Segment Reporting

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segments are defined by authoritative guidance as components of a company in which separate financial information is available and is evaluated by the chief operating decision maker (CODM), or a decision-making group, in deciding how to allocate resources and in assessing performance. Our CODM is our chief executive officer. The Company presents a single segment for purposes of financial reporting and prepared its consolidated financial statements upon that basis.

The following table details Wave’s revenue by geographic area for the three-month periods ended March 31, 2015 and 2014.  Geographic area is based on the location of where the products were shipped or services rendered.

	United States of America			Europe			Asia			Total
2015
Wave products and services	$	1,155,647		$	1,025,944		$	270,944		$	2,452,535
% of Total	47		%	42		%	11		%	100		%
2014
Wave products and services	$	3,564,080		$	1,277,955		$	490,504		$	5,332,539
% of Total	67		%	24		%	9		%	100		%

 Approximately 90% of all tangible assets of Wave are located within the United States of America and approximately 10% are located in the State of Israel.