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OPERATING SEGMENT AND GEOGRAPHIC INFORMATION
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Operating Segment And Geographic Information
OPERATING SEGMENT AND GEOGRAPHIC INFORMATION
Our chief operating decision-maker is our Chief Executive Officer, who regularly evaluates our performance based on net sales and net loss before taxes. The preparation of this segment analysis requires management to make estimates and assumptions around expenses below the gross profit level. While we believe the segment information to be directionally correct, actual results could differ from the estimates and assumptions used in preparing this information.
The accounting policies of the segments are the same as the policies discussed in Note 2 – "Summary of Significant Accounting Policies".
In the first quarter of 2013, we consolidated our Clinical Laboratories and Pharmacogenomic Services business segments into a single segment and, going forward, it will be referred to as our Laboratory Services segment. We now have two reportable operating segments, Laboratory Services and Diagnostic Tools. Accordingly, segment results of the prior period have been reclassified to reflect these changes.
 
Segment information for the three months ended March 31, 2013 and 2012 is as follows:
 
 
Dollars in Thousands
 
2013
 
Laboratory Services
 
Diagnostic
Tools
 
Total
Net Sales
$
4,427

 
$
2,947

 
$
7,374

Gross Profit
2,193

 
1,488

 
3,681

Net Loss before Taxes
(3,085
)
 
(435
)
 
(3,520
)
Income Tax Expense

 
66

 
66

Net Loss
$
(3,085
)
 
$
(501
)
 
$
(3,586
)
Depreciation/Amortization
$
563

 
$
181

 
$
744

Interest Expense, net
$
135

 
$
18

 
$
153

 
 
 
 
 
 
 
March 31, 2013
Total Assets
$
30,366

 
$
11,032

 
$
41,398



 
 
 
 
 
 
 
Dollars in Thousands
 
2012
 
Laboratory Services
 
Diagnostic
Tools
 
Total
Net Sales
$
4,001

 
$
3,205

 
$
7,206

Gross Profit
1,648

 
1,456

 
3,104

Net Income (Loss) before Taxes
(2,087
)
 
(605
)
 
(2,692
)
Income Tax Expense (Benefit)

 
4

 
4

Net Income (Loss)
$
(2,087
)
 
$
(609
)
 
$
(2,696
)
Depreciation/Amortization
$
448

 
$
65

 
$
513

Interest Expense, net
$
252

 
$
21

 
$
273

 
 
 
 
 
 
 
March 31, 2012
Total Assets
$
30,595

 
$
16,589

 
$
47,184


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales for the three months ended March 31, 2013 and 2012 by country were as follows:
 
 
Dollars in Thousands
 
Three Months Ended
 
March 31,
 
2013
 
2012
United States
$
5,348

 
$
4,724

Italy
455

 
799

All Other Countries
1,571

 
1,683

Total
$
7,374

 
$
7,206


Other than the countries specifically identified above, no other country individually accounted for more than 5% of total net sales.

More than 95% of our long-lived assets are located within the United States.