Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: SEGMENT INFORMATION (Tables)

v2.4.0.6
NOTE 4: SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2012
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 six and three months ended June 30, 2012 and 2011:

   
Training and
Simulation
Division
   
Battery and
Power Systems
Division
   
Corporate
Expenses
   
Discontinued
   
Total
Company
 
Six months ended June 30, 2012
                             
Revenues from outside customers
  $ 27,400,605     $ 9,080,233     $     $     $ 36,480,838  
Depreciation, amortization and impairment expenses(1)
    (566,370 )     (561,843 )     (26,496 )           (1,154,709 )
Direct expenses(2)
    (25,176,638 )     (8,874,885 )     (2,888,354 )           (36,939,877 )
Segment net income (loss)
  $ 1,657,597     $ (356,495 )   $ (2,914,850 )   $     $ (1,613,748 )
Financial income (expense)
    (20,580 )     (78,156 )     (280,264 )           (379,000 )
Income tax expense
    97,904             299,250             397,154  
Net income (loss) continuing operations
  $ 1,539,113     $ (434,651 )   $ (3,494,364 )   $     $ (2,389,902 )
Net income discontinued operations
                      (1,571,201 )     (1,571,201 )
Net income (loss)
  $ 1,593,113     $ (434,651 )   $ (3,494,364 )   $ (1,571,201 )   $ (3,961,103 )
Segment assets(3) 
  $ 52,396,629     $ 23,269,717     $ 208,262     $ 2,989,645     $ 78,864,253  
Additions to long-lived assets
  $ 312,503     $ 159,521     $     $     $ 472,024  
Six months ended June 30, 2011
                                       
Revenues from outside customers         
  $ 14,710,601     $ 8,321,586     $     $     $ 23,032,187  
Depreciation, amortization and impairment expenses(1)
    (929,685 )     (531,745 )     (29,561 )           (1,490,991 )
Direct expenses(2)
    (12,686,985 )     (8,566,513 )     (2,422,892 )           (23,676,390 )
Segment net income (loss)
  $ 1,093,931     $ (776,672 )   $ (2,452,453 )   $     $ (2,135,194 )
Financial income (expense)
    (473 )     155,062       (164,694 )           (10,105 )
Income tax expense
    56,244             225,002             281,246  
Net income (loss) continuing operations
  $ 1,037,214     $ (621,610 )   $ (2,842,149 )   $     $ (2,426,545 )
Net income (loss) discontinued operations
                      (2,288,039 )     (2,288,039 )
Net income (loss)
  $ 1,037,214     $ (621,610 )   $ (2,842,149 )   $ (2,288,039 )   $ (4,714,584 )
Segment assets(3)
  $ 43,859,729     $ 24,959,595     $ 327,820     $ 13,240,634     $ 82,387,778  
Additions to long-lived assets
  $ 192,761     $ 275,508     $ 3,345     $
98,682
    $
570,296
 
Three months ended June 30, 2012
                                       
Revenues from outside customers
  $ 16,467,067     $ 3,906,063     $     $     $ 20,373,130  
Depreciation, amortization and impairment expenses(1)
    (286,607 )     (282,592 )     (11,132 )           (580,331 )
Direct expenses(2)
    (15,104,097 )     (4,300,458 )     (1,112,802 )           (20,517,357 )
Segment net income (loss)
  $ 1,076,363     $ (676,987 )   $ (1,123,934 )   $     $ (724,558 )
Financial income (expense)
    (7,125 )     (135,826 )     (199,213 )           (342,164 )
Income tax expense
    49,952             149,625             199,577  
Net income (loss) continuing operations
  $ 1,019,286     $ (812,813 )   $ (1,472,772 )   $     $ (1,266,299 )
Net income discontinued operations
                      (1,635,361 )     (1,635,361 )
Net income (loss)
  $ 1,019,286     $ (812,813 )   $ (1,472,772 )   $ (1,635,361 )   $ (2,901,660 )
Three months ended June 30, 2011
                                       
Revenues from outside customers
  $ 6,460,199     $ 4,131,517     $     $     $ 10,591,716  
Depreciation, amortization and impairment expenses(1)
    (466,076 )     (267,868 )     (12,225 )           (746,169 )
Direct expenses(2)
    (5,586,999 )     (4,204,977 )     (1,261,252 )           (11,053,228 )
Segment net income (loss)
  $ 407,124     $ (341,328 )   $ (1,273,477 )   $     $ (1,207,681 )
Financial income (expense)
    (156 )     97,077       (216,192 )           (119,271 )
Income tax expense
    28,122             112,500             140,622  
Net income (loss) continuing operations
  $ 378,846     $ (244,251 )   $ (1,602,169 )   $     $ (1,467,574 )
Net income (loss) discontinued operations
                      (603,865 )     (603,865 )
Net income (loss)
  $ 378,846     $ (244,251 )   $ (1,602,169 )   $ (603,865 )   $ (2,071,439 )