Segment Information

9 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

18. Segment Information

 

The Company is operated as two segments: laboratory testing services (legacy AEON’s services), and web-based software and related products and offerings (legacy AHC products). Laboratory testing services includes the testing of an individual’s blood, urine or saliva for the presence of drugs or chemicals and the patient’s DNA profile. Web-based software and related products and offerings provide secure web-based revenue cycle management applications and telehealth products and services that enable healthcare organizations to increase revenues, improve productivity, reduce costs, coordinate care for patients and enhance related administrative and clinical workflows and compliance with regulatory requirements. Our web-based services are delivered as Software as a Service (SaaS) to our customers interfacing seamlessly with billing, information and document management systems.

Currently, management runs each segment separately and measures profitability and operational performance based on the financial records independently maintained by two separate systems.

Selected financial information related to the Company’s segments is presented below (in thousands):

	Three Months Ended
	March 31, 2016 (As Restated,  See Note 2)						March 31, 2015
	Laboratory testing services		Web-based software		Total		Laboratory testing services		Web-based software		Total
Total assets	$	7,935	$	44,532	$	52,467	$	5,399	$	-	$	5,399
Net revenue	$	5,244	$	259	$	5,503	$	4,802	$	-	$	4,802
Cost of revenues		2,133		134		2,267		1,112		-		1,112
Other operating expenses		3,488		610		4,098		1,655		-		1,655
Depreciation and amortization		304		96		400		333		-		333
Other expenses		-		(459)		(459)		(5)		-		(5)
Income tax (benefit) expense		1,506		(488)		1,018		6		-		6
Net income (loss)	$	(2,187)	$	(552)	$	(2,739)	$	1,691	$	-	$	1,691

	Nine Months Ended
	March 31, 2016 (As Restated See Note 2)						March 31, 2015
	Laboratory Testing services		Web-based software		Total		Laboratory testing services		Web-based software		Total
Total assets	$	7,935	$	44,532	$	52,467	$	5,399	$	-	$	5,399
Net revenue	$	27,842	$	259	$	28,101	$	17,826	$	-	$	17,826
Cost of revenues		5,199		134		5,333		3,356		-		3,356
Other operating expenses		13,483		610		14,093		5,644		-		5,644
Depreciation and amortization		780		96		876		535		-		535
Other expenses (income)		9		(459)		(450)		(1,135)		-		(1,135)
Income tax (benefit) expense		1,498		(488)		1,010		18		-		18
Net income (loss)	$	6,891	$	(552)	$	6,339	$	7,138	$	-	$	7,138