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Segment Reporting | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting | NOTE 17 SEGMENT REPORTING In accordance with ASC 280, “Segment Reporting”, we define an operating segment as a business activity:
| ● | from which we may earn revenue and incur expenses;
| ● | whose operating results are regularly reviewed by the chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance; and
| ● | for which discrete financial information is available.
We currently have three reporting segments, which include Treatment and Services Segments, which are based on a service offering approach; and Medical, whose primary purpose is the R&D of a new medical isotope production technology. The Medical Segment has not generated any revenues and all costs incurred are reflected within R&D in the accompanying consolidated financial statements. As previously disclosed, the Medical Segment has substantially reduced its R&D costs and activities due to the need for capital to fund these activities. The Company anticipates that the Medical Segment will not resume full R&D activities until the necessary capital is obtained through its own credit facility or additional equity raise, or obtains partners willing to provide funding for its R&D. Our reporting segments exclude our corporate headquarter and our discontinued operations (see “Note 9 – Discontinued Operations”) which do not generate revenues. The table below shows certain financial information of our reporting segments as of and for the years ended December 31, 2019 and 2018 (in thousands). Segment Reporting as of and for the year ended December 31, 2019
|  | Treatment |  |  | Services |  |  | Medical |  |  | Segments Total |  |  | Corporate (2) |  |  | Consolidated Total |
Revenue from external customers |  | $ | 40,364 |  |  | $ | 33,095 |  |  |  | — |  |  | $ | 73,459 | (3)(4) |  | $ | — |  |  | $ | 73,459 |
Intercompany revenues |  |  | 329 |  |  |  | 38 |  |  |  | — |  |  |  | 367 |  |  |  | — |  |  |  | — |
Gross profit |  |  | 12,248 |  |  |  | 3,336 |  |  |  | — |  |  |  | 15,584 |  |  |  | — |  |  |  | 15,584 |
Research and development |  |  | 401 |  |  |  | 12 |  |  |  | 314 |  |  |  | 727 |  |  |  | 23 |  |  |  | 750 |
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 337 |  |  |  | 337 |
Interest expense |  |  | (129 | ) |  |  | (23 | ) |  |  | — |  |  |  | (152 | ) |  |  | (280 | ) |  |  | (432 | )
Interest expense-financing fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (208 | ) |  |  | (208 | )
Depreciation and amortization |  |  | 999 |  |  |  | 318 |  |  |  | — |  |  |  | 1,317 |  |  |  | 25 |  |  |  | 1,342 |
Segment income (loss) before income taxes |  |  | 7,973 |  |  |  | 795 |  |  |  | (314 | ) |  |  | 8,454 |  |  |  | (5,565 | ) |  |  | 2,889 |
Income tax expense |  |  | 153 |  |  |  | — |  |  |  | — |  |  |  | 153 |  |  |  | 4 |  |  |  | 157 |
Segment income (loss) |  |  | 7,820 |  |  |  | 795 |  |  |  | (314 | ) |  |  | 8,301 |  |  |  | (5,569 | ) |  |  | 2,732 |
Segment assets(1) |  |  | 34,260 |  |  |  | 15,410 | (10) |  |  | 16 |  |  |  | 49,686 |  |  |  | 16,829 | (5) |  |  | 66,515 |
Expenditures for segment assets (net) |  |  | 169 |  |  |  | 1,366 |  |  |  | — |  |  |  | 1,535 |  |  |  | — |  |  |  | 1,535 | (9)
Total debt |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,880 |  |  |  | 3,880 | (6)
Segment Reporting as of and for the year ended December 31, 2018
|  | Treatment |  |  | Services |  |  | Medical |  |  | Segments Total |  |  | Corporate (2) |  |  | Consolidated Total |
Revenue from external customers |  | $ | 36,271 |  |  | $ | 13,268 |  |  |  | — |  |  | $ | 49,539 | (3)(4) |  | $ | — |  |  | $ | 49,539 |
Intercompany revenues |  |  | 509 |  |  |  | 70 |  |  |  | — |  |  |  | 579 |  |  |  | — |  |  |  | — |
Gross profit |  |  | 7,197 |  |  |  | 1,264 |  |  |  | — |  |  |  | 8,461 |  |  |  | — |  |  |  | 8,461 |
Research and development |  |  | 483 |  |  |  | — |  |  |  | 811 |  |  |  | 1,294 |  |  |  | 76 |  |  |  | 1,370 |
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 295 |  |  |  | 295 |
Interest expense |  |  | (22 | ) |  |  | (2 | ) |  |  | — |  |  |  | (24 | ) |  |  | (227 | ) |  |  | (251 | )
Interest expense-financing fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (38 | ) |  |  | (38 | )
Depreciation and amortization |  |  | 943 |  |  |  | 465 |  |  |  | — |  |  |  | 1,408 |  |  |  | 47 |  |  |  | 1,455 |
Segment income (loss) before income taxes |  |  | 4,550 | (7) |  |  | (756 | ) |  |  | (811 | ) |  |  | 2,983 |  |  |  | (4,993 | ) |  |  | (2,010 | )
Income tax (benefit) expense |  |  | (943 | )(8) |  |  | — |  |  |  | — |  |  |  | (943 | ) |  |  | 7 |  |  |  | (936 | )
Segment income (loss) |  |  | 5,493 |  |  |  | (756 | ) |  |  | (811 | ) |  |  | 3,926 |  |  |  | (5,000 | ) |  |  | (1,074 | )
Segment assets(1) |  |  | 32,800 |  |  |  | 5,188 | (10) |  |  | 25 |  |  |  | 38,013 |  |  |  | 19,429 | (5) |  |  | 57,442 |
Expenditures for segment assets (net) |  |  | 1,311 |  |  |  | 117 |  |  |  | — |  |  |  | 1,428 |  |  |  | 4 |  |  |  | 1,432 | (9)
Total debt |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,302 |  |  |  | 3,302 | (6)
(1) | Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.
(2) | Amounts reflect the activity for corporate headquarters not included in the segment information.
(3) | The Company performed services relating to waste generated by government clients (domestic and foreign (primarily Canadian)), either directly as a prime contractor or indirectly for others as a subcontractor to government entities, representing approximately $59,985,000 or 81.7% of total revenue for 2019 and $35,944,000 or 72.6% of total revenue for 2018. The following reflects such revenue generated by our two segments:
|  | 2019 |  |  | 2018 |
|  | Treatment |  |  | Services |  |  | Total |  |  | Treatment |  |  | Services |  |  | Total |
Domestic government |  | $ | 29,420 |  |  | $ | 25,077 |  |  | $ | 54,497 |  |  | $ | 25,181 |  |  | $ | 9,630 |  |  | $ | 34,811 |
Foreign government |  |  | 279 |  |  |  | 5,209 |  |  |  | 5,488 |  |  |  | 114 |  |  |  | 1,019 |  |  |  | 1,133 |
Total |  | $ | 29,699 |  |  | $ | 30,286 |  |  | $ | 59,985 |  |  | $ | 25,295 |  |  | $ | 10,649 |  |  | $ | 35,944 |
(4) | The following table reflects revenue based on customer location:
|  | 2019 |  |  | 2018 |
United States |  | $ | 67,822 |  |  | $ | 48,301 |
Canada |  |  | 5,488 |  |  |  | 1,140 |
United Kingdom |  |  | 149 |  |  |  | 98 |
Total |  | $ | 73,459 |  |  | $ | 49,539 |
(5) | Amount includes assets from our discontinued operations of $221,000 and $306,000 at December 31, 2019 and 2018, respectively.
(6) | Net of debt discount/debt issuance costs of ($340,000) and ($80,000) for 2019 and 2018, respectively (see “Note 10 – “Long-Term Debt” for additional information).
(7) | Amount includes a net gain of $1,596,000 recorded resulting from the exchange offer of the Series B Preferred Stock of the Company’s M&EC subsidiary (see “Note 8 – Series B Preferred Stock”)
(8) | For the year ended December 31, 2018, amount includes a tax benefit recorded in the amount of approximately $1,235,000 resulting from certain provisions of the TCJA (see “Note 13 – Income Taxes” for further information of this tax benefit).
(9) | Net of financed amount of $393,000 and $545,000 for the year ended December 31, 2019 and 2018, respectively.
(10) | Includes long-lived asset (net) for our PF Canada, Inc. subsidiary of $41,000 and $0, for the year ended December 31, 2019 and 2018, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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