Quarterly report pursuant to Section 13 or 15(d)

Industry Segments and Financial Information About Foreign and Domestic Operations

v3.10.0.1
Industry Segments and Financial Information About Foreign and Domestic Operations
9 Months Ended
Jun. 30, 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 non-operating expenses 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
June 30,

 

For the nine months ended
June 30,



2018

 

2017

 

2018

 

2017

Operating (loss) income:

(In thousands)

 

(In thousands)

Commercial

$

1,328 

 

$

1,099 

 

$

1,309 

 

$

2,531 

Research and Development

 

(3,787)

 

 

(421)

 

 

(7,780)

 

 

(1,735)

Corporate

 

(2,506)

 

 

(1,944)

 

 

(10,627)

 

 

(6,516)



$

(4,965)

 

$

(1,266)

 

$

(17,098)

 

$

(5,720)



 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

United States

$

641 

 

$

53 

 

$

2,616 

 

$

790 

South Africa

 

1,791 

 

 

199 

 

 

2,824 

 

 

955 

Zimbabwe

 

372 

 

 

240 

 

 

1,050 

 

 

1,271 

Mozambique

 

127 

 

 

1,430 

 

 

127 

 

 

1,430 

Other

 

2,571 

 

 

2,392 

 

 

4,044 

 

 

5,517 



$

5,502 

 

$

4,314 

 

$

10,661 

 

$

9,963 



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