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SEGMENT INFORMATION
3 Months Ended
Dec. 31, 2013
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION
  5. SEGMENT INFORMATION

 

We operate in two principal segments - research services and research products. Our Services segment provides research and development support on a contract basis directly to pharmaceutical companies. Our Products segment provides liquid chromatography, electrochemical and physiological monitoring products to pharmaceutical companies, universities, government research centers and medical research institutions. Our accounting policies in these segments are the same as those described in the summary of significant accounting policies found in Note 2 to Consolidated Financial Statements in our annual report on Form 10-K for the year ended September 30, 2013.

 

    Three Months Ended
December 31,
 
    2013     2012  
             
Revenue:                
Service   $ 4,916     $ 4,670  
Product     1,304       1,133  
    $ 6,220     $ 5,803  
                 
Operating income:                
Service   $ 424     $ 199  
Product     38       103  
    $ 462     $ 302  
                 
Interest Expense     (164 )     (165 )
Change in fair value of warrant liability - (increase) decrease     (961 )     117  
Other income     1       2  
                 
Income (loss) before income taxes   $ (662 )   $ 256