Quarterly report pursuant to Section 13 or 15(d)

10. Segment and Geographic Information

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10. Segment and Geographic Information
 9 Months Ended
Dec. 31, 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

December 31,

              
    2017     2016     $ Change     % Change  
United States   $ 2,883,000     $ 1,671,000     $ 1,212,000       73%  
Latin America     772,000       465,000       307,000       66%  
Europe and Rest of the World     992,000       1,038,000       (46,000 )     (4% )
Total   $ 4,647,000     $ 3,174,000     $ 1,473,000       46%  

 

    Nine months ended
December 31,		              
    2017     2016     $ Change     % Change  
United States   $ 7,010,000     $ 4,741,000     $ 2,269,000       48%  
Latin America     2,095,000       465,000       1,630,000       351%  
Europe and Rest of the World     3,289,000       2,952,000       337,000       11%  
Total   $ 12,394,000     $ 8,158,000     $ 4,236,000       52%  

 

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 December 31,  
    2017     2016  
Product revenues   $ –     $ 359,000  
Product license fees and royalties     –       262,000  
Total product related revenues   $ –     $ 621,000  

 

    Nine Months Ended December 31,  
    2017     2016  
Product revenues   $ –     $ 2,693,000  
Product license fees and royalties     –       412,000  
Total product related revenues   $ –     $ 3,105,000  

  

The Company’s service revenues amounted to $196,000 and $187,000 for the three months ended December 31, 2017 and 2016, respectively. The Company’s service revenues amounted to $609,000 and $638,000 for the nine months ended December 31, 2017 and 2016, respectively.