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Summary of significant accounting policies (Tables)
12 Months Ended
Jul. 31, 2012
Schedule Of Segment Revenue And Revenue Percentage [Table Text Block] The following tables of the Clinical Lab segment’s net revenues and revenue percentages by revenue category:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

Years ended July 31,
2011

 

2010

 

 

 


 


 


 

Revenue category

 

 

 

 

(in %)

 

 

 

 

(in %)

 

 

 

 

(in %)

 


 


 


 


 


 


 


 

Medicare

 

$

12,658

 

 

21

 

$

11,856

 

 

22

 

$

11,158

 

 

25

 

Third-party payers

 

 

29,616

 

 

50

 

 

24,335

 

 

46

 

 

19,534

 

 

44

 

Patient self-pay

 

 

11,895

 

 

20

 

 

11,554

 

 

22

 

 

8,758

 

 

20

 

HMO’s

 

 

5,234

 

 

9

 

 

5,017

 

 

10

 

 

4,728

 

 

11

 

 

 



 



 



 



 



 



 

Total

 

$

59,403

 

 

100

%

$

52,762

 

 

100

%

$

44,178

 

 

100

%

 

 



 



 



 



 



 



 

Schedule Of Accounts Receivable By Segment [Table Text Block] The following is a table of the Company’s net accounts receivable by segment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2012

 

July 31, 2011

 


 


 


 

Net accounts receivable by segment

 

 

 

 

(in %)

 

 

 

 

(in %)

 


 


 


 


 


 

Clinical Labs (by billing category)

 

 

 

 

 

 

 

 

 

 

 

 

 

Medicare

 

$

1,270

 

 

16

 

$

1,434

 

 

19

 

Third party payers

 

 

3,478

 

 

45

 

 

3,087

 

 

40

 

Patient self-pay

 

 

2,655

 

 

35

 

 

2,865

 

 

37

 

HMO’s

 

 

330

 

 

4

 

 

314

 

 

4

 

 

 



 



 



 



 

Total Clinical Labs

 

 

7,733

 

 

100

%

 

7,700

 

 

100

%

 

 

 

 

 



 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Life Sciences

 

 

6,402

 

 

 

 

 

7,545

 

 

 

 

 

 



 

 

 

 



 

 

 

 

Total accounts receivable

 

$

14,135

 

 

 

 

$

15,245

 

 

 

 

 

 



 

 

 

 



 

 

 

 

Changes in the Company’s allowance for doubtful accounts are as follows:

 

 

 

 

 

 

 

 

 

 

July 31, 2012

 

July 31, 2011

 

 

 


 


 

Beginning balance

 

$

3,488

 

$

2,839

 

Provision for doubtful accounts

 

 

5,104

 

 

4,431

 

Write-offs

 

 

(5,319

)

 

(3,782

)

 

 



 



 

Ending balance

 

$

3,273

 

$

3,488

 

 

 



 



 

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] The following table sets forth the computation of basic and diluted net loss per share for the years ended July 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 


 


 


 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(39,269

)

$

(12,960

)

$

(22,233

)

 

 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding- Basic

 

 

38,798

 

 

38,357

 

 

38,001

 

 

 



 



 



 

Add: effect of dilutive stock options and restricted stock

 

 

 

 

 

 

 

 

 



 



 



 

Weighted-average common shares outstanding - Diluted

 

 

38,798

 

 

38,357

 

 

38,001

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(1.01

)

$

(0.34

)

$

(0.59

)

 

 



 



 



 

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] The following table sets forth the amount of expense related to share-based payment arrangements included in specific line items in the accompanying statement of operations for the years ended July 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 


 


 


 

Cost of clinical laboratory services

 

$

10

 

$

10

 

$

12

 

Research and development

 

 

4

 

 

14

 

 

14

 

Selling, general and administrative

 

 

705

 

 

1,025

 

 

1,144

 

 

 



 



 



 

 

 

$

719

 

$

1,049

 

$

1,170