Note 8 - Segments

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 8 – 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 four reportable segments: Helomics, zPREDICTA, Soluble and Skyline. 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 nine months ended September 30, 2022 and 2021 are included in the table below. All revenues are earned from external customers.

Revenue

	Three Months Ended September 30,				Nine Months Ended, September 30,
	2022		2021		2022		2021
Helomics	$	1,821	$	2,164	$	5,543	$	11,314
Soluble		29,439		27,653		64,580		76,639
zPREDICTA		170,816		-		261,099
Skyline		253,751		282,675		809,875		853,063
Corporate		-		1,171		889		3,171
Total	$	455,827	$	313,663	$	1,141,986	$	944,187

Segment Gain (Loss)

	Three Months Ended September 30,						Nine Months Ended, September 30,
	2022			2021			2022			2021
Helomics	$	(916,113	)	$	(3,739,275	)	$	(2,902,182	)	$	(6,024,129	)
Soluble		(407,622	)		(352,324	)		(1,206,550	)		(840,790	)
zPREDICTA		(160,395	)		-			(7,989,585	)		-
Skyline		(109,408	)		(102,850	)		(259,444	)		(378,490	)
Corporate		(2,465,946	)		(1,243,568	)		(5,463,763	)		(4,657,253	)
Total	$	(4,059,484	)	$	(5,438,017	)	$	(17,821,524	)	$	(11,900,662	)

Assets

	As of September 30,		As of December 31,
	2022		2021
Helomics	$	1,061,545	$	1,802,792
Soluble		1,559,917		1,742,445
zPREDICTA		3,815,513		10,782,568
Skyline		15,046,253		906,977
Corporate		11,682,981		28,536,489
Total	$	33,166,209	$	43,771,271