Quarterly report pursuant to Section 13 or 15(d)

Industry Segments and Financial Information About Foreign and Domestic Operations

v3.8.0.1
Industry Segments and Financial Information About Foreign and Domestic Operations
6 Months Ended
Mar. 31, 2018
Industry Segments and Financial Information About Foreign and Domestic Operations [Abstract]  
Industry Segments and Financial Information About Foreign and Domestic Operations

Note 13 - Industry Segments and Financial Information about Foreign and Domestic Operations



The Company currently operates in two reporting segments: Commercial and Research and Development. There are no significant inter-segment sales. We evaluate the performance of each segment based on operating profit or loss. There is no inter-segment allocation of interest expense and income taxes. Our chief operating decision-maker (“CODM”) is Mitchell Steiner, M.D., our President and Chief Executive Officer. 



Information about the Company's operations by segment and geographic area is as follows (in thousands):









 

 

 

 

 

 

 

 

 

 

 

   

For the three months ended
March 31,

 

For the six months ended
March 31,



2018

 

2017

 

2018

 

2017

Operating (loss) income:

(In thousands)

 

(In thousands)

Commercial

$

(163)

 

$

483 

 

$

(19)

 

$

1,431 

Research and Development

 

(1,960)

 

 

(1,155)

 

 

(3,992)

 

 

(1,314)

Corporate

 

(2,574)

 

 

(1,907)

 

 

(8,122)

 

 

(4,571)



$

(4,697)

 

$

(2,579)

 

$

(12,133)

 

$

(4,454)



 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

United States

$

981 

 

$

379 

 

$

1,975 

 

$

737 

South Africa

 

715 

 

 

120 

 

 

1,033 

 

 

636 

Zimbabwe

 

378 

 

 

515 

 

 

678 

 

 

1,031 

Cameroon

 

 —

 

 

 —

 

 

 —

 

 

891 

Peru

 

 —

 

 

 —

 

 

282 

 

 

 —

United Arab Emirates

 

278 

 

 

 —

 

 

278 

 

 

 —

Other

 

221 

 

 

1,392 

 

 

913 

 

 

2,354 



$

2,573 

 

$

2,406 

 

$

5,159 

 

$

5,649 



All of our revenues are attributed to our Commercial reporting segment. Amounts related to long-lived assets, depreciation and amortization, and income taxes are not reported as part of the reporting segments or reviewed by the CODM. These amounts are included in Corporate in the reconciliations above.