Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v2.4.0.8
SEGMENT REPORTING
 6 Months Ended
Oct. 31, 2013
Segment Reporting  
SEGMENT REPORTING
NOTE 10 - SEGMENT REPORTING
 
The Company's reportable segments are determined and reviewed by management based upon the nature of the services, the external customers and customer industries and the sales and distribution methods used to market the products. The Company organizes its reportable segments to correspond with its primary service lines: wireless communications, specialty construction and electrical power. Management evaluates performance based upon income (loss) before income taxes. Corporate includes corporate salaries and external professional fees, such as accounting, legal and investor relations costs which are not allocated to the other segments. Corporate assets primarily include cash and cash equivalents and prepaid expenses.
 
As part of the divestiture transactions more fully described in Note 11, “Discontinued Operations”, the Company reclassified the reporting units within its reportable segments. As a result, wireless communications includes the Suisun City Operations, specialty construction includes the China Operations, and electrical power includes the Trenton, Seattle and Portland Operations, for each of the periods presented. The segment information presented below contains the operating results for the continuing operations only. The Lakewood, Hartford and Australia Operations are reported as discontinued operations, and were previously reported in the wireless communications segment. Segment results for the three and six months ended October 31, 2013 and 2012 are as follows:
 
 
 
For the Three Months Ended October 31, 2013
 
For the Three Months Ended October 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
Wireless
Communications
 
Specialty
Construction
 
Electrical
Power
 
Total
 
Corporate
 
Wireless
Communications
 
Specialty
Construction
 
Electrical
Power
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
-
 
$
3,043,860
 
$
1,160,780
 
$
3,151,104
 
$
7,355,744
 
$
-
 
$
2,664,858
 
$
822,840
 
$
4,470,545
 
$
7,958,243
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
2,093
 
$
25,515
 
$
158,397
 
$
28,890
 
$
214,895
 
$
8,634
 
$
34,132
 
$
173,237
 
$
52,176
 
$
268,179
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes from continuing operations
 
$
(623,318)
 
$
40,370
 
$
(51,638)
 
$
146,127
 
$
(488,459)
 
$
(930,257)
 
$
213,928
 
$
92,799
 
$
918,531
 
$
295,001
 
 
 
 
As of and for the Six Months Ended October 31, 2013
 
As of and for the Six Months Ended October 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
Wireless
Communications
 
Specialty
Construction
 
Electrical
Power
 
Total
 
Corporate
 
Wireless
Communications
 
Specialty
Construction
 
Electrical
Power
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
-
 
$
6,098,599
 
$
2,033,505
 
$
7,055,023
 
$
15,187,127
 
$
-
 
$
5,123,269
 
$
1,853,639
 
$
12,269,352
 
$
19,246,260
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
6,167
 
$
51,150
 
$
321,479
 
$
79,156
 
$
457,952
 
$
19,627
 
$
71,328
 
$
347,928
 
$
133,403
 
$
572,286
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes from continuing operations
 
$
(7,073,254)
 
$
130,562
 
$
26,873
 
$
611,214
 
$
(6,304,605)
 
$
(1,695,088)
 
$
443,112
 
$
111,629
 
$
1,248,814
 
$
108,467
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
2,684,408
 
$
3,453,483
 
$
7,493,274
 
$
4,784,665
 
$
18,415,830
 
$
5,780,017
 
$
2,416,097
 
$
7,854,338
 
$
5,428,797
 
$
21,479,249
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions of property and equipment
 
$
-
 
$
27,627
 
$
20,353
 
$
71,802
 
$
119,782
 
$
52,515
 
$
35,162
 
$
152,721
 
$
100,058
 
$
340,456
 
 
As of and for the six months ended October 31, 2013 and 2012, the specialty construction segment includes approximately $2,034,000 and $1,854,000, respectively, in revenue and $111,000 and $841,000, respectively, of net assets held in China related to the Company’s 60% interest in the China Operations.