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, 2017
Segment Reporting [Abstract]  
Segment and Geographic Information

The Company generates product revenues from 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. Additionally, the Company provides technical services to Invekra.

 

The following table shows the Company’s product revenues by geographic region:

 

    Three Months Ended September 30,              
    2017     2016     $ Change     % Change  
United States   $ 2,268,000     $ 1,697,000     $ 571,000       34%  
Latin America     754,000       –       754,000       100%  
Europe and Rest of the World     1,122,000       877,000       245,000       28%  
Total   $ 4,144,000     $ 2,574,000     $ 1,570,000       61%  

 

    Six Months Ended September 30,              
    2017     2016     $ Change     % Change  
United States   $ 4,127,000     $ 3,070,000     $ 1,057,000       34%  
Latin America     1,323,000       –       1,323,000       100%  
Europe and Rest of the World     2,297,000       1,915,000       382,000       20%  
Total   $ 7,747,000     $ 4,985,000     $ 2,762,000       55%  

 

In connection with the Company’s sale of its Latin America business to Invekra, product related revenues were reclassified from continuing operations to discontinued operations. The amounts were classified in the prior periods as Latin America sales. The amounts reclassified are as follows:

 

    Three Months Ended September 30,  
    2017     2016  
Product revenues   $ –     $ 1,235,000  
Product license fees and royalties     –       76,000  
Total product related revenues   $ –     $ 1,311,000  

 

    Six Months Ended September 30,  
    2017     2016  
Product revenues   $ –     $ 2,333,000  
Product license fees and royalties     –       151,000  
Total product related revenues   $ –     $ 2,484,000  

  

The Company’s service revenues amounted to $181,000 and $224,000 for the three months ended September 30, 2017 and 2016, respectively. The Company’s service revenues amounted to $413,000 and $451,000 for the six months ended September 30, 2017 and 2016, respectively.