Segment Reporting

3 Months Ended

Jun. 30, 2011

Segment Reporting

11. Segment Reporting

The Company views its operations, makes decisions regarding how to allocate resources and manages the business as one operating segment. As a result, the financial information disclosed herein represents all of the material financial information related to the Company’s principal operating segment.

The following table represents the Company’s total revenue by geographic area (based on the location of the customer):

	Three months ended June 30,
	2011			2010
United States		47	%		44	%
Sweden		42	%		43	%
United Kingdom		5	%		12	%
Other		6	%		1	%
		100	%		100	%

Royalty revenue from Bristol represented 36% and 35% of the Company’s total revenue for the three months ended June 30, 2011 and 2010, respectively. The Company’s largest bioprocessing products customer accounted for 42% and 43% of total revenues for the three months ended June 30, 2011 and 2010, respectively. The second largest bioprocessing products customer accounted for 6% and 13% of total revenues for the three months ended June 30, 2011 and 2010, respectively.

Bristol’s royalty payment comprised 52% and 62% of the Company’s accounts receivable at June 30, 2011 and 2010, respectively. The Company’s largest bioprocessing products customer accounted for 34% and 13% of accounts receivable as of June 30, 2011 and 2010, respectively. The second largest bioprocessing products customer accounted for 4% and 22% of accounts receivable as of June 30, 2011 and 2010, respectively.