Quarterly report pursuant to Section 13 or 15(d)

Operating Segment (Tables)

v3.10.0.1
Operating Segment (Tables)
6 Months Ended
Jun. 30, 2018
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, 2018 and 2017 (in thousands).

 

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 Quarter Ended June 30, 2017

 

    Treatment     Services     Medical     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 9,630     $ 3,085           $ 12,715     $     $ 12,715  
Intercompany revenues     97       7             104              
Gross profit     2,174       180             2,354             2,354  
Research and development     62             550       612       7       619  
Interest income                             36       36  
Interest expense     (18 )                 (18 )     (72 )     (90 )
Interest expense-financing fees                             (9 )     (9 )
Depreciation and amortization     988       135             1,123       10       1,133  
Segment income (loss) before income taxes     1,238       (553 )     (550 )     135       (1,295 )     (1,160 )
Income tax expense     65                   65       1       66  
Segment income (loss)     1,173       (553 )     (550 )     70       (1,296 )     (1,226 )
Expenditures for segment assets     91       3             94             94  

 

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     491       60             551       3       554  

 

Segment Reporting for the Six Months Ended June 30, 2017

 

    Treatment     Services     Medical     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 19,665     $ 5,757           $ 25,422     $     $ 25,422  
Intercompany revenues     113       10             123              
Gross profit     4,861       212             5,073             5,073  
Research and development     243             750       993       15       1,008  
Interest income                             71       71  
Interest expense     (26 )     (1 )           (27 )     (162 )     (189 )
Interest expense-financing fees                             (18 )     (18 )
Depreciation and amortization     1,997       271             2,268       20       2,288  
Segment income (loss) before income taxes     2,840       (1,260 )     (750 )     830       (2,584 )     (1,754 )
Income tax expense     145                   145       2       147  
Segment income (loss)     2,695       (1,260 )     (750 )     685       (2,586 )     (1,901 )
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 (see “Note 13 – M&EC Series B Preferred Stock” below).