Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company determines its operating segments based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance. The CODM does not evaluate operating segments using asset information and, accordingly, the Company does not report asset information by segment. The Company does not aggregate its operating segments into reportable segments. Accordingly, the Company has identified three reportable segments, which are organized based on the geographic areas in which it conducts business, as follows:
Segment Description
North America Includes Canada and the United States
Europe, Middle East and Africa (EMEA) Includes all countries within the European Union, United Kingdom, and countries within the Middle East
Other Includes South America, China, Mexico, Australia, New Zealand, and Japan
The Company’s segment operating performance measure is gross margin. Gross margin is defined as revenue less cost of revenue, exclusive of depreciation, and depreciation on Sharing vehicles.
The following tables provides information about the Company’s segments and a reconciliation of the total segment gross margin to loss before income taxes (in thousands):
Three Months Ended March 31,
2022 2021
North America
EMEA
Other
Total
 Segments
North America
EMEA
Other
Total
 Segments
Revenues:
Sharing $ 24,992  8,479  106  33,577  $ 18,167  3,482  —  21,649 
Product sales 4,234  167  —  4,401  3,831  190  —  4,021 
Total revenues 29,226  8,646  106  37,978  21,998  3,672  —  25,670 
Cost of sharing, exclusive of depreciation 13,794  7,551  41  21,386  12,531  1,867  —  14,398 
Cost of product sales 4,178  51  —  4,229  4,067  148  —  4,215 
Depreciation on sharing vehicles 4,704  4,213  23  8,940  2,353  2,664  —  5,017 
Gross margin $ 6,550  (3,169) 42  3,423  $ 3,047  (1,007) —  2,040 
Reconciling items:
Total expenses $ (6,965) $ 78,220 
Loss before income taxes $ 10,388  $ (76,180)
    In accordance with ASC 280—Segment Reporting, the Company attributes Product Sales (and the related cost of Product Sales) based on the location of the subsidiary that made the sale, as opposed to the location of the customer or point of shipment.