Annual report pursuant to Section 13 and 15(d)

Geographical and Segment Information

v2.4.0.8
Geographical and Segment Information
12 Months Ended
Mar. 31, 2014
Geographical and Segment Information [Abstract]  
Geographical and Segment Information
Note 12.  Geographical and Segment Information

As of March 31, 2014, the Company’s sole source of revenue was related to its genomics based information technology 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.
 
 
 
Revenue for the
 
 
 
Year Ended
 
 
 
March 31,
 
 
 
2014
   
2013
 
Segment Revenue:
 
   
 
Genomics based technology information
 
$
658
   
$
300
 
Solar power management services
   
--
     
100
 
Total revenue
 
$
658
   
$
400
 
 
Revenues for each period presented are all part of continuing operations.  No revenues for the fiscal years 2014 and 2013 have been reclassified to discontinued operations.  All revenues of continuing operations are attributed to the United States.

The composition of our top five customers changed from year to year.  In fiscal year 2014, five customers accounted 96% of our revenues.  In fiscal year 2013, two customers accounted for 100% of our genomics based revenue, and one customer, Sequel Power, accounted for 100% of solar power project service related sales.    The Company no longer operates in the solar power management services segment.

Long-lived assets consist of property 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.