| Schedule of Segment Reporting Information, by Segment [Table Text Block] |
The following is information about reported segment revenues, income (losses) from continuing operations and total assets for the nine and three months ended September 30, 2016 and 2015:
|
|
|
Training and
Simulation
Division
|
|
|
Power Systems
Division
|
|
|
Corporate
Expenses
|
|
|
Total
Company
|
|
|
Nine Months ended September 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from outside customers
|
|
$
|
36,519,124
|
|
|
$
|
34,967,354
|
|
|
$
|
–
|
|
|
$
|
71,486,478
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(825,178
|
)
|
|
|
(2,649,545
|
)
|
|
|
(12,809
|
)
|
|
|
(3,487,532
|
)
|
|
Direct expenses(2)
|
|
|
(29,218,054
|
)
|
|
|
(32,217,155
|
)
|
|
|
(4,556,134
|
)
|
|
|
(65,991,343
|
)
|
|
Segment operating income (loss)
|
|
$
|
6,475,892
|
|
|
$
|
100,654
|
|
|
$
|
(4,568,943
|
)
|
|
$
|
2,007,603
|
|
|
Financial expense
|
|
|
(29,593
|
)
|
|
|
(58,858
|
)
|
|
|
(680,877
|
)
|
|
|
(769,328
|
)
|
|
Income tax benefit (expense)
|
|
|
51,285
|
|
|
|
(127,632
|
)
|
|
|
(607,925
|
)
|
|
|
(684,272
|
)
|
|
Income (loss) from continuing operations
|
|
$
|
6,497,584
|
|
|
$
|
(85,836
|
)
|
|
$
|
(5,857,745
|
)
|
|
$
|
554,003
|
|
|
Segment assets(3)
|
|
$
|
46,650,797
|
|
|
$
|
61,131,101
|
|
|
$
|
8,681,031
|
|
|
$
|
116,462,929
|
|
|
Additions to long-lived assets
|
|
$
|
236,866
|
|
|
$
|
668,854
|
|
|
$
|
–
|
|
|
$
|
905,720
|
|
|
Nine Months ended September 30, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from outside customers
|
|
$
|
40,160,933
|
|
|
$
|
28,999,448
|
|
|
$
|
–
|
|
|
$
|
69,160,381
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(640,842
|
)
|
|
|
(3,002,255
|
)
|
|
|
(19,323
|
)
|
|
|
(3,662,420
|
)
|
|
Direct expenses(2)
|
|
|
(32,671,082
|
)
|
|
|
(30,334,284
|
)
|
|
|
(3,457,931
|
)
|
|
|
(66,463,297
|
)
|
|
Segment operating income (loss)
|
|
$
|
6,849,009
|
|
|
$
|
(4,337,091
|
)
|
|
$
|
(3,477,254
|
)
|
|
$
|
(965,336
|
)
|
|
Financial income (expense)
|
|
|
(42,851
|
)
|
|
|
33,955
|
|
|
|
(878,875
|
)
|
|
|
(887,771
|
)
|
|
Income tax expense
|
|
|
(200,425
|
)
|
|
|
–
|
|
|
|
(699,204
|
)
|
|
|
(899,629
|
)
|
|
Income (loss) from continuing operations
|
|
$
|
6,605,733
|
|
|
$
|
(4,303,136
|
)
|
|
$
|
(5,055,333
|
)
|
|
$
|
(2,752,736
|
)
|
|
Segment assets(3)(4)
|
|
$
|
58,050,229
|
|
|
$
|
57,992,723
|
|
|
$
|
386,112
|
|
|
$
|
116,429,064
|
|
|
Additions to long-lived assets
|
|
$
|
891,849
|
|
|
$
|
785,321
|
|
|
$
|
4,502
|
|
|
$
|
1,681,672
|
|
|
Three months ended September 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from outside customers
|
|
$
|
11,871,987
|
|
|
$
|
12,428,133
|
|
|
$
|
–
|
|
|
$
|
24,300,120
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(276,151
|
)
|
|
|
(874,163
|
)
|
|
|
(2,552
|
)
|
|
|
(1,152,866
|
)
|
|
Direct expenses(2)
|
|
|
(8,795,338
|
)
|
|
|
(11,451,439
|
)
|
|
|
(1,065,771
|
)
|
|
|
(21,312,548
|
)
|
|
Segment operating income (loss)
|
|
$
|
2,800,498
|
|
|
$
|
102,531
|
|
|
$
|
(1,068,323
|
)
|
|
$
|
1,834,706
|
|
|
Financial expense
|
|
|
(14,782
|
)
|
|
|
(23,830
|
)
|
|
|
(188,862
|
)
|
|
|
(227,474
|
)
|
|
Income tax benefit (expense)
|
|
|
144,915
|
|
|
|
(18,271
|
)
|
|
|
(228,636
|
)
|
|
|
(101,992
|
)
|
|
Income (loss) from continuing operations
|
|
$
|
2,930,631
|
|
|
$
|
60,430
|
|
|
$
|
(1,485,821
|
)
|
|
$
|
1,505,240
|
|
|
Three months ended September 30, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from outside customers
|
|
$
|
13,838,250
|
|
|
$
|
9,451,198
|
|
|
$
|
–
|
|
|
$
|
23,289,448
|
|
|
Depreciation, amortization and impairment expenses(1)
|
|
|
(225,820
|
)
|
|
|
(947,199
|
)
|
|
|
(6,917
|
)
|
|
|
(1,179,936
|
)
|
|
Direct expenses(2)
|
|
|
(10,642,181
|
)
|
|
|
(9,916,151
|
)
|
|
|
(1,299,705
|
)
|
|
|
(21,858,037
|
)
|
|
Segment operating income (loss)
|
|
$
|
2,970,249
|
|
|
$
|
(1,412,152
|
)
|
|
$
|
(1,306,622
|
)
|
|
$
|
251,475
|
|
|
Financial income (expense)
|
|
|
(18,010
|
)
|
|
|
19,761
|
|
|
|
(318,517
|
)
|
|
|
(316,766
|
)
|
|
Income tax expense
|
|
|
(21,949
|
)
|
|
|
–
|
|
|
|
(267,956
|
)
|
|
|
(289,905
|
)
|
|
Income (loss) from continuing operations
|
|
$
|
2,930,290
|
|
|
$
|
(1,392,391
|
)
|
|
$
|
(1,893,095
|
)
|
|
$
|
(355,196
|
)
|
|
(1)
|
Includes depreciation of property and equipment and amortization expenses of intangible assets.
|
|
(2)
|
Including, inter alia, sales and marketing, general and administrative.
|
|
(3)
|
Out of those amounts, goodwill in the Company’s Training and Simulation and Power Systems Divisions totaled $24,435,641 and $21,191,580, respectively, as of September 30, 2016 and $24,435,641 and $20,935,609, respectively, as of September 30, 2015.
|
|
(4)
|
Includes segment assets from continuing operations.
|
|