Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v2.4.0.6
Segment Reporting
 6 Months Ended
Mar. 31, 2012
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 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 facilitate the delivery of sales.

 

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. Assets are not specifically used or identifiable with each operating segment so are included in the Other unit for both the North American and International segments. 

 

For the three months ended March 31, 2012 the Company’s segment data is as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 552     $ 1,498     $ -     $ 2,050  
Income (loss) from operations     92       217       (1,346 )     (1,037 )
Depreciation and amortization     -       -       101       101  
Net income (loss)     92       217       (1,779 )     (1,470 )
                                 
Capital expenditures     -       -       30       30  

 

International     Professional
Services		       Project Services       Other       Total  
                                 
Net sales   $ 576     $ 691     $ -     $ 1,267  
Income (loss) from operations     445       120       (761 )     (196 )
Depreciation and amortization     -       -       10       10  
Net income (loss)     445       120       (619 )     (54 )
                              -  
Capital expenditures     -       -       -       -  

 

For the three months ended March 31, 2011 the Company's segment data is as follows:

 

North America   Professional Services     Project Services     Other     Total  
Net sales   $ 1,089     $ 1,378     $ -     $ 2,467  
Income (loss) from operations     206       (455 )     (1,556 )     (1,085 )
Depreciation and amortization     -       -       116       116  
Net income (loss)     206       (455 )     (1,927 )     (2,176 )
Capital expenditures     -       -       60       60  

 

International   Professional Services     Project Services     Other     Total  
Net sales   $ 1,735     $ 801     $ -     $ 2,536  
Income (loss) from operations     698       35       (371 )     362  
Depreciation and amortization     -       -       10       10  
Net income (loss)     698       35       (391 )     (342 )
Capital expenditures     -       -       -       -  

 

 

For the six months ended March 31, 2012 the Company’s segment data is as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 1,229     $ 4,378     $ (97 )   $ 5,510  
Income (loss) from operations     337       1,030       (2,502 )     (1,135 )
Depreciation and amortization     -       -       203       203  
Net income (loss)     337       1,030       (3,314 )     (1,947 )
      -       -       -          
Capital expenditures     -       -       102       102  

 

International     Professional
Services		       Project Services       Other       Total  
Net sales   $ 2,431     $ 1,378     $ -     $ 3,809  
Income (loss) from operations     1,298       229       (1,554 )     (27 )
Depreciation and amortization     -       -       20       20  
Net income (loss)     1,298       229       (1,671 )     (144 )
                              -  
Capital expenditures     -       -       13       13  

 

For the six months ended March 31, 2011 the Company's segment data is as follows:

 

North America   Professional Services     Project Services     Other     Total  
Net sales   $ 1,954     $ 3,223     $ -     $ 5,177  
Income (loss) from operations     523       (321 )     (2,691 )     (2,489 )
Depreciation and amortization     -       -       238       238  
Net income (loss)     523       (321 )     (3,261 )     (3,059 )
Capital expenditures     -       -       95       95  

 

International   Professional Services     Project Services     Other     Total  
Net sales   $ 2,214     $ 1,586     $ -     $ 3,800  
Income (loss) from operations     762       103       (1,207 )     342  
Depreciation and amortization     -       -       20       20  
Net income (loss)     762       103       (1,275 )     (410 )
Capital expenditures     -       -       -       -