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Segment Data
12 Months Ended
Dec. 31, 2018
Segment Data  
Segment Data

14. Segment Data

Prior to the merger with Napo, the Company managed its operation as a single segment for the purposes of assessing performance and making operating decisions. The Company reorganized their segments to reflect the change in the organizational structure resulting from the merger with Napo. Post-merger with Napo, the Company manages its operations through two segments. The Company has two reportable segments-human health and animal health. The animal health segment is focused on developing and commercializing prescription and non-prescription products for companion and production animals. The human health segment is focused on developing and commercializing of human products and the ongoing commercialization of Mytesi, which is approved by the U.S. FDA for the symptomatic relief of non-infectious diarrhea in adults with HIV/AIDS on antiretroviral therapy.

The Company’s reportable segments net sales and net income consisted of:

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2018

    

2017

    

Revenue from external customers

 

 

  

 

 

  

 

Human Health

 

$

4,121,913

 

$

1,062,920

 

Animal Health

 

 

294,232

 

 

3,298,266

 

Consolidated Totals

 

$

4,416,145

 

$

4,361,186

 

 

 

 

 

 

 

 

 

Segment profit (loss)

 

 

  

 

 

  

 

Human Health

 

$

(12,337,529)

 

$

(14,860,754)

 

Animal Health

 

 

(19,808,528)

 

 

(7,107,860)

 

Consolidated Totals

 

$

(32,146,057)

 

$

(21,968,614)

 

 

The Company’s reportable segments assets consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

December 31,

 

    

2018

    

2017

Segment assets

 

 

  

 

 

  

Human Health

 

$

37,985,935

 

$

41,754,603

Animal Health

 

 

54,893,593

 

 

36,807,184

Total

 

$

92,879,528

 

$

78,561,787

 

The reconciliation of segments assets to the consolidated assets is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

Total assets for reportable segments

 

$

92,879,528

 

$

78,561,787

Less: Investment in subsidiary

 

 

(29,240,965)

 

 

(29,240,965)

Less: Intercompany loan

 

 

(22,596,618)

 

 

(2,000,000)

Less: Intercompany receivable

 

 

 —

 

 

(3,691,616)

Consolidated Totals

 

$

41,041,945

 

$

43,629,206