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Geographical and Segment Information
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Mar. 31, 2013
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| Geographical and Segment Information [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Geographical and Segment Information |
Note 12. Geographical and Segment Information
As of March 31, 2013, the Company's sources of revenue were the project activities of Sequel Power and the Company's commercialization efforts with respect to its acquisition of CollabRx. The Company's chief operating decision-maker has been identified as the President and Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company.
For geographical reporting, revenues are attributed to the geographic location in which the customers' facilities are located. For all periods presented, net sales by geographic region were all in the United States.
For fiscal year 2013, the Company operated in two segments through its earnings of project service revenues as a result of its contribution agreement with Sequel Power as well as in the medical technology information market. On March 31, 2013, Sequel Power irrevocably assigned and transferred unto the Company for cancelation the balance of its Warrants representing the right to purchase 44,578 shares of the Company's common stock. In exchange, the Company agreed to waive receivables related to certain fees earned under its Services Agreement with Sequel Partners and its 25% ownership interest in Sequel Power. In addition, effective March 31, 2013, the Company terminated its management agreement with Sequel Power.
CollabRx, will form the core of our business and operations going forward.
Revenues for each period presented are all part of continuing operations. No revenues for the fiscal years 2013 and 2012 have been reclassified to discontinued operations. All revenues of continuing operations are attributed to the United States.
Until February 9, 2011, the Company's sales were primarily to manufacturers. The composition of our top five customers changed from year to year. In fiscal year 2013, three customers accounted 100% of our revenues. In fiscal year 2012, one customer, Sequel Power, accounted for 100% of project service related sales.
Long-lived assets consist of property, plant and equipment and are attributed to the geographic location in which they are located.
All long-lived assets are located in the United States and are included in continuing operations. There are no long-lived assets in discontinued operations.
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