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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of ResponseDX Accounts Receivable
ResponseDX® accounts receivable consisted of the following:
 
 
 
December 31,
 
December 31,
 
 
 
2012
 
2013
 
Net Medicare receivable
 
$
890,936
 
$
2,422,611
 
Net Private Payor receivable
 
 
2,924,412
 
 
4,315,587
 
 
 
 
3,815,348
 
 
6,738,198
 
Allowance for doubtful accounts
 
 
(991,990)
 
 
(2,404,659)
 
 
 
$
2,823,358
 
$
4,333,539
 
Schedule of Estimated Useful Lives of Property and Equipment
The Company has determined the estimated useful lives of its property and equipment, as follows:
 
Laboratory equipment
 
5 to 7 years  
Furniture and equipment
 
5 to 7 years
Purchased and internally-developed software
 
3 to 5 years
Leasehold improvements
 
Shorter of the useful life (5 to 7 years) or the lease term
Schedule of ResponseDX Revenue
The following details ResponseDX® revenue for the years ended December 31, 2012 and 2013:
 
 
 
Year Ended December 31,
 
 
 
2012
 
2013
 
 
 
 
 
 
 
 
 
Net Medicare revenue
 
$
5,405,393
 
$
4,521,732
 
 
 
 
 
 
 
 
 
Net Private Payor revenue
 
 
6,472,386
 
 
7,489,642
 
 
 
 
 
 
 
 
 
Other
 
 
6,354
 
 
 
 
 
 
 
 
 
 
 
Net ResponseDX® revenue
 
$
11,884,133
 
$
12,011,374
 
Schedule of Revenue Sources that Account for Greater than 10 Percent of Total Revenue
Revenue sources that accounted for greater than 10 percent of revenue are provided below.
 
 
 
Year Ended December 31,
 
 
 
2012
 
2013
 
 
 
Revenue
 
Percent of Total Revenue
 
Revenue
 
Percent of Total Revenue
 
GlaxoSmithKline entities:
 
 
 
 
 
 
 
 
 
 
 
 
 
GlaxoSmithKline LLC
 
$
1,280,704
 
 
6.8
%
$
1,134,366
 
 
5.8
%
GlaxoSmithKline Biologicals S.A.
 
$
3,241,211
 
 
17.3
%
$
3,534,619
 
 
17.9
%
Total GlaxoSmithKline entities
 
$
4,521,915
 
 
24.1
%
$
4,668,985
 
 
23.7
%
Medicare, net of contractual allowances
 
$
5,405,393
 
 
28.8
%
$
4,521,732
 
 
22.8
%
Schedule of Customers that Account for Greater than 10 Percent of Accounts Receivable
Clients that accounted for greater than 10 percent of accounts receivable are provided below.
 
 
 
As of December 31,
 
 
 
2012
 
2013
 
 
 
Receivable
Balance
 
Percent of Total Receivables
 
Receivable
Balance
 
Percent of Total Receivables
 
GlaxoSmithKline entities:
 
 
 
 
 
 
 
 
 
 
 
 
 
GlaxoSmithKline LLC
 
$
200,169
 
 
3.1
%
$
597,937
 
 
6.9
%
GlaxoSmithKline Biologicals S.A.
 
$
1,490,975
 
 
23.4
%
$
544,298
 
 
6.3
%
Total GlaxoSmithKline entities
 
$
1,691,144
 
 
26.5
%
$
1,142,235
 
 
13.2
%
Medicare, net of contractual allowances
 
$
890,936
 
 
14.0
%
$
2,422,611
 
 
28.1
%