XML 65 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
OPERATING SEGMENT AND GEOGRAPHIC INFORMATION
 3 Months Ended
Mar. 31, 2015
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.
We have two reportable operating segments, Laboratory Services and Genetic Assays and Platforms.
 
Segment information for the three months ended March 31, 2015 and 2014 was as follows: 
 
Dollars in Thousands
 
Three Months Ended March 31, 2015
 
Laboratory Services
 
Genetic Assays
and Platforms
 
Total
Net Sales
$
4,871

 
$
1,642

 
$
6,513

Gross Profit
2,696

 
278

 
2,974

Net Loss before Taxes
(2,110
)
 
(885
)
 
(2,995
)
Income Tax Expense
41

 
5

 
46

Net Loss
$
(2,151
)
 
$
(890
)
 
$
(3,041
)
Depreciation/Amortization
$
507

 
$
46

 
$
553

Interest Expense, net
$
142

 
$
48

 
$
190

 
 
 
 
 
 
 
March 31, 2015
Total Assets
$
27,563

 
$
6,928

 
$
34,491



 
 
 
 
 
 
 
Dollars in Thousands
 
Three Months Ended March 31, 2014
 
Laboratory Services
 
Genetic Assays
and Platforms
 
Total
Net Sales
$
3,688

 
$
2,563

 
$
6,251

Gross Profit
1,632

 
862

 
2,494

Net Loss before Taxes
(2,984
)
 
(687
)
 
(3,671
)
Income Tax Expense (Benefit)
509

 
(4
)
 
505

Net Loss
$
(3,493
)
 
$
(683
)
 
$
(4,176
)
Depreciation/Amortization
$
440

 
$
53

 
$
493

Interest Expense, net
$
107

 
$
75

 
$
182

 
 
 
 
 
 
 
March 31, 2014
Total Assets
$
22,446

 
$
8,271

 
$
30,717



Net sales for the three months ended March 31, 2015 and 2014 by country were as follows:
 
 
Dollars in Thousands
 
Three Months Ended March 31,
 
2015
 
2014
United States
$
5,509

 
$
4,763

Italy
177

 
385

All Other Countries
827

 
1,103

Total
$
6,513

 
$
6,251


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

Approximately 99% of our long-lived assets are located within the United States.