Annual report pursuant to Section 13 and 15(d)

17. Segment Information

v3.6.0.2
17. Segment Information
12 Months Ended
Sep. 30, 2016
Notes  
17. Segment Information

17.                Segment Information

The Company operated one business segment during fiscal 2016.  The Company operated two business segments during fiscal 2015, based primarily on the nature of the Company's products. The Chronic Illness Monitoring segment is engaged in the business of developing, distributing and marketing mobile monitoring of patient vital signs and physical activity to insurance companies, disease management companies, third-party administrators, and self-insured companies.  The customer contracts and equipment leased to customers of the Company’s CareServices segment were sold in December 2014, and that segment was discontinued.  The CareServices segment was engaged in the business of developing, distributing and marketing mobile health monitoring and concierge services to distributors and consumers.

At the corporate level, the Company raises capital and provides for the administrative operations of the Company as a whole.

The following table reflects certain financial information relating to each reportable segment as of September 30, 2016 and 2015, and for the fiscal years then ended:

 

 

Corporate

 

 

Chronic Illness Monitoring

 

 

CareServices (Discontinued Operations)

 

 

Total

 

As of September 30, 2016 and for the Fiscal

Year Then Ended:

 

 

 

 

 

 

 

 

Sales to external customers

$

-

 

$

7,464,146

 

$

-

 

$

7,464,146

 

Segment income (loss)

 

(10,151,704

)

 

1,029,144

 

 

-

 

 

(9,122,560

)

Interest expense, net

 

2,963,747

 

 

-

 

 

-

 

 

2,963,747

 

Segment assets

 

926,469

 

 

691,737

 

 

-

 

 

1,618,206

 

Property and equipment purchases

 

5,004

 

 

-

 

 

-

 

 

5,004

 

Depreciation and amortization

 

51,376

 

 

-

 

 

-

 

 

51,376

 

 

 

 

 

 

 

 

 

As of September 30, 2015 and for the Fiscal

Year Then Ended:

 

 

 

 

 

 

 

 

Sales to external customers

$

-

 

$

6,597,981

 

$

152,686

 

$

6,750,667

 

Segment loss

 

(10,757,547

)

 

(583,890

)

 

(186,232

)

 

(11,527,669

)

Interest expense, net

 

977,234

 

 

-

 

 

-

 

 

977,234

 

Segment assets

 

767,302

 

 

1,771,658

 

 

-

 

 

2,538,960

 

Property and equipment purchases

 

15,289

 

 

-

 

 

-

 

 

15,289

 

Depreciation and amortization

 

57,036

 

 

-

 

 

233,664

 

 

290,700