XML 87 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Information About Segments
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Financial Information About Segments
Financial Information About Segments
Our operations are divided into two operating segments: Technology Development and Products and Licensing. The Technology Development segment provides applied research to customers in our areas of focus.
Our engineers and scientists collaborate with our network of government, academic and industry experts to identify technologies and ideas with promising market potential. We then compete to win fee-for-service contracts from government agencies and industrial customers who seek innovative solutions to practical problems that require new technology. The Technology Development segment derives its revenue primarily from services.

The Products and Licensing segment develops and sells products or licenses technologies based on commercially viable concepts developed by the Technology Development segment. The Products and Licensing segment derives its revenue from product sales, funded product development and technology licenses.
Our President and Chief Executive Officer and his direct reports collectively represent our chief operating decision makers, and they evaluate segment performance based primarily on revenue and operating income or loss.
Information about the results of operations for each segment is set forth in the table below. There were no significant inter-segment sales during the three years ended December 31, 2013. There was an insignificant amount of product sales made outside the United States during these three years.
 
Year Ended December 31,
 
2011
 
2012
 
2013
Technology Development revenue
$
15,586,123

 
$
15,126,834

 
$
11,421,868

Products and Licensing revenue
13,195,822

 
11,250,717

 
10,624,350

Total revenue
28,781,945

 
26,377,551

 
22,046,218

Technology Development operating loss
(3,210,228
)
 
(1,703,370
)
 
(3,169,605
)
Products and Licensing operating income (loss)
362,349

 
(672,741
)
 
(2,540,885
)
Total operating loss
$
(2,847,879
)
 
(2,376,111
)
 
$
(5,710,490
)
Depreciation, Technology Development
$
619,035

 
$
499,439

 
$
286,894

Depreciation, Products and Licensing
370,808

 
266,327

 
266,862

Amortization, Technology Development
295,600

 
212,790

 
197,765

Amortization, Products and Licensing
177,067

 
113,471

 
183,956


Additional segment information is as follows:
 
December 31,
 
2012
 
2013
Total segment assets:
 
 
 
Technology Development
$
13,342,725

 
$
10,208,433

Products and Licensing
7,115,043

 
9,495,642

Total
$
20,457,768

 
$
19,704,075

Property plant and equipment and intangible assets, Technology Development
$
1,868,235

 
$
1,217,083

Property plant and equipment and intangible assets, Products and Licensing
$
996,242

 
$
1,132,101