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Segment Reporting
 9 Months Ended
Sep. 30, 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 and nine-month periods ended September 30, 2015 and 2014.  Geographic area is based on the location where the products were shipped or services rendered.
For the three months ended September 30,
United States
of America
 
Europe
 
Asia
 
Total
2015
 
 
 
 
 
 
 
Wave products and services
$
1,502,776

 
$
791,787

 
$
267,899

 
$
2,562,462

% of Total
59
%
 
31
%
 
10
%
 
100
%
2014
 

 
 

 
 

 
 

Wave products and services
$
3,003,495

 
$
1,087,141

 
$
241,468

 
$
4,332,104

% of Total
69
%
 
25
%
 
6
%
 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the nine months ended September 30,
United States
of America
 
Europe
 
Asia
 
Total
2015
 

 
 

 
 

 
 

Wave products and services
$
4,058,608

 
$
2,748,205

 
$
783,320

 
$
7,590,133

% of Total
54
%
 
36
%
 
10
%
 
100
%
2014
 

 
 

 
 

 
 

Wave products and services
$
9,526,785

 
$
3,470,402

 
$
1,107,276

 
$
14,104,463

% of Total
67
%
 
25
%
 
8
%
 
100
%


 Approximately 73% of all tangible assets of Wave are located within the United States of America and approximately 27% are located in the State of Israel.