Note 14 - Segments and Geographic Areas

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

14. Segments and Geographic Areas

The Company operates in one business segment—the research, development and sale of medical devices to improve minimally invasive surgery. The Company’s chief operating decision maker (determined to be the Chief Executive Officer) does not manage any part of the Company separately, and the allocation of resources and assessment of performance are based on the Company’s consolidated operating results.

The following table presents consolidated assets and long-lived assets by geographic area, which includes property and equipment, intellectual property, and operating lease assets:

	March 31, 2023
	Long-Lived Assets			Total Assets
U.S.		36	%		71	%
EMEA
Switzerland		45	%		24	%
Italy		8	%		2	%
Other		8	%		2	%
Total EMEA		61	%		28	%
Asia		3	%		1	%
Total		100	%		100	%

	December 31, 2022
	Long-Lived Assets			Total Assets
U.S.		35	%		72	%
EMEA
Switzerland		46	%		24	%
Italy		8	%		2	%
Other		8	%		1	%
Total EMEA		62	%		27	%
Asia		3	%		1	%
Total		100	%		100	%

The following table presents sales by geographic area based on the country in which the customer is based.

	Three Months Ended March 31,
	2023			2022
US		21	%		24	%
EMEA		58	%		48	%
Asia		21	%		28	%
Total		100	%		100	%