Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: SEGMENT INFORMATION (Tables)

v2.4.0.6
NOTE 4: SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 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 three and nine months ended September 30, 2012 and 2011:

   
Training and
Simulation
Division
   
Battery and
Power Systems
Division
   
Corporate
Expenses
   
Discontinued
   
Total
Company
 
Three months ended September 30, 2012
                             
Revenues from outside customers
  $ 16,442,769     $ 4,992,294     $     $     $ 21,435,063  
Depreciation, amortization and impairment expenses(1)
    (278,206 )     (282,069 )     (11,590 )           (571,865 )
Direct expenses(2) 
    (14,415,654 )     (4,675,749 )     (1,025,316 )           (20,116,719 )
Segment net income (loss)
  $ 1,748,909     $ 34,476     $ (1,036,906 )   $     $ 746,479  
Financial expense
    (8,045 )     (84,012 )     (94,244 )           (186,301 )
Income tax income (expense)
    60,032             (186,969 )           (126,937 )
Net income (loss) continuing operations
  $ 1,800,896     $ (49,536 )   $ (1,318,119 )   $     $ 433,241  
Net income discontinued operations
                      64,848       64,848  
Net income (loss)
  $ 1,800,896     $ (49,536 )   $ (1,318,119 )   $ 64,848     $ 498,089  
Three months ended September 30, 2011
                                       
Revenues from outside customers
  $ 16,682,517     $ 4,455,415     $     $     $ 21,137,932  
Depreciation, amortization and impairment expenses(1)
    (464,374 )     (280,638 )     (14,142 )           (759,154 )
Direct expenses(2) 
    (15,459,953 )     (4,258,413 )     (1,484,375 )           (21,202,741 )
Segment net income (loss)
  $ 758,190     $ (83,636 )   $ (1,498,517 )   $     $ (823,963 )
Financial income (expense)
    (27,504 )     (324,830 )     199,566             (152,768 )
Income tax income (expense)
    137,409             (137,498 )           (89 )
Net income (loss) continuing operations
  $ 868,095     $ (408,466 )   $ (1,436,449 )   $     $ (976,820 )
Net loss discontinued operations
                      (549,022 )     (549,022 )
Net income (loss)
  $ 868,095     $ (408,466 )   $ (1,436,449 )   $ (549,026 )   $ (1,525,842 )
Nine months ended September 30, 2012
                                       
Revenues from outside customers
  $ 43,843,374     $ 14,072,527     $     $     $ 57,915,901  
Depreciation, amortization and impairment expenses(1)
    (844,575 )     (843,912 )     (38,087 )           (1,726,574 )
Direct expenses(2) 
    (39,592,292 )     (13,550,634 )     (3,913,670 )           (57,056,596 )
Segment net income (loss)
  $ 3,406,507     $ (322,019 )   $ (3,951,757 )   $     $ (867,269 )
Financial expense
    (28,626 )     (162,168 )     (374,507 )           (565,301 )
Income tax expense
    (37,872 )           (486,219 )           (524,091 )
Net income (loss) continuing operations
  $ 3,340,009     $ (484,187 )   $ (4,812,483 )   $     $ (1,956,661 )
Net loss discontinued operations
                      (1,506,353 )     (1,506,353 )
Net income (loss)
  $ 3,340,009     $ (484,187 )   $ (4,812,483 )   $ (1,506,353 )   $ (3,463,014 )
Segment assets(3) 
  $ 52,685,833     $ 24,597,352     $ 191,718     $ 1,216,646     $ 78,691,549  
Additions to long-lived assets
  $ 356,681     $ 313,904     $     $     $ 670,585  
Nine months ended September 30, 2011
                                       
Revenues from outside customers
  $ 31,393,117     $ 12,777,002     $     $     $ 44,170,119  
Depreciation, amortization and impairment expenses(1)
    (1,394,059 )     (812,383 )     (43,704 )           (2,250,146 )
Direct expenses(2) 
    (28,146,936 )     (12,824,928 )     (3,907,266 )           (44,879,130 )
Segment net income (loss)
  $ 1,852,122     $ (860,309 )   $ (3,950,970 )   $     $ (2,959,157 )
Financial income (expense)
    (27,976 )     (169,769 )     34,872             (162,873 )
Income tax income (expense)
    81,165             (362,500 )           (281,335 )
Net income (loss) continuing operations
  $ 1,905,311     $ (1,030,078 )   $ (4,278,598 )   $     $ (3,403,365 )
Net loss discontinued operations
                      (2,837,061 )     (2,837,061 )
Net income (loss)
  $ 1,905,311     $ (1,030,078 )   $ (4,278,598 )   $ (2,837,061 )   $ (6,240,426 )
Segment assets(3) 
  $ 46,133,387     $ 24,505,138     $ (881,726 )   $ 12,266,353     $ 82,023,152  
Additions to long-lived assets
  $ 1,786,535     $ 691,243     $ 3,345     $ 121,069     $ 2,602,192