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OPERATING SEGMENT AND GEOGRAPHIC INFORMATION | 6 Months Ended
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Jun. 30, 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 June 30, 2015 and 2014 was as follows:
| Dollars in Thousands
| Three Months Ended June 30, 2015
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 4,839 |  |  | $ | 2,201 |  |  | $ | 7,040 |
Gross Profit | 2,634 |  |  | 238 |  |  | 2,872 |
Net Loss before Taxes | (2,167 | ) |  | (1,066 | ) |  | (3,233 | )
Income Tax Expense | 40 |  |  | 2 |  |  | 42 |
Net Loss | $ | (2,207 | ) |  | $ | (1,068 | ) |  | $ | (3,275 | )
Depreciation/Amortization | $ | 517 |  |  | $ | 41 |  |  | $ | 558 |
Interest Expense, net | $ | 131 |  |  | $ | 55 |  |  | $ | 186 |
| June 30, 2015
Total Assets | $ | 25,870 |  |  | $ | 5,539 |  |  | $ | 31,409 |
| Dollars in Thousands
| Three Months Ended June 30, 2014
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 3,843 |  |  | $ | 2,921 |  |  | $ | 6,764 |
Gross Profit | 1,490 |  |  | 903 |  |  | 2,393 |
Net Loss before Taxes | (3,277 | ) |  | (624 | ) |  | (3,901 | )
Income Tax Expense (Benefit) | 40 |  |  | (48 | ) |  | (8 | )
Net Loss | $ | (3,317 | ) |  | $ | (576 | ) |  | $ | (3,893 | )
Depreciation/Amortization | $ | 438 |  |  | $ | 50 |  |  | $ | 488 |
Interest Expense, net | $ | 83 |  |  | $ | 63 |  |  | $ | 146 |
| June 30, 2014
Total Assets | $ | 23,370 |  |  | $ | 7,721 |  |  | $ | 31,091 |
Segment information for the six months ended June 30, 2015 and 2014 is as follows:
| Dollars in Thousands
| Six Months Ended June 30, 2015
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 9,710 |  |  | $ | 3,843 |  |  | $ | 13,553 |
Gross Profit | 5,330 |  |  | 516 |  |  | 5,846 |
Net Loss before Taxes | (4,277 | ) |  | (1,951 | ) |  | (6,228 | )
Income Tax Expense | 81 |  |  | 7 |  |  | 88 |
Net Loss | $ | (4,358 | ) |  | $ | (1,958 | ) |  | $ | (6,316 | )
Depreciation/Amortization | $ | 1,024 |  |  | $ | 87 |  |  | $ | 1,111 |
Interest Expense, net | $ | 273 |  |  | $ | 103 |  |  | $ | 376 |
| Dollars in Thousands
| Six Months Ended June 30, 2014
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 7,531 |  |  | $ | 5,484 |  |  | $ | 13,015 |
Gross Profit | 3,122 |  |  | 1,765 |  |  | 4,887 |
Net Loss before Taxes | (6,261 | ) |  | (1,311 | ) |  | (7,572 | )
Income Tax Expense (Benefit) | 549 |  |  | (52 | ) |  | 497 |
Net Loss | $ | (6,810 | ) |  | $ | (1,259 | ) |  | $ | (8,069 | )
Depreciation/Amortization | $ | 878 |  |  | $ | 103 |  |  | $ | 981 |
Interest Expense, net | $ | 190 |  |  | $ | 138 |  |  | $ | 328 |
Net sales for the three and six months ended June 30, 2015 and 2014 by country were as follows:
| Dollars in Thousands |  | Dollars in Thousands
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
United States | $ | 5,897 |  |  | $ | 4,870 |  |  | $ | 11,405 |  |  | $ | 9,633 |
Italy | 193 |  |  | 337 |  |  | 370 |  |  | 722 |
All Other Countries | 950 |  |  | 1,557 |  |  | 1,778 |  |  | 2,660 |
Total | $ | 7,040 |  |  | $ | 6,764 |  |  | $ | 13,553 |  |  | $ | 13,015 |
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.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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