SEGMENT INFORMATION

6 Months Ended

Mar. 31, 2015

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 the Consolidated Financial Statements in our annual report on Form 10-K for the year ended September 30, 2014.

	Three Months Ended March 31,						Six Months Ended March 31,
	2015			2014			2015			2014
Revenue:
Service	$	4,530		$	4,526		$	8,928		$	9,442
Product		1,196			1,386			2,643			2,690
	$	5,726		$	5,912		$	11,571		$	12,132
Operating income (loss):
Service	$	60		$	(38	)	$	81		$	377
Product		(32	)		143			89			190
	$	28		$	105		$	170		$	567
Interest expense		(75	)		(121	)		(156	)		(285	)
Change in fair value of warrant liability – decrease (increase)		199			(200	)		319			(1,161	)
Other income (expense)		(1	)		4			1			5
Net income (loss) before income taxes	$	151		$	(212	)	$	334		$	(874	)