Industry Segments and Geographic Information

3 Months Ended

Nov. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Industry Segments and Geographic Information

The Industry Segment “U.S. Division” comprises of the Company’s Pasadena facility. The Company at the present time has the U.S. Division and the Corporate Division.

Certain previously reported financial information has been reclassified to conform to the current period’s presentation.

Corporate Division

The Company formed Sino Bond to hold and manage investments in Hong Kong. Sino Bond invests in corporate debt instruments and equity securities in Europe and Asia. The Company invests in various marketable securities. As of November 30, 2015, the balance of these securities is valued at approximately $11.3 million.

 

The Corporate Division includes interest and other income related to its investments in securities, corporate personnel compensation expenses, and general and administrative expenses. Such expenses and income are not allocated to our operating division, as they relate to our general corporate activities.

We generally evaluate performance based on profit or loss from operations before income taxes and non-recurring charges and other criteria. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. There are no transfers between segments.

Summarized financial information concerning the business segments is as follows:

	Three Months Ended November 30,
	2015		2014
Revenues from external customers
Net patient service revenues
U.S. Division	$	1,099,795	$	2,318,678
Corporate		—		—
Consolidated	$	1,099,795	$	2,318,678
Loss before taxes
U.S. Division	$	(1,521,027)	$	(495,388)
Corporate		(684,837)		(505,109)
Consolidated	$	(2,205,864)	$	(1,000,497)

	November 30, 2015		August 31, 2015
Total Assets
U.S. Division	$	15,236,690	$	16,085,709
Corporate		19,387,619		19,994,556
Consolidated	$	34,624,309	$	36,080,265