Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v2.4.0.6
Segment Reporting
 3 Months Ended
Dec. 31, 2011
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

NOTE 8 — Segment Reporting

 

 In accordance with ASC 280 “Segment Reporting,” the Company’s operating segments are those components of its business for which separate and discrete financial information is available and is used by the Company’s chief operating decision makers, or decision-making group, in making decisions on how the Company allocates resources and assesses performance.

 

In accordance with ASC 280, the Company’s operating segments are divided into Professional Services, Project Services and Other and are further divided by North American and International units. Previously, the Company reported segments as North America and Europe but as the Company has grown and begun to manage operations more discretely, additional segment data is utilized to manage the business.

 

Professional Services represents design, engineering, project management and other higher end services which typically deliver higher gross margins. Project Services represents the Company’s ITS construction management and contracted services operations. These engagements tend to be shorter in duration with lower gross margins. The remaining Other segment represents corporate, administrative, sales and other shared functions that are essential for the Company’s operations but do not directly deliver revenue delivering services.

 

The accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies.” Segment data includes net sales, operating profitability, and total assets by segment for the three months ended December 31, 2011 are as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 677     $ 2,880     $ (97 )   $ 3,460  
Income (loss) from operations     245       813       (1,156 )     (98 )
Depreciation and amortization     -       -       102       102  
Net income (loss)     245       813       (1,535 )     (477 )
                                 
Assets     -       -       9,823       9,823  
Capital expenditures     -       -       72       72  

 

International   Professional
Services		     Project Services     Other     Total  
Net sales   $ 1,855     $ 687     $ -     $ 2,542  
Income (loss) from operations     853       109       (793 )     169  
Depreciation and amortization     -       -       10       10  
Net income (loss)     853       109       (1,052 )     (90 )
                              -  
Assets     -       -       3,705       3,705  
Capital expenditures     -       -       13       13