Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: SEGMENT INFORMATION (Tables)

v2.4.0.8
NOTE 4: SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] The following is information about reported segment revenues, income (losses), and total assets for the three months ended March 31, 2014 and 2013:

   
Training and
Simulation
Division
   
Battery and
Power Systems
Division
   
Corporate
Expenses
   
Discontinued
   
Total
Company
 
Three months ended March 31, 2014
                             
Revenues from outside customers                                                               
  $ 15,681,838     $ 6,700,962     $     $     $ 22,382,800  
Depreciation, amortization and impairment expenses(1)
    (179,242 )     (192,194 )     (6,437 )           (377,873 )
Direct expenses(2) 
    (12,683,837 )     (5,835,304 )     (2,154,257 )           (20,673,398 )
Segment net income (loss)
  $ 2,818,759     $ 673,464     $ (2,160,694 )   $     $ 1,331,529  
Financial expense
    (7,412 )     (61,720 )     (49,869 )           (119,001 )
Income tax expense
    (35,011 )     (13,800 )     (149,625 )           (198,436 )
Net income (loss)
  $ 2,776,336     $ 597,944     $ (2,360,188 )   $     $ 1,014,092  
Segment assets(3) 
  $ 55,407,589     $ 25,665,035     $ 357,338     $     $ 81,429,962  
Additions to long-lived assets
  $ 295,101     $ 66,000     $ 1,607     $     $ 362,708  
Three months ended March 31, 2013
                                       
Revenues from outside customers                                                               
  $ 15,679,191     $ 6,373,940     $     $     $ 22,053,131  
Depreciation, amortization and impairment expenses(1)
    (243,994 )     (319,742 )     (7,520 )           (571,256 )
Direct expenses(2) 
    (13,426,464 )     (6,097,049 )     (1,115,661 )           (20,639,174 )
Segment net income (loss)
  $ 2,008,733     $ (42,851 )   $ (1,123,181 )   $     $ 842,701  
Financial expense
    (6,939 )     (61,440 )     (120,758 )           (189,137 )
Income tax expense
    (25,152 )           (149,625 )           (174,777 )
Net income (loss) continuing operations
  $ 1,976,642     $ (104,291 )   $ (1,393,564 )   $     $ 478,787  
Net income discontinued operations
                      (74,743 )     (74,743 )
Net income (loss)
  $ 1,976,642     $ (104,291 )   $ (1,393,564 )   $ (74,743 )   $ 404,044  
Segment assets(3) 
  $ 53,321,818     $ 27,685,266     $ 547,909     $ 122,310     $ 81,677,303  
Additions to long-lived assets
  $ 31,604     $ 873,024     $     $     $ 904,628