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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2015
Significant Accounting Policies [Line Items]  
Schedule of ResponseDX Accounts Receivable
ResponseDX® accounts receivable as of December 31, 2014 and March 31, 2015, consisted of the following:
   
 
 
December 31,
2014
 
 
March 31,
2015
 
 
 
 
 
 
 
 
Net Medicare receivable
 
$
2,814,989
 
 
$
2,191,781
 
Net Private Payor receivable
 
 
6,029,300
 
 
 
5,639,447
 
 
 
 
8,844,289
 
 
 
7,831,228
 
Allowance for doubtful accounts
 
 
(2,071,706
)
 
 
(2,226,890
)
Total
 
$
6,772,583
 
 
$
5,604,338
 
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
 
3 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 account for greater than 10 percent of total revenue are provided below.
 
 
Three Months Ended March 31,
 
 
 
2014
 
 
2015
 
 
 
Revenue
 
 
Percent
of Total
Revenue
 
 
Revenue
 
 
Percent
of Total
Revenue
 
Medicare, net of contractual allowances
 
$
1,308,422
 
 
 
34
%
 
$
1,408,241
 
 
 
37
%
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 periods indicated:
 
 
 
Three Months
 
 
 
Ended March 31,
 
 
 
 
 
 
 
2014
 
 
2015
 
 
 
 
 
 
 
 
Net Medicare revenue
 
$
1,308,422
 
 
$
1,408,241
 
 
 
 
 
 
 
 
 
 
Net Private Payor revenue
 
 
2,009,131
 
 
 
1,920,270
 
 
 
 
 
 
 
 
 
 
Net ResponseDX® revenue
 
$
3,317,553
 
 
$
3,328,511
 
Accounts Receivable [Member]  
Significant Accounting Policies [Line Items]  
Schedule of Revenue by Major Customers by Reporting Segments
Customers that account for greater than 10 percent of gross accounts receivable are provided below.
 
 
 
As of December 31, 2014
 
 
As of March 31, 2015
 
 
 
Receivable
Balance
 
 
Percent of
Gross
Receivables
 
 
Receivable
Balance
 
 
Percent of
Gross
Receivables
 
Medicare, net of contractual allowances
 
$
2,814,989
 
 
 
29
%
 
$
2,191,781
 
 
 
26
%