Information by Business Segment

6 Months Ended

Jun. 30, 2012

Information by Business Segment

Information by Business Segment

13.Information by Business Segment

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.  The Company operates via two principal segments, Biospherics and Health Sciences.  Biospherics seeks to develop proprietary products for commercial application.  Health Sciences provides technical and regulatory consulting services to biotechnology and pharmaceutical companies, as well as aiding the Biospherics segment.

Financial information by business segment for the three and six months ended June 30, 2012 and 2011 is summarized below:

		Three Months Ended June 30,						Six Months Ended June 30,
		2012			2011			2012			2011
Revenue	Biospherics	$	—		$	—		$	—		$	—
	Health Sciences	206,000			186,000			416,000			492,000
	Total revenue	$	206,000		$	186,000		$	416,000		$	492,000
Operating Profit (Loss) and Loss from Operations Before Income Taxes	Biospherics	$	(156,000	)	$	(430,000	)	$	(659,000	)	$	(837,000	)
	Health Sciences	33,000			35,000			105,000			158,000
	General	(626,000		)	(628,000		)	(1,352,000		)	(1,456,000		)
	Total operating loss	(749,000		)	(1,023,000		)	(1,906,000		)	(2,135,000		)
	Interest income	1,000			1,000			2,000			2,000
	Other income	—			8,000			—			53,000
	Gain on settlement of obligations	—			—			—			845,000
	Loss from operations before income taxes	$	(748,000	)	$	(1,014,000	)	$	(1,904,000	)	$	(1,235,000	)
		June 30,			Dec. 31,
		2012			2011
Identifiable Assets	Biospherics	$	17,000		$	287,000
	Health Sciences	210,000			193,000
	General corporate assets	4,339,000			5,175,000
	Total assets	$	4,566,000		$	5,655,000