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Segment and Geographic Area Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment and Geographic Area Information

17.

Segment and Geographic Area Information

Business Segment

The Company operates in one business segment, which is the business of developing and commercializing innovative ophthalmic products for the treatment of eye diseases. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker in making decisions regarding resource allocation and assessing performance. The chief operating decision maker made such decisions and assessed performance at the company level, as one segment.

Geographic Area Information

The following table summarizes the Company’s revenues and long-lived assets, net by geographic area (in thousands):

 

 

 

Revenues

 

 

Long-lived assets, net

 

 

 

Twelve Months

Ended

December 31,

 

 

Six Months

Ended

December 31,

 

 

Year Ended June 30,

 

 

At December 31,

 

 

At December 31,

 

 

 

2019

 

 

2018

 

 

2018

 

 

2017

 

 

2019

 

 

2018

 

U.S.

 

$

19,144

 

 

$

1,108

 

 

$

2,861

 

 

$

7,439

 

 

$

357

 

 

$

288

 

China

 

$

1,121

 

 

 

1,720

 

 

 

 

 

 

 

 

 

 

 

 

 

U.K.

 

 

100

 

 

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

Consolidated

 

$

20,365

 

 

$

2,928

 

 

$

2,961

 

 

$

7,539

 

 

$

357

 

 

$

288