Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v2.4.0.6
Segment Reporting
 9 Months Ended
Jun. 30, 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 June 30, 2012, the Company’s segment data is as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 452     $ 1,554     $ -     $ 2,006  
Income (loss) from operations     173       154       (3,115 )     (2,788 )
Depreciation and amortization     -       -       101       101  
Net income (loss)     173       224       (3,533 )     (3,136 )
                                 
Capital expenditures     -       -       -       -  

  

International   Professional
Services		     Project Services     Other     Total  
Net sales   $ 270     $ 1,170     $ -     $ 1,440  
Income (loss) from operations     133       152       (829 )     (544 )
Depreciation and amortization     -       -       8       8  
Net income (loss)     133       152       (938 )     (653 )
                              -  
Capital expenditures     -       -       -       -  

 

For the three months ended June 30, 2011, the Company’s segment data is as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 734     $ 2,632     $ -     $ 3,366  
Income (loss) from operations     380       480       (1,477 )     (617 )
Depreciation and amortization     -               114       114  
Net income (loss)     380       480       (1,736 )     (876 )
                                 
Capital expenditures     -       -       -       -  

 

International   Professional
Services		     Project Services     Other     Total  
Net sales   $ 690     $ 446     $ -     $ 1,136  
Income (loss) from operations     547       (350 )     372       569  
Depreciation and amortization     -       -       11       11  
Net income (loss)     547       (350 )     283       480  
                                 
Capital expenditures     -       -       -       -  

 

For the nine months ended June 30, 2012, the Company’s segment data is as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 1,681     $ 5,932     $ (97 )   $ 7,516  
Income (loss) from operations     510       1,184       (5,611 )     (3,917 )
Depreciation and amortization     -       -       304       304  
Net income (loss)     510       1,254       (6,861 )     (5,097 )
                                 
Capital expenditures     -       -       102       102  

 

International   Professional
Services		     Project Services     Other     Total  
                         
Net sales   $ 2,701     $ 2,548     $ -     $ 5,249  
Income (loss) from operations     1,431       381       (2,383 )     (571 )
Depreciation and amortization     -       -       28       28  
Net income (loss)     1,431       381       (2,609 )     (797 )
                                 
Capital expenditures     -       -       13       13  

 

For the nine months ended June 30, 2011, the Company’s segment data is as follows:

 

North America   Professional
Services		     Project Services     Other     Total  
Net sales   $ 2,688     $ 5,855     $ -     $ 8,543  
Income (loss) from operations     903       159       (4,168 )     (3,106 )
Depreciation and amortization     -       -       352       352  
Net income (loss) from continuing operations     903       159       (4,998 )     (3,936 )
                                 
Capital expenditures     -       -       95       95  

 

International   Professional
Services		     Project Services     Other     Total  
Net sales   $ 2,904     $ 2,032     $ -     $ 4,936  
Income (loss) from operations     1,309       (247 )     (835 )     227  
Depreciation and amortization     -       -       31       31  
Net income (loss) from continuing operations     1,309       (247 )     (992 )     70  
                                 
Capital expenditures     -       -       -       -