Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENTS

 v2.3.0.11
REPORTABLE SEGMENTS
 9 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
6.
REPORTABLE SEGMENTS

The Company operates in two business segments:  referenced neurometric information services and clinical services.  Neurometric Information Services (formerly called Laboratory Information Services), provides data to psychiatrists and other physicians/prescribers to enable them to make a more informed decision when treating a specific patient with mental, behavioral and/or addictive disorders provides reports (“PEER Reports”).  Clinic operates NTC, a full service psychiatric practice.

The following tables show operating results for the Company’s reportable segments, along with reconciliation from segment gross profit to (loss) from operations, the most directly comparable measure in accordance with generally accepted accounting principles in the United States, or GAAP:

The following table includes selected segment financial information as of June 30, 2011 related to total assets:

   
Three Months ended June 30, 2011
 
   
Neurometric
Information
Services
   
Clinic
   
Eliminations
   
Total
 
Revenues
  $ 33,200     $ 172,800     $ (8,200 )   $ 197,800  
Operating expenses:
                               
Cost of revenues
    37,800       8,200       (8,200 )     37,800  
Research and development
    181,800       -       -       181,800  
Sales and marketing
    333,200       33,400               366,600  
General and administrative
    780,600       280,100       -       1,060,700  
Total operating expenses
  $ 1,333,400     $ 321,700     $ (8,200 )   $ 1,646,900  
Income (Loss) from operations
  $ (1,300,200 )   $ (148,900 )   $ 0     $ (1,449,100 )

   
Three Months ended June 30, 2010
 
   
Neurometric
Information
Services
   
Clinic
   
Eliminations
   
Total
 
Revenues
  $ 45,300     $ 119,300     $ (5,400 )   $ 159,200  
Operating expenses:
                               
Cost of revenues
    32,800       5,400       (5,400 )     32,800  
Research and development
    302,400       -       -       302,400  
Sales and marketing
    187,500       14,100       -       201,600  
General and administrative
    899,600       182,100       -       1,081,700  
Total operating expenses
  $ 1,422,300     $ 201,600     $ (5,400 )   $ 1,618,500  
Income (Loss) from operations
  $ (1,377,000 )   $ (82,300 )   $ -     $ (1,459,300 )

   
Nine Months ended June 30, 2011
 
   
Neurometric
Information
Services
   
Clinic
   
Eliminations
   
Total
 
Revenues
  $ 106,000     $ 456,000     $ (24,600 )   $ 537,400  
Operating expenses:
                               
Cost of revenues
    110,300       24,600       (24,600 )     110,300  
Research and development
    772,900       -       -       772,900  
Sales and marketing
    895,400       65,500       -       960,900  
General and administrative
    2,381,100       812,700       -       3,193,800  
Total operating expenses
  $ 4,159,700     $ 902,800     $ (24,600 )   $ 5,037,900  
Income (Loss) from operations
  $ (4,053,700 )   $ (446,800 )   $ -     $ (4,500,500 )

   
Nine Months ended June 30, 2010
 
   
Neurometric
Information
Services
   
Clinic
   
Eliminations
   
Total
 
Revenues
  $ 112,100     $ 417,600     $ (48,700 )   $ 481,000  
Operating expenses:
                               
Cost of revenues
    101,900       15,400       (15,400 )     101,900  
Research and development
    843,600       -       -       843,600  
Sales and marketing
    587,800       16,000       -       603,800  
General and administrative
    3,150,900       522,300       (33,300 )     3,639,900  
Total operating expenses
  $ 4,684,200     $ 553,700     $ (48,700 )   $ 5,189,200  
Income (Loss) from operations
  $ (4,572,100 )   $ (136,100 )   $ -     $ (4,708,200 )

The following table includes selected segment financial information as of June 30, 2011, related to goodwill and total assets:

   
Neurometric
Information
Services
   
Clinic
   
Total
 
Goodwill
  $ -     $ -     $ -  
                         
Total assets
  $ 1,310,800     $ 51,900     $ 1,362,700