10. Business Segment Information

12 Months Ended

Dec. 31, 2012

10. BUSINESS SEGMENT INFORMATION

Beginning in 2005, the Company has operations in two segments of its business, namely: Distribution and Health and Beauty Products. Distribution consists of the wholesale pharmaceutical distribution and resale of brand and generic pharmaceutical products, over-the-counter drugs and non-drug products and health and beauty products. Health and Beauty Products consist of the manufacture and distribution of primarily health and beauty products and the distribution of pharmacy and laboratory supplies.

The following tables describe information regarding the operations and assets of these reportable business segments:

			Health and
			Beauty
	Distributions		Products			Total
For the year ended December 31, 2012
Sales to external customers	$	7,254,363	$	1,894,325		$	9,148,688
Depreciation and amortization		3,705		15,833		$	19,538
Segment income (loss) before taxes		63,393		96,296		$	159,689
Segment assets		905,808		1,501,636			2,407,444

For the year ended December 31, 2011
Sales to external customers	$	10,972,638	$	1,433,933		$	12,406,571
Depreciation and amortization		3,527		2,880			6,407
Segment income (loss) before taxes		616,871		(429,924	)		186,947
Segment assets		1,265,427		333,075			1,599,502

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details