Segment data:

12 Months Ended

Dec. 25, 2011

Segment Reporting Disclosure [Text Block]

Note 12 - Segment data:

The Company’s executive officers include Arvin Smith, Dr. Richard Chapman and Dr. Shelton Clark. Collectively, they are the Chief Operating Decision Maker, or CODM, as defined by Disclosures about Segments of an Enterprise and Related Information. The office of the CODM is responsible for assessing the performance of each segment, as well as the allocation of Company resources.

The Company currently operates three business segments: Environmental Services, Analytical Laboratories and Instruments. The Environmental Services operating segment provides radiological and waste management services primarily to the federal government in connection with the clean-up of the former and present atomic weapons and energy sites operated by the federal government. The Analytical Laboratories operating segment provides analytical radiological services and involves the operation of a radiochemistry laboratory network and a radioactive check source manufacturing facility. The Instruments segment was formed in 2006 with the intent to acquire instrument companies, which have well-established and proven technology. This segment also includes the research and development of a new line of instruments that the Company expects to begin marketing efforts in 2012. As of the date of this report the Company has not made any commitments, nor has it acquired any instrument businesses. Acquisition of instrument businesses is no longer a focus in the Company’s strategy. Intercompany costs and sales are eliminated in the consolidated financial statements.

Segment data for the years ended December 25, 2011 and December 26, 2010 are included below:

	2011			2010

Revenues
Environmental Services	$	34,464,753		$	30,799,943
Analytical Laboratories		10,022,764			10,145,319
Instruments		-			-
		44,487,517			40,945,262
Cost of Sales
Environmental Services		31,213,256			28,255,733
Analytical Laboratories		8,738,954			8,479,524
Instruments		-			-
		39,952,210			36,735,257
Gross Profit
Environmental Services		3,251,497			2,544,210
Analytical Laboratories		1,283,810			1,665,795
Instruments		-			-
		4,535,307			4,210,005
General and administrative expenses
Environmental Services		1,500,838			1,507,384
Analytical Laboratories		401,823			420,200
Instruments		339,429			388,809
		2,242,090			2,316,393
Operating profit (Loss)
Environmental Services		1,750,659			1,036,826
Analytical Laboratories		881,987			1,245,595
Instruments		(339,429	)		(388,809	)
		2,293,217			1,893,612
Supplemental Disclosure
Depreciation Expense
Environmental Services		113,924			66,323
Analytical Laboratories		404,833			365,422
Instruments		-			-
		518,757			431,745
Capital Expenditures
Environmental Services		190,111			143,472
Analytical Laboratories		298,764			194,897
Instruments		-			-
	$	488,875		$	338,369

Total Assets
Environmental Services		9,414,532			8,905,345
Analytical Laboratories		3,132,814			4,250,758
Instruments		146,876			119,452
	$	12,694,222		$	13,275,555

- 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

GlenRose Instruments Inc. 10-K