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Segment Reporting (Tables) | 9 Months Ended
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Aug. 31, 2018
Segment Reporting [Abstract] |
Summary of Net Revenue, Cost of Sales, Depreciation and Amortization, Operating Profit, Interest Expense, Income Tax (Expense) Benefit and Assets by Segment | The following table shows, by segment: net revenue, cost of sales, depreciation and amortization, operating profit, interest expense, and income tax (expense) benefit for the three months and nine months ended August 31, 2018:
|  | For the three months ended August 31, 2018 |  |  | For the nine months ended August 31, 2018 |
Net revenue |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 7,776,339 |  |  | $ | 20,475,020 |
Prepacyte®-CB |  |  | 29,308 |  |  |  | 84,208 |
Public cord blood banking |  |  | 65,575 |  |  |  | 65,575 |
Total net revenue |  | $ | 7,871,222 |  |  | $ | 20,624,803 |
Cost of sales |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 2,149,778 |  |  | $ | 5,431,359 |
Prepacyte®-CB |  |  | 27,740 |  |  |  | 124,805 |
Public cord blood banking |  |  | 308,662 |  |  |  | 308,662 |
Total cost of sales |  | $ | 2,486,180 |  |  | $ | 5,864,826 |
Depreciation and amortization |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 43,008 |  |  | $ | 97,674 |
Prepacyte®-CB |  |  | 9,064 |  |  |  | 27,191 |
Public cord blood banking |  |  | — |  |  |  | — |
Total depreciation and amortization |  | $ | 52,072 |  |  | $ | 124,865 |
Operating (loss) income |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 1,170,704 |  |  | $ | 3,521,625 |
Prepacyte®-CB |  |  | (7,496 | ) |  |  | (67,788 | )
Public cord blood banking |  |  | (243,086 | ) |  |  | (243,087 | )
Total operating income |  | $ | 920,122 |  |  | $ | 3,056,995 |
Interest expense |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 410,366 |  |  | $ | 995,437 |
Prepacyte®-CB |  |  | — |  |  |  | — |
Public cord blood banking |  |  | — |  |  |  | — |
Total interest expense |  | $ | 410,366 |  |  | $ | 995,437 |
Income tax expense |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | (303,072 | ) |  | $ | (3,821,660 | )
Prepacyte®-CB |  |  | — |  |  |  | — |
Public cord blood banking |  |  | — |  |  |  | — |
Total income tax expense |  | $ | (303,072 | ) |  | $ | (3,821,660 | )
The following table shows the assets by segment as of August 31, 2018 and November 30, 2017:
|  | As of August 31, 2018 |  |  | As of November 30, 2017 |
Assets |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 26,300,294 |  |  | $ | 23,360,715 |
Prepacyte®-CB |  |  | 469,998 |  |  |  | 549,282 |
Public cord blood banking |  |  | 15,880,068 |  |  |  | — |
Total assets |  | $ | 42,650,360 |  |  | $ | 23,909,997 |
The following table shows, by segment: net revenue, cost of sales, depreciation and amortization, operating profit, interest expense, and income tax (expense) benefit for the three months and nine months ended August 31, 2017:
|  | For the three months For the three months ended August 31, 2017 |  |  | For the nine months ended August 31, 2017 |
Net revenue |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 6,780,565 |  |  | $ | 18,567,285 |
Prepacyte®-CB |  |  | 115,376 |  |  |  | 342,031 |
Public cord blood banking |  |  | — |  |  |  | — |
Total net revenue |  | $ | 6,895,941 |  |  | $ | 18,909,316 |
Cost of sales |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 1,771,403 |  |  | $ | 4,681,276 |
Prepacyte®-CB |  |  | 206,072 |  |  |  | 404,262 |
Public cord blood banking |  |  | — |  |  |  | — |
Total cost of sales |  | $ | 1,977,475 |  |  | $ | 5,085,538 |
Depreciation and amortization |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 24,295 |  |  | $ | 69,734 |
Prepacyte®-CB |  |  | 9,064 |  |  |  | 27,191 |
Public cord blood banking |  |  | — |  |  |  | — |
Total depreciation and amortization |  | $ | 33,359 |  |  | $ | 96,925 |
Operating (loss) income |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 1,552,168 |  |  | $ | 3,850,206 |
Prepacyte®-CB |  |  | (99,935 | ) |  |  | (89,597 | )
Public cord blood banking |  |  | — |  |  |  | — |
Total operating income |  | $ | 1,452,233 |  |  | $ | 3,760,609 |
Interest expense |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | 314,890 |  |  | $ | 937,248 |
Prepacyte®-CB |  |  | — |  |  |  | — |
Public cord blood banking |  |  | — |  |  |  | — |
Total interest expense |  | $ | 314,890 |  |  | $ | 937,248 |
Income tax expense |  |  |  |  |  |  |  |
Umbilical cord blood and cord tissue stem cell service |  | $ | (490,558 | ) |  | $ | (1,128,012 | )
Prepacyte®-CB |  |  | — |  |  |  | — |
Public cord blood banking |  |  | — |  |  |  | — |
Total income tax expense |  | $ | (490,558 | ) |  | $ | (1,128,012 | )

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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