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16. Segment and Geographic Information
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Mar. 31, 2013
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| 16. Segment and Geographic Information |
NOTE 16 — Segment and Geographic Information
The Company generates product revenues from wound care products which 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 sales which consists of three geographical sales territories as follows (in thousands):
For the year ended March 31, 2013 and 2012, the Company recognized product licensing revenues of $1,686,000 and $359,000, respectively. Such revenues are included in the Company’s calculation of product revenues and are reflected in the table above under the respective geographic region where such licensing revenues were earned.
The Company’s service revenues amounted to $869,000 and $891,000 for the years ended March 31, 2013 and 2012.
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- Details
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- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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