Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENTS

v2.4.0.6
REPORTABLE SEGMENTS
 6 Months Ended
Mar. 31, 2012
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 provides data, in the form of a PEER Report, 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.  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 (loss) from operations, the most directly comparable measure in accordance with generally accepted accounting principles in the United States, or GAAP:

 

    Three months ended March 31, 2012  
    Reference
Neurometric		     Clinic     Eliminations     Total  
Revenues     37,200       188,900       (12,000 )     214,100  
                                 
Operating expenses:                                
Cost of revenues     35,900       12,000       (12,000 )     35,900  
Research     67,400       -       -       67,400  
Product Development     162,800       -       -       162,800  
Sales and marketing     304,200       10,800       -       315,000  
General and administrative     788,800       262,200       -       1,051,000  
Total operating expenses     1,359,100       285,000       (12,000 )     1,632,100  
                                 
Loss from operations   $ (1,321,900 )   $ (96,100 )   $ -     $ (1,418,000 )

 

    Three months ended March 31, 2011  
    Reference
Neurometric		     Clinic     Eliminations     Total  
Revenues     38,400       162,600       (9,200 )     191,800  
                                 
Operating expenses:                                
Cost of revenues     36,500       9,200       (9,200 )     36,500  
Research     119,300       -       -       119,300  
Product Development     116,400       -       -       116,400  
Sales and marketing     321,400       26,100       -       347,500  
General and administrative     764,500       314,700       -       1,079,200  
Total operating expenses     1,358,100       350,000       (9,200 )     1,698,900  
                                 
Loss from operations   $ (1,319,700 )   $ (187,400 )   $ -     $ (1,507,100 )

  

    Six months ended March 31, 2012  
    Reference
Neurometric		     Clinic     Eliminations     Total  
Revenues     75,200       341,200       (18,000 )     398,400  
                                 
Operating expenses:                                
Cost of revenues     75,100       18,000       (18,000 )     75,100  
Research     137,100       -       -       137,100  
Product Development     275,300       -       -       275,300  
Sales and marketing     590,400       54,700       -       645,100  
General and administrative     1,597,200       514,800       -       2,112,000  
Total operating expenses     2,675,100       587,500       (18,000 )     3,244,600  
                                 
Loss from operations   $ (2,599,900 )   $ (246,300 )   $ -     $ (2,846,200 )

  

    Six months ended March 31, 2011  
    Reference
Neurometric		     Clinic     Eliminations     Total  
Revenues     72,800       283,200       (16,400 )     339,600  
                                 
Operating expenses:                                
Cost of revenues     72,500       16,400       (16,400 )     72,500  
Research     330,300       -       -       330,300  
Product Development     260,800       -       -       260,800  
Sales and marketing     565,100       29,200       -       594,300  
General and administrative     1,597,500       535,600       -       2,133,100  
Total operating expenses     2,826,200       581,200       (16,400 )     3,391,000  
                                 
Loss from operations   $ (2,753,400 )   $ (298,000 )   $ -     $ (3,051,400 )

 

The following table includes selected segment financial information as of March 31, 2012, related to total assets:

 

    Reference 
Neurometric		     Clinic     Total        
Total assets   $ 645,400     $ 59,500     $ 704,900