$
|
(3,162,237
|
)
|
|
$
|
(2,725,647
|
)
|
|
Segment assets(3)
|
|
$
|
58,443,856
|
|
|
$
|
60,477,131
|
|
|
$
|
–
|
|
|
$
|
518,594
|
|
|
$
|
119,439,581
|
|
|
Additions to long-lived assets
|
|
$
|
398,114
|
|
|
$
|
701,728
|
|
|
$
|
–
|
|
|
$
|
4,502
|
|
|
$
|
1,104,344
|
|
|
Three months ended June 30, 2016
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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Revenues from outside customers
|
|
$
|
11,346,295
|
|
|
$
|
10,433,582
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
$
|
21,779,877
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(276,367
|
)
|
|
|
(874,491
|
)
|
|
|
–
|
|
|
|
(8,770
|
)
|
|
|
(1,159,628
|
)
|
|
Direct expenses(2)
|
|
|
(9,494,982
|
)
|
|
|
(9,664,106
|
)
|
|
|
(230,839
|
)
|
|
|
(1,457,244
|
)
|
|
|
(20,847,171
|
)
|
|
Segment net income (loss)
|
|
$
|
1,574,946
|
|
|
$
|
(105,015
|
)
|
|
$
|
(230,839
|
)
|
|
$
|
(1,466,014
|
)
|
|
$
|
(226,922
|
)
|
|
Financial income (expense)
|
|
|
(3,750
|
)
|
|
|
(5,973
|
)
|
|
|
–
|
|
|
|
(194,473
|
)
|
|
|
(204,196
|
)
|
|
Income tax expense
|
|
|
(30,830
|
)
|
|
|
(109,361
|
)
|
|
|
–
|
|
|
|
(228,636
|
)
|
|
|
(368,827
|
)
|
|
Net income (loss)
|
|
$
|
1,540,366
|
|
|
$
|
(220,349
|
)
|
|
$
|
(230,839
|
)
|
|
$
|
(1,889,123
|
)
|
|
$
|
(799,945
|
)
|
|
Three months ended June 30, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from outside customers
|
|
$
|
12,884,561
|
|
|
$
|
8,759,664
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
$
|
21,644,225
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(207,845
|
)
|
|
|
(928,470
|
)
|
|
|
–
|
|
|
|
(5,937
|
)
|
|
|
(1,142,252
|
)
|
|
Direct expenses(2)
|
|
|
(10,297,257
|
)
|
|
|
(10,040,544
|
)
|
|
|
(147,081
|
)
|
|
|
(1,646,321
|
)
|
|
|
(22,131,203
|
)
|
|
Segment net income (loss)
|
|
$
|
2,379,459
|
|
|
$
|
(2,209,350
|
)
|
|
$
|
(147,081
|
)
|
|
$
|
(1,652,258
|
)
|
|
$
|
(1,629,230
|
)
|
|
Financial income (expense)
|
|
|
(13,226
|
)
|
|
|
38,824
|
|
|
|
–
|
|
|
|
(268,995
|
)
|
|
|
(243,397
|
)
|
|
Income tax expense
|
|
|
(151,219
|
)
|
|
|
–
|
|
|
|
–
|
|
|
|
(219,124
|
)
|
|
|
(370,343
|
)
|
|
Net income (loss)
|
|
$
|
2,215,014
|
|
|
$
|
(2,170,526
|
)
|
|
$
|
(147,081
|
)
|
|
$
|
(2,140,377
|
)
|
|
$
|
(2,242,970
|
)
|
|
(1)
|
Includes depreciation of property and equipment and amortization expenses of intangible assets.
|
|
|
(2)
|
Including, inter alia, sales and marketing, general and administrative.
|
|
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(3)
|
Out of those amounts, goodwill in the Company's Training and Simulation and Power Systems Divisions totaled $24,435,641 and $21,052,329, respectively, as of June 30, 2016 and $24,435,641 and $21,173,818, respectively, as of June 30, 2015. There was no goodwill as of either date in the Flow Battery Division.
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|