Note 9 - Segments

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 9 – SEGMENTS

The Company has determined its operating segments in accordance with ASC 280 – Segment Reporting. Factors used to determine the Company’s reportable segments include the availability of separate financial statements, the existence of locally based leadership across geographic regions, the economic factors affecting each segment, and the evaluation of operating results at the segment level. The Chief Operating Decision Maker (“CODM”) allocates the Company’s resources for each of the operating segments and evaluates their relative performance. Each operating segment listed below has separate financial statements and locally based leadership that are evaluated based on the results of their respective segments. It should be noted that the operating segments below have different products and services. The financial information is condensed consolidated and evaluated regularly by the CODM in assessing performance and allocating resources.

The Company has three operating segments: Skyline, Helomics and Soluble. See discussion of revenue recognition in Note 1 – Summary of Significant Accounting Policies for a description of the products and services recognized in each segment. The segment revenues and segment net losses for the three and six months ended June 30, 2021 are included in the table below. All revenues are earned from external customers.

Revenue

	Three Months Ended				Six Months Ended,
	June 30,				June 30,
	2021		2020		2021		2020
Skyline	$	306,136	$	173,738	$	570,388	$	453,551
Helomics		7,161		9,046		9,151		24,176
Soluble		34,910		-		48,985		-
Corporate		2,000		-		2,000		-
Total	$	350,207	$	182,784	$	630,524	$	477,727

Segment Loss

	Three Months Ended						Six Months Ended,
	June 30,						June 30,
	2021			2020			2021			2020
Skyline	$	(133,082	)	$	(572,667	)	$	(275,640	)	$	(982,510	)
Helomics		(1,057,177	)		(1,795,312	)		(2,284,853	)		(3,207,777	)
Soluble		(238,938	)		(115,737	)		(488,467	)		(115,737	)
Corporate		(1,144,735	)		(1,093,662	)		(3,413,685	)		(3,800,671	)
Total	$	(2,573,932	)	$	(3,577,378	)	$	(6,462,645	)	$	(8,106,695	)

Assets

	As of June 30,		As of December 31,
	2020		2020
Skyline	$	1,048,150	$	1,191,439
Helomics		6,547,916		9,773,902
Soluble		1,781,450		1,883,585
Corporate		47,534,797		211,510
Total	$	56,912,313	$	13,060,436