XML 52 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 16 - Segment Information
12 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

16.           SEGMENT INFORMATION


The Company operates in three business segments. The overnight air cargo segment, comprised of its Mountain Air Cargo, Inc. (“MAC”) and CSA Air, Inc. (“CSA”) subsidiaries, operates in the air express delivery services industry. The ground equipment sales segment, comprised of its Global Ground Support, LLC (“GGS”) subsidiary, manufactures and provides mobile deicers and other specialized equipment to airlines, airports, the military and industrial customers. The ground support services segment, comprised of its Global Aviation Services, LLC (“GAS”) subsidiary, provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. Each business segment has separate management teams and infrastructures. The Company evaluates the performance of its operating segments based on operating income. Segment data is summarized as follows:  


   

Year Ended March 31,

 
   

2014

   

2013

 

Operating Revenues:

               

Overnight Air Cargo

  $ 52,341,439     $ 49,850,693  

Ground Equipment Sales:

               

Domestic

    25,928,216       32,515,374  

International

    5,581,976       7,778,719  

Total Ground Equipment Sales

    31,510,192       40,294,093  

Ground Support Services

    16,920,414       12,919,453  

Total

  $ 100,772,045     $ 103,064,239  
                 

Operating Income (Loss):

               

Overnight Air Cargo

  $ 2,158,525     $ 3,107,818  

Ground Equipment Sales

    2,397,357       888,506  

Ground Support Services

    1,085,103       871,287  

Corporate

    (3,008,445 )     (2,139,583 )

Total

  $ 2,632,540     $ 2,728,028  
                 

Capital Expenditures:

               

Overnight Air Cargo

  $ 119,559     $ 147,205  

Ground Equipment Sales

    841,903       139,075  

Ground Support Services

    289,598       38,982  

Corporate

    32,108       49,783  

Total

  $ 1,283,168     $ 375,045  
                 

Depreciation and Amortization:

               

Overnight Air Cargo

  $ 166,796     $ 156,589  

Ground Equipment Sales

    400,879       188,143  

Ground Support Services

    134,663       132,239  

Corporate

    50,074       55,799  

Total

  $ 752,412     $ 532,770