Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.19.2
Operating Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The table below presents certain financial information of our operating segments for the three and six months ended June 30, 2019 and 2018 (in thousands).

 

Segment Reporting for the Quarter Ended June 30, 2019
    Treatment     Services     Medical     Segments
Total
    Corporate(1)     Consolidated
Total
 
Revenue from external customers   $ 10,094     $ 7,041           $ 17,135     $     $ 17,135  
Intercompany revenues     7       42             49              
Gross profit     2,627       644             3,271             3,271  
Research and development     136             80       216       7       223  
Interest income                             107       107  
Interest expense     (30 )     (4 )           (34 )     (73 )     (107 )
Interest expense-financing fees                             (60 )     (60 )
Depreciation and amortization     233       79             312       5       317  
Segment income (loss) before income taxes     1,611       137       (80 )     1,668       (1,289 )     379  
Income tax expense     6                   6             6  
Segment income (loss)     1,605       137       (80 )     1,662       (1,289 )     373  
Expenditures for segment assets     73       15             88             88  

 

Segment Reporting for the Quarter Ended June 30, 2018
    Treatment     Services     Medical     Segments
Total
    Corporate(1)     Consolidated
Total
 
Revenue from external customers   $ 9,146     $ 4,014           $ 13,160     $     $ 13,160  
Intercompany revenues     77       26             103              
Gross profit     1,523       520             2,043             2,043  
Research and development     115             71       186       33       219  
Interest income                             81       81  
Interest expense     (8 )                 (8 )     (54 )     (62 )
Interest expense-financing fees                             (9 )     (9 )
Depreciation and amortization     227       123             350       9       359  
Segment income (loss) before income taxes     2,028 (2)     116       (71 )     2,073       (1,266 )     807  
Income tax expense     14                   14       5       19  
Segment income (loss)     2,014       116       (71 )     2,059       (1,271 )     788  
Expenditures for segment assets     271       35             306             306  

 

Segment Reporting for the Six Months Ended June 30, 2019
    Treatment     Services     Medical     Segments Total     Corporate(1)     Consolidated
Total
 
Revenue from external customers   $ 19,999     $ 8,844           $ 28,843     $     $ 28,843  
Intercompany revenues     9       63             72              
Gross profit     5,584       188             5,772             5,772  
Research and development     283             154       437       13       450  
Interest income                             188       188  
Interest expense     (47 )     (13 )           (60 )     (134 )     (194 )
Interest expense-financing fees                             (70 )     (70 )
Depreciation and amortization     470       157             627       14       641  
Segment income (loss) before income taxes     3,487       (875 )     (154 )     2,458       (2,590 )     (132 )
Income tax expense     45                   45             45  
Segment income (loss)     3,442       (875 )     (154 )     2,413       (2,590 )     (177 )
Expenditures for segment assets     294       18             312             312  

 

Segment Reporting for the Six Months Ended June 30, 2018
    Treatment     Services     Medical     Segments
Total
    Corporate(1)     Consolidated
Total
 
Revenue from external customers   $ 18,105     $ 7,712           $ 25,817     $     $ 25,817  
Intercompany revenues     289       39             328              
Gross profit     4,303       1,060             5,363             5,363  
Research and development     228             172       400       51       451  
Interest income                             130       130  
Interest expense     (8 )     (1 )           (9 )     (106 )     (115 )
Interest expense-financing fees                             (18 )     (18 )
Depreciation and amortization     467       246             713       18       731  
Segment income (loss) before income taxes     3,772 (2)     31       (172 )     3,631       (2,521 )     1,110  
Income tax expense     65                   65       5       70  
Segment income (loss)     3,707       31       (172 )     3,566       (2,526 )     1,040  
Expenditures for segment assets     106       10             116             116  

 

(1) Amounts reflect the activity for corporate headquarters not included in the segment information.

 

(2) Amounts included a net gain of $1,596,000 recorded resulting from the exchange offer of the Series B Preferred Stock of our M&EC subsidiary which was consummated on May 30, 2018.