SEGMENT REPORTING - Note 10

6 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

SEGMENT REPORTING - Note 10

10. SEGMENT REPORTING

ASC 280, Segment Reporting, establishes annual and interim reporting standards for an enterprise's business segments and related disclosures about its products, services, geographic areas and major customers. Under ASC 280, the method for determining what information to report is based upon the way management organizes the operating segments within the Company for making operating decisions and assessing financial performance.

The Company manages its operations primarily on a geographic basis. The Chief Executive Officer, the Chief Financial Officer, and the Chief Technology Officer, evaluate performance of the Company and make decisions regarding allocation of resources based on geographic results.   The Company's reportable operating segments are the Americas and Europe. The Americas segment is primarily North America. The Europe segment is primarily the United Kingdom. Each operating segment provides similar products and services.

The Company's CODMs evaluate the performance of its operating segments based on revenues and net income. Revenues are attributed to each segment based on the ordering location of the customer or ship to location. The Company does not allocate research and development, sales and marketing, general and administrative, amortization expense, stock-based compensation expense, and commitment and contingencies for each segment as management does not consider this information in its evaluation of the performance of each operating segment. The Company did not allocate goodwill for each segment as the Company had not completed its analysis of assigning goodwill to its reporting units as of October 27, 2015.

The Company's revenue distribution by geographic region (based upon the destination of shipments and the customer's service address) was as follows:

	Three Months Ended		Six Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Americas (principally US)	86%	92%	87%	92%
Europe	14%	7%	11%	7%
Asia Pacific	0%	1%	2%	1%
	100%	100%	100%	100%

Geographic area data is based upon the location of the property and equipment and is as follows (in thousands):

		September 30,		March 31,
		2015		2015
Americas (principally US)	$	8,237	$	8,348
Europe		2,634		1,411
Asia-Pacific		439		489
Total	$	11,310	$	10,248

The following table provides financial information by operating segment (in thousands):

		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2015		2014		2015		2014
Americas (principally US):
Net Revenue	$	44,086	$	36,770	$	87,674	$	71,898
Net Income	$	15	$	2,200	$	266	$	3,002
Europe:
Net Revenue	$	6,856	$	2,828	$	11,160	$	5,613
Net Loss	$	(1,907)	$	(909)	$	(2,630)	$	(1,703)