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Segment Data
12 Months Ended
Dec. 31, 2019
Segment Data  
Segment Data

14. Segment Data

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 sales and net income consisted of:

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2019

    

2018

    

Revenue from external customers

 

 

  

 

 

  

 

Human Health

 

$

5,673,068

 

$

4,121,913

 

Animal Health

 

 

102,189

 

 

294,232

 

Consolidated Totals

 

$

5,775,257

 

$

4,416,145

 

 

 

 

 

 

 

 

 

Segment net loss

 

 

  

 

 

  

 

Human Health

 

$

(19,263,550)

 

$

(12,337,529)

 

Animal Health

 

 

(19,275,886)

 

 

(19,808,528)

 

Consolidated Totals

 

$

(38,539,436)

 

$

(32,146,057)

 

 

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

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

    

2019

    

2018

Segment assets

 

 

  

 

 

  

Human Health

 

$

32,431,891

 

$

37,985,935

Animal Health

 

 

68,169,193

 

 

54,893,593

Total

 

$

100,601,084

 

$

92,879,528

 

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

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

    

2019

    

2018

Total assets for reportable segments

 

$

100,601,084

 

$

92,879,528

Less: Investment in subsidiary

 

 

(29,240,965)

 

 

(29,240,965)

Less: Intercompany loan

 

 

(34,949,698)

 

 

(22,596,618)

Consolidated Totals

 

$

36,410,421

 

$

41,041,945