SEGMENT INFORMATION | NOTE 10. SEGMENT INFORMATION The tables below Three Months Ended September 30, 2016 Corporate USA Brazil Consolidated Revenues $ - $ 8,261 $ 563 $ 8,824 Cost of goods sold - 5,764 1,154 6,918 Gross profit - 2,497 (591 ) 1,906 Depreciation and amortization (in selling, general and administrative) (23 ) (270 ) (16 ) (309 ) Other operating expense (1,784 ) (1,460 ) (493 ) (3,737 ) Income (loss) from operations $ (1,807 ) $ 767 $ (1,100 ) $ (2,140 ) Net income (loss) attributable to RiceBran Technologies shareholders $ (861 ) $ 767 $ (986 ) $ (1,080 ) Interest expense 353 - 393 746 Depreciation (in cost of goods sold) - 216 246 462 Purchases of property - 166 86 252 Nine Months Ended September 30, 2016 Corporate USA Brazil Consolidated Revenues $ - $ 24,793 $ 4,627 $ 29,420 Cost of goods sold - 17,190 6,103 23,293 Gross profit - 7,603 (1,476 ) 6,127 Depreciation and amortization (in selling, general and administrative) (69 ) (854 ) (42 ) (965 ) Other operating expense (5,445 ) (4,160 ) (4,873 ) (14,478 ) Income (loss) from operations $ (5,514 ) $ 2,589 $ (6,391 ) $ (9,316 ) Net income (loss) attributable to RiceBran Technologies shareholders $ (4,955 ) $ 2,589 $ (5,022 ) $ (7,388 ) Interest expense 1,486 - 1,092 2,578 Depreciation (in cost of goods sold) - 619 672 1,291 Purchases of property - 231 229 460 Three Months Ended September 30, 2015 Corporate USA Brazil Consolidated Revenues $ - $ 5,036 $ 3,881 $ 8,917 Cost of goods sold - 3,719 3,141 6,860 Gross profit - 1,317 740 2,057 Depreciation and amortization (in selling, general and administrative) (22 ) (393 ) (11 ) (426 ) Other operating expense (1,067 ) (1,141 ) (769 ) (2,977 ) Loss from operations $ (1,089 ) $ (217 ) $ (40 ) $ (1,346 ) Net income (loss) attributable to RiceBran Technologies shareholders $ (777 ) $ (217 ) $ 470 $ (524 ) Interest expense 348 - 413 761 Depreciation (in cost of goods sold) - 206 220 426 Purchases of property - 72 344 416 Nine Months Ended September 30, 2015 Corporate USA Brazil Consolidated Revenues $ - $ 16,988 $ 12,994 $ 29,982 Cost of goods sold - 11,770 12,864 24,634 Gross profit - 5,218 130 5,348 Depreciation and amortization (in selling, general and administrative) (56 ) (1,181 ) (123 ) (1,360 ) Other operating expense (3,687 ) (3,340 ) (2,790 ) (9,817 ) Income (loss) from operations $ (3,743 ) $ 697 $ (2,783 ) $ (5,829 ) Net income (loss) attributable to RiceBran Technologies shareholders $ (5,260 ) $ 697 $ (2,489 ) $ (7,052 ) Interest expense 999 - 1,435 2,434 Depreciation (in cost of goods sold) - 643 1,193 1,836 Purchases of property - 423 568 991 The tables below Corporate USA Brazil Consolidated As of September 30, 2016 Inventories $ - $ 3,524 $ 351 $ 3,875 Property, net 422 7,787 11,138 19,347 Goodwill - 790 - 790 Intangible assets, net - 476 - 476 Total assets 1,869 16,172 13,185 31,226 As of December 31, 2015 Inventories - 3,302 555 3,857 Property, net 418 8,408 9,502 18,328 Goodwill - 790 2,468 3,258 Intangible assets, net - 1,225 - 1,225 Total assets 3,497 15,260 14,878 33,635 Corporate segment total assets include cash, restricted cash, property and other assets. We review our long-lived assets, including goodwill, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During the second quarter of 2016, a number of economic and market conditions arose related to operations of our Brazil segment that impacted raw bran availability and working capital necessary to acquire it, resulting in the Brazil segment taking an estimated goodwill impairment charge of $3.0 million. No modification of the estimated impairment charge was required in the third quarter of 2016 (see Note 5). Additional information on impairment testing of long-lived assets, intangible assets and goodwill can be found in Note 9 of our Annual Report on Form 10-K for the year ended December 31, 2015. The following table presents revenue by geographic area for the three and nine months ended September 30, 2016 and 2015 (in thousands). Three Months Ended Nine Months Ended 2016 2015 2016 2015 United States $ 7,740 $ 6,267 $ 23,113 $ 18,090 Brazil 289 255 3,264 6,157 Other international 795 2,395 3,043 5,735 Total revenues $ 8,824 $ 8,917 $ 29,420 $ 29,982 |