Information by Business Segment

9 Months Ended

Sep. 30, 2011

Information by Business Segment

Information by Business Segment

11. Information by Business Segment

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.  The Company operates via two principal segments, Biospherics and Health Sciences.  Biospherics seeks to develop proprietary products for commercial application.  Health Sciences provides technical and regulatory consulting services to biotechnology and pharmaceutical companies, as well as aiding the Biospherics segment.

Financial information by business segment for the three and nine months ended September 30, 2011 and 2010 is summarized below:

		Three Months Ended Sept. 30,						Nine Months Ended Sept. 30,
		2011			2010			2011			2010
Revenue	Biospherics	$	—		$	—		$	—		$	—
	Health Sciences	198,000			369,000			691,000			1,028,000
	Total revenue	$	198,000		$	369,000		$	691,000		$	1,028,000
Operating Profit (Loss) and Loss from Operations Before Income Taxes	Biospherics	$	(407,000	)	$	(1,605,000	)	$	(1,244,000	)	$	(5,079,000	)
	Health Sciences	(6,000		)	160,000			152,000			314,000
	General	(501,000		)	(695,000		)	(1,957,000		)	(2,085,000		)
	Total operating loss	(914,000		)	(2,140,000		)	(3,049,000		)	(6,850,000		)
	Interest income	1,000			1,000			3,000			5,000
	Other income	—			—			53,000			—
	Gain on settlement of obligations	—			—			845,000			—
	Loss from operations before income taxes	$	(913,000	)	$	(2,139,000	)	$	(2,148,000	)	$	(6,845,000	)

		Sept. 30,		Dec. 31,
		2011		2010
Identifiable Assets	Biospherics	$	193,000	$	739,000
	Health Sciences	249,000		359,000
	General corporate assets	5,188,000		5,919,000
	Total assets	$	5,630,000	$	7,017,000