Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information

v3.5.0.2
NOTE 4: SEGMENT INFORMATION (Details) - Schedule of Segment Reporting Information - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Segment Reporting Information [Line Items]          
Revenues from outside customers $ 24,300,120 $ 23,289,448 $ 71,486,478 $ 69,160,381  
Financial income (expense) (227,474) (316,766) (769,328) (887,771)  
Income tax expense (101,992) (289,905) (684,272) (899,629)  
Net income (loss) 635,938 (617,971) (807,784) (3,343,618)  
Three months ended September 30, 2015          
Segment assets(3) 116,462,929   116,462,929   $ 117,493,016
Training and Simulation Division [Member]          
Segment Reporting Information [Line Items]          
Revenues from outside customers 11,871,987 13,838,250 36,519,124 40,160,933  
Depreciation and amortization expense(1) [1] (276,151) (225,820) (825,178) (640,842)  
Direct expenses(2) [2] (8,795,338) (10,642,181) (29,218,054) (32,671,082)  
Segment net income (loss) 2,800,498 2,970,249 6,475,892 6,849,009  
Financial income (expense) (14,782) (18,010) (29,593) (42,851)  
Income tax expense 144,915 (21,949) 51,285 (200,425)  
Net income (loss) 2,930,631 2,930,290 6,497,584 6,605,733  
Three months ended September 30, 2015          
Segment assets(3) [3] 46,650,797 58,050,229 [4] 46,650,797 58,050,229 [4]  
Additions to long-lived assets     236,866 891,849  
Power Systems Division [Member]          
Segment Reporting Information [Line Items]          
Revenues from outside customers 12,428,133 9,451,198 34,967,354 28,999,448  
Depreciation and amortization expense(1) [1] (874,163) (947,199) (2,649,545) (3,002,255)  
Direct expenses(2) [2] (11,451,439) (9,916,151) (32,217,155) (30,334,284)  
Segment net income (loss) 102,531 (1,412,152) 100,654 (4,337,091)  
Financial income (expense) (23,830) 19,761 (58,858) 33,955  
Income tax expense (18,271) 0 (127,632) 0  
Net income (loss) 60,430 (1,392,391) (85,836) (4,303,136)  
Three months ended September 30, 2015          
Segment assets(3) [3] 61,131,101 57,992,723 [4] 61,131,101 57,992,723 [4]  
Additions to long-lived assets     668,854 785,321  
Flow Battery Division [Member]          
Segment Reporting Information [Line Items]          
Revenues from outside customers 0 0 0 0  
Depreciation and amortization expense(1) [1] (2,552) (6,917) (12,809) (19,323)  
Direct expenses(2) [2] (1,065,771) (1,299,705) (4,556,134) (3,457,931)  
Segment net income (loss) (1,068,323) (1,306,622) (4,568,943) (3,477,254)  
Financial income (expense) (188,862) (318,517) (680,877) (878,875)  
Income tax expense (228,636) (267,956) (607,925) (699,204)  
Net income (loss) (1,485,821) (1,893,095) (5,857,745) (5,055,333)  
Three months ended September 30, 2015          
Segment assets(3) [3] 8,681,031 386,112 [4] 8,681,031 386,112 [4]  
Additions to long-lived assets     0 4,502  
Corporate Segment [Member]          
Segment Reporting Information [Line Items]          
Revenues from outside customers 24,300,120 23,289,448 71,486,478 69,160,381  
Depreciation and amortization expense(1) [1] (1,152,866) (1,179,936) (3,487,532) (3,662,420)  
Direct expenses(2) [2] (21,312,548) (21,858,037) (65,991,343) (66,463,297)  
Segment net income (loss) 1,834,706 251,475 2,007,603 (965,336)  
Financial income (expense) (227,474) (316,766) (769,328) (887,771)  
Income tax expense (101,992) (289,905) (684,272) (899,629)  
Net income (loss) 1,505,240 (355,196) 554,003 (2,752,736)  
Three months ended September 30, 2015          
Segment assets(3) [3] $ 116,462,929 $ 116,429,064 [4] 116,462,929 116,429,064 [4]  
Additions to long-lived assets     $ 905,720 $ 1,681,672  
[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.