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SEGMENT INFORMATION | 3 Months Ended
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Dec. 31, 2023
SEGMENT INFORMATION |
SEGMENT INFORMATION | NOTE H – SEGMENT INFORMATION As detailed in Note B above, the Company has three reportable segments; (1) Therapeutic DNA Production Services, (2) MDx Testing Services, and (3) DNA Tagging and Security Products and Services. Resources are allocated by our CEO, COO CFO and CLO whom, collectively the Company has determined to be our CODM. Information regarding operations by segment for the three-month period ended December 31, 2023 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Therapeutic DNA | ​ | MDx Testing | ​ | DNA Tagging and | ​ |  | ​
​ |  | Production |  | Services and Kits |  | Security Products |  | Consolidated
Revenues |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Product revenues | ​ | $ | — | ​ | $ | — | ​ | $ | 307,317 | ​ | $ | 307,317
Service revenues | ​ |  | 77,535 | ​ |  | — | ​ |  | 169,612 | ​ |  | 247,147
Clinical laboratory service revenues | ​ |  | — | ​ |  | 342,740 | ​ |  | — | ​ |  | 342,740
Less intersegment revenues | ​ |  | — | ​ |  | (6,040) | ​ |  | — | ​ |  | (6,040)
Total revenues | ​ | $ | 77,535 | ​ | $ | 336,700 | ​ | $ | 476,929 | ​ | $ | 891,164
Gross profit | ​ | $ | 77,535 | ​ | $ | (62,958) | ​ | $ | 216,520 | ​ | $ | 231,097
(Loss) from segment operations (a) | ​ | $ | (1,259,046) | ​ | $ | (496,512) | ​ | $ | (784,303) | ​ | $ | (2,539,861)
​ NOTE H – SEGMENT INFORMATION, continued Information regarding operations by segment for the three-month period ended December 31, 2022 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Therapeutic DNA | ​ | MDx Testing | ​ | DNA Tagging and | ​ |  | ​
​ |  | Production |  | Services |  | Security Products |  | Consolidated
Revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Product revenues | ​ | $ | 127,506 | ​ | $ | — | ​ | $ | 388,890 | ​ | $ | 516,396
Service revenues | ​ |  | 121,743 | ​ |  | — | ​ |  | 110,318 | ​ |  | 232,061
Clinical laboratory service revenues | ​ |  | — | ​ |  | 4,565,815 | ​ |  | — | ​ |  | 4,565,815
Less intersegment revenues | ​ |  | — | ​ |  | (51,520) | ​ |  | — | ​ |  | (51,520)
Total revenues | ​ | $ | 249,249 | ​ | $ | 4,514,295 | ​ | $ | 499,208 | ​ | $ | 5,262,752
Gross profit | ​ | $ | 170,924 | ​ | $ | 1,933,219 | ​ | $ | 273,540 | ​ | $ | 2,377,683
(Loss) income from segment operations (a) | ​ | $ | (852,253) | ​ | $ | 1,109,884 | ​ | $ | (474,715) | ​ | $ | (217,084)
​ Reconciliation of segment loss from operations to consolidated loss before provision for income taxes is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2023 |  | 2022
Loss from operations of reportable segments | ​ | $ | (2,539,861) | ​ | $ | (217,084)
General corporate expenses (b) | ​ |  | (1,249,205) | ​ |  | (1,001,894)
Interest income | ​ |  | 33,323 | ​ |  | 3,686
Unrealized gain (loss) on change in fair value of warrants classified as a liability | ​ |  | 2,639,000 | ​ |  | (2,637,800)
Other (expense) income, net | ​ | ​ | (13,538) | ​ | ​ | 8,846
Consolidated loss before provision for income taxes | ​ | $ | (1,130,281) | ​ | $ | (3,844,246)
​
| (a) | Segment operating loss consists of net sales, less cost of sales, specifically identifiable research and development, and selling, general and administrative expenses.
| (b) | General corporate expenses consist of Selling, general and administrative expenses that are not specifically identifiable to a segment.

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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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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