Quarterly report pursuant to Section 13 or 15(d)

Segments Information

v3.3.0.814
Segments Information
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segments of Information

12. SEGMENT INFORMATION

 

The Company operates and reports its results as a single operating segment. Revenues and operating loss by geographic area were as follows:

 

    Three Months Ended     Nine Months Ended  
     September 30, 2015     September 30, 2014      September 30, 2015     September 30, 2014  
Revenue:                                
United States   $ 6,872,531     $ 3,642,971     $ 17,200,288     $ 9,477,879  
South Africa     1,380,665       1,601,493       4,626,094       4,905,249  
Australia     830,653       2,641,909       4,824,036       3,153,589  
Europe     1,187,456       1,426,179       3,085,071       3,669,177  
    $ 10,271,305     $ 9,312,552     $ 29,735,489     $ 21,205,894  
                                 
Operating Income (Loss):                                
United States   $ (1,150,856 )   $ (673,118 )   $ (4,267,634 )   $ (3,247,467 )
South Africa     (25,739 )     (70,571 )     (43,178 )     (220,186 )
Australia     (4,608,773 )     192,556       (5,466,548 )     (88,002 )
Europe     34,179       19,007       33,650       44,816  
    $ (5,751,189 )   $ (532,126 )   $ (9,743,710 )   $ (3,510,839 )

 

Non-current assets by geographic area were as follows:

 

     September 30, 2015     December 31, 2014  
Non-current Assets:                
United States   $ 33,226,470     $ 15,299,108  
South Africa     2,428,590       2,172,528  
Australia     404,717       13,068,305  
Europe     3,354,803       3,648,133  
Brazil     135,000       135,000  
    $ 39,549,580     $ 34,323,074