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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Significant Accounting Policies [Line Items]  
Schedule of ResponseDX Accounts Receivable
ResponseDX® accounts receivable consisted of the following:
 
 
 
December 31,
 
December 31,
 
 
 
2013
 
2014
 
Net Medicare receivable
 
$
2,422,611
 
$
2,814,989
 
Net Private Payor receivable
 
 
4,315,587
 
 
6,029,300
 
 
 
 
6,738,198
 
 
8,844,289
 
Allowance for doubtful accounts
 
 
(2,404,659)
 
 
(2,071,706)
 
 
 
$
4,333,539
 
$
6,772,583
 
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 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 (* indicates amount is below 10%):
 
 
 
Year Ended December 31,
 
 
 
2013
 
2014
 
 
 
 
 
Percent of
 
 
 
Percent of
 
 
 
 
 
Total
 
 
 
Total
 
 
 
Revenue
 
Revenue
 
Revenue
 
Revenue
 
GlaxoSmithKline entities:
 
 
 
 
 
 
 
 
 
 
 
 
 
GlaxoSmithKline LLC
 
$
1,134,366
 
 
5.8
%
$
174,597
 
 
*
%
GlaxoSmithKline Biologicals S.A.
 
$
3,534,619
 
 
17.9
%
$
1,287,184
 
 
*
%
Total GlaxoSmithKline entities
 
$
4,668,985
 
 
23.7
%
$
1,461,781
 
 
*
%
Medicare, net of contractual allowances
 
$
4,521,732
 
 
22.8
%
$
4,886,507
 
 
29.2
%
Sales Revenue, Net [Member]  
Significant Accounting Policies [Line Items]  
Schedule of Revenue by Major Customers by Reporting Segments
The following details ResponseDX® revenue for the years ended December 31, 2013 and 2014:
 
 
 
Year Ended December 31,
 
 
 
2013
 
2014
 
 
 
 
 
 
 
Net Medicare revenue
 
$
4,521,732
 
$
4,886,507
 
 
 
 
 
 
 
 
 
Net Private Payor revenue
 
 
7,489,642
 
 
9,709,690
 
 
 
 
 
 
 
 
 
Net ResponseDX® revenue
 
$
12,011,374
 
$
14,596,197
 
Accounts Receivable [Member]  
Significant Accounting Policies [Line Items]  
Schedule of Revenue by Major Customers by Reporting Segments
Clients that accounted for greater than 10 percent of gross accounts receivable are provided below (* indicates amount is below 10%):
 
 
 
As of December 31,
 
 
 
2013
 
2014
 
 
 
 
 
Percent of
 
 
 
Percent of
 
 
 
Receivable
 
Gross
 
Receivable
 
Gross
 
 
 
Balance
 
Receivables
 
Balance
 
Receivables
 
GlaxoSmithKline entities:
 
 
 
 
 
 
 
 
 
 
 
 
 
GlaxoSmithKline LLC
 
$
597,937
 
 
6.9
%
$
174,547
 
 
*
%
GlaxoSmithKline Biologicals S.A.
 
$
544,298
 
 
6.3
%
$
588,212
 
 
*
%
Total GlaxoSmithKline entities
 
$
1,142,235
 
 
13.2
%
$
762,759
 
 
*
%
Medicare, net of contractual allowances
 
$
2,422,611
 
 
28.1
%
$
2,814,989
 
 
28.5
%