Note 14 - Segment Reporting

9 Months Ended

Sep. 30, 2018

Segment Reporting Disclosure [Text Block]

Note

. Segment reporting

Segment reporting is based on the “management approach,” following the method that management organizes the company’s reportable segments for which separate financial information is made available to, and evaluated regularly by, the chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker ("CODM") is its Chief Executive Officer ("CEO"), who makes decision on allocating resources and in assessing performance. The CEO reviews the Company's consolidated results as

one

operating segment. In making operating decisions, the CEO primarily considers consolidated financial information, accompanied by disaggregated information about revenues by geography and product. All of the Company’s principal operations and decision-making functions are located in the U.S. The Company’s CEO views its operations, manages its business, and uses

one

measurement of profitability for the

one

operating segment - which sells aesthetic medical equipment and services, and distributes skincare products, to qualified medical practitioners. Substantially all of the Company’s long-lived assets are located in the U.S.

The following table presents a summary of revenue by geography for the

three

months ended

September 30, 2018

and

2017

(in thousands):

	Three Months Ended September 30,
	2018		2017
Revenue mix by geography:
United States	$	24,329	$	23,275
Japan		5,021		4,686
Asia, excluding Japan		4,348		3,488
Europe		2,356		2,024
Rest of the world		4,519		4,700
Total consolidated revenue	$	40,573	$	38,173
Revenue mix by product category:
Systems	$	33,197	$	31,861
Consumables		1,055		596
Skincare		1,423		1,029
Total product revenue	$	35,675	$	33,486
Service		4,898		4,687
Total consolidated revenue	$	40,573	$	38,173

The following table presents a summary of revenue by geography for the

nine

months ended

September 30, 2018

and

2017

(in thousands):

	Nine Months Ended September 30,
	2018		2017
Revenue mix by geography:
United States	$	73,597	$	64,058
Japan		12,522		12,276
Asia, excluding Japan		11,422		9,501
Europe		6,729		5,469
Rest of the world		12,981		12,557
Total consolidated revenue	$	117,251	$	103,861
Revenue mix by product category:
Systems	$	95,727	$	84,969
Consumables		2,881		1,743
Skincare		3,981		2,976
Total product revenue	$	102,589	$	89,688
Service		14,662		14,173
Total consolidated revenue	$	117,251	$	103,861