SEGMENT INFORMATION

12 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

11. SEGMENT INFORMATION

 

We operate in two principal segments – contract 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. We evaluate performance and allocate resources based on these segments. Certain of our assets are not directly attributable to the Services or Products segments. These assets are grouped into the Corporate segment and include cash and cash equivalents, deferred income taxes, refundable income taxes, debt issue costs and certain other assets. We do not allocate such items to the principal segments because they are not used to evaluate their financial position. The accounting policies of these segments are the same as those described in the summary of significant accounting policies.

(a) Operating Segments

	Years Ended September 30,
	2015		2014
Revenue:
Services	$	17,768	$	19,097
Products		4,930		5,487
	$	22,698	$	24,584
Operating income (loss) :
Services	$	889	$	469
Products		20		(135)
	$	909	$	334
Interest Expense		(287)		(488)
Change in fair value of warrant liability- (increase) decrease		487		(918)
Other income		5		9
Income (loss) before income taxes	$	1,114	$	(1,063)

	Years Ended September 30,
	2015		2014
Identifiable assets:
Services	$	14,709	$	14,132
Products		5,821		5,837
Corporate		3,285		3,805
	$	23,815	$	23,774
Goodwill, net:
Services	$	1,009	$	1,009
Products		-		-
	$	1,009	$	1,009

	Years Ended September 30,
	2015		2014
Depreciation and amortization:
Services	$	1,211	$	1,421
Products		198		176
	$	1,409	$	1,597
Capital expenditures:
Services	$	1,073	$	426
Products		394		64
	$	1,467	$	490

(b) Geographic Information

	Years Ended September 30,
	2015		2014
Sales to External Customers:
United States	$	19,732	$	21,765
Other North America		1,099		419
Pacific Rim		646		740
Europe		908		1,086
Other		313		574
	$	22,698	$	24,584
Long-lived Assets:
United States	$	17,124	$	17,119
	$	17,124	$	17,119

(c) Major Customers

In fiscal 2015 our Services group continued its presence at an important existing customer. In fiscal 2015, customer A accounted for approximately 9.1% of total sales and 3.8% of total trade accounts receivable at September 30, 2015. In fiscal 2014, customer A accounted for approximately 12.1% of total sales and 18.5% of total trade accounts receivable at September 30, 2014. In fiscal 2015, no customer accounted for more than 10% of revenue or trade accounts receivable at September 30, 2015. The customer discussed is included in our Services segment. There can be no assurance that our business will move away from dependence upon a limited number of customer relationships.