Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.19.1
SEGMENT INFORMATION (Tables)
1 Months Ended 3 Months Ended
Dec. 31, 2018
Mar. 31, 2019
Feb. 28, 2018
Schedule of Segment Information [Table Text Block]
          POC     Corporate and        
    CDMO     Business     Eliminations     Consolidated  
    (in th ousands)  
Revenues from external customers $ 2,377   $   -   $ (525 ) $ 1,852  
Cost of revenues   (1,314 )   -     167     (1,147 )
Segment gross profit (loss)   1,063     -     (358 )   705  
Research and development expenses, net   (78 )   (1,573 )   301     (1,350 )
Operating expenses   (776 )   (600 )   57     (1,319 )
Other income   -     -           -  
Segment operating profit (loss) $ 209   $ (2,173 )   -   $ (1,964 )
                         
Adjustments to presentation of segment Adjusted EBIT:                        
Depreciation and amortization   (264 )   (1 )         (265 )
Segment performance $ (55 )   (2,174 )       $ (2,229 )
          POC     Corporate and        
    CDMO     Business     Eliminations     Consolidated  
                (in th ousands)        
Revenues from external customers $ 8,573   $   -   $ (1,272 ) $ 7,301  
Cost of revenues   (4,709 )   -     698     (4,011 )
Segment gross profit (loss)   3,864     -     (574 )   3,290  
Research and development                        
expenses, net   (293 )   (2,378 )   455     (2,216 )
Operating expenses   (3,036 )   (1,815 )   119     (4,732 )
Other income   37     -           37  
Segment operating profit (loss) $ 572   $ (4,193 )       $ (3,621 )
                         
Adjustments to presentation of segment Adjusted EBIT:                        
Depreciation and amortization   (933 )   (5 )         (938 )
Segment performance $ (361 )   (4,198 )       $ (4,559 )
          POC     Corporate and        
    CDMO     Business     Eliminations     Consolidated  
    (in tho usands)  
Revenues from external customers $ 3,181   $   -   $ (545 ) $ 2,636  
Cost of revenues   (1,725 )   -     240     (1,485 )
Segment gross profit (loss)   1,456     -     (305 )   1,151  
Research and development                        
expenses, net   -     (887 )   305     (582 )
Operating expenses   (1,080 )   (1,356 )         (2,436 )
Other income   316     -           316  
Segment operating profit (loss) $ 692   $ (2,243 )       $ (1,551 )
                         
Adjustments to presentation of segment Adjusted EBIT:                        
Depreciation and amortization   (595 )   (2 )         (597 )
Segment performance $ 97     (2,245 )       $ (2,148 )
Schedule of Reconciliation of Segment Performance [Table Text Block]
    Transition Period, one-  
    month ended December  
    31, 2018  
    (in Thousands)  
Segment performance $ (2,229 )
Stock-based compensation   (734 )
Financial expenses, net   (27 )
Loss before income tax $ (2,990 )
    Three-Months  
    Ended  
    March 31,  
    2019  
    (in Thousands)  
Segment performance $ (4,559 )
Stock-based compensation   (1,073 )
Stock-based compensation to First Choice   ( 2,641 )
Financial expenses, net   (140 )
Loss before income tax $ (8,413 )
    Three-Months  
    Ended  
    February 28,  
    2018  
    (in Thousands)  
Segment performance $ (2,148 )
Stock-based compensation   (1,090 )
Financial expenses, net   (2,681 )
Share in losses of associated company   46  
Loss before income tax $ (5,873 )
Schedule of Revenues from Major Customers [Table Text Block]  
      Three Months Ended     Transition Period One-month Ended  
      March 31, 2019     February 28, 2018     December 31, 2018  
      (in thousands)  
                     
  Customer A $   -   $ 894   $   -  
                     
  Customer B $ 2,215   $ 957   $ 593  
                     
  Customer C $ 1,554   $ 971   $ 267  
                     
  Customer D $ 765   $   -   $ 266  
                     
  Customer E $ 1,308   $   -   $ 266