Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.23.2
Operating Segments (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023 and 2022 (in thousands):

 

Segment Reporting for the Quarter Ended June 30, 2023

 

                              (1)          
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 12,834     $ 12,198     $ 25,032     $     $ 25,032  
Intercompany revenues     26       17       43              
Gross profit     2,491       2,025       4,516             4,516  
Research and development     91       7       98       23       121  
Interest income                       172       172  
Interest expense     (23 )           (23 )     (24 )     (47 )
Interest expense-financing fees                       (24 )     (24 )
Depreciation and amortization     589       89       678       14       692  
Segment income (loss) before income taxes     1,356       1,189       2,545       (1,594 )     951  
Income tax expense     83       349       432             432  
Segment income (loss)     1,273       840       2,113       (1,594 )     519  
Expenditures for segment assets     293       5       298             298 (2)

 

Segment Reporting for the Six Months Ended June 30, 2023

 

                              (1)          
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 22,428     $ 22,711     $ 45,139     $     $ 45,139  
Intercompany revenues     230       36       266              
Gross profit     3,743       3,782       7,525             7,525  
Research and development     158       10       168       52       220  
Interest income                       298       298  
Interest expense     (45 )     (1 )     (46 )     (54 )     (100 )
Interest expense-financing fees                       (44 )     (44 )
Depreciation and amortization     1,162       249       1,411       28       1,439  
Segment income (loss) before income taxes     1,514       2,132       3,646       (3,216 )     430  
Income tax (benefit) expense     (91 )     319       228             228  
Segment income (loss)     1,605       1,813       3,418       (3,216 )     202  
Expenditures for segment assets     1,043       4       1,047             1,047 (2)

 

Segment Reporting for the Quarter Ended June 30, 2022

 

                              (1)          
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 8,393     $ 11,062     $ 19,455     $     $ 19,455  
Intercompany revenues           17       17              
Gross profit     1,563       1,321       2,884             2,884  
Research and development     59       8       67       13       80  
Interest income                       29       29  
Interest expense     (19 )     3       (16 )     (25 )     (41 )
Interest expense-financing fees                       (15 )     (15 )
Depreciation and amortization     381       86       467       13       480  
Segment income (loss) before income taxes     364       515       879       (1,789 )     (910 )
Income tax expense     304       43       347             347  
Segment income (loss)     60       472       532       (1,789 )     (1,257 )
Expenditures for segment assets     373       39       412             412 (3)

 

Segment Reporting for the Six Months Ended June 30, 2022

 

                              (1)          
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 15,872     $ 19,498     $ 35,370     $     $ 35,370  
Intercompany revenues           27       27              
Gross profit     2,201       2,319       4,520             4,520  
Research and development     124       23       147       29       176  
Interest income                       40       40  
Interest expense     (33 )     2       (31 )     (45 )     (76 )
Interest expense-financing fees                       (28 )     (28 )
Depreciation and amortization     752       157       909       27       936  
Segment (loss) income before income taxes     (117 )     799       682       (3,514 )     (2,832 )
Income tax benefit     (254 )     (72 )     (326 )           (326 )
Segment income (loss)     137       871       1,008       (3,514 )     (2,506 )
Expenditures for segment assets     670       88       758             758 (3)

 

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

 

(2) Net of financed amount of $107,000 and $157,000 for the three and six months ended June 30, 2023, respectively.

 

(3) Net of financed amount of $0 and $114,000 for the three and six months ended June 30, 2022, respectively.