Quarterly report pursuant to Section 13 or 15(d)

10. Segment and Geographic Information

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10. Segment and Geographic Information
 6 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
10. Segment and Geographic Information

The Company generates product revenues from wound care products that are sold into the human and animal healthcare markets, and the Company generates service revenues from laboratory testing services, which are provided to medical device manufacturers.

 

The Company operates a single segment business for product revenues, which consists of three geographical sales territories as follows:

 

    Three Months     Six Months  
    Ended     Ended  
    September 30,     September 30,  
Geographic region   2015     2014     2015     2014  
United States   $ 1,186,000     $ 356,000     $ 1,973,000     $ 711,000  
Latin America     1,266,000       1,167,000       2,824,000       2,260,000  
Europe and Rest of World     952,000       553,000       1,523,000       1,226,000  
      3,404,000       2,076,000       6,320,000       4,197,000  
Product license fees and royalties     339,000       997,000       786,000       2,046,000  
Total product related revenues   $ 3,743,000     $ 3,073,000       7,106,000       6,243,000  

 

The following table shows the Company’s product license fees and royalties revenues by partner:

 

    Three Months     Six Months  
    Ended     Ended  
    September 30,     September 30,  
Partner   2015     2014     2015     2014  
Exeltis (formerly Quinnova)   $ 103,000     $ 161,000     $ 157,000     $ 307,000  
Innovacyn     9,000       459,000       29,000       987,000  
Laboratorios Sanfer (formerly More Pharma)     227,000       377,000       600,000       752,000  
Total product license fees and royalties   $ 339,000     $ 997,000       786,000       2,046,000  

 

The Company’s service revenues amounted to $311,000 and $191,000 for the three months ended September 30, 2015 and 2014, respectively.

 

The Company’s service revenues amounted to $628,000 and $413,000 for the six months ended September 30, 2015 and 2014, respectively.