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Note 8 - Segment Information
6 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

8.

Segment Information


The Company operates in three business segments. The overnight air cargo segment, comprised of the Company’s 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 the Company’s Global Ground Support, LLC (“GGS”) subsidiary, manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the U.S. military and industrial customers. The ground support services segment, comprised of the Company’s 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 that offer different products and services. The Company evaluates the performance of its operating segments based on operating income.


Segment data is summarized as follows:


     

Three Months Ended September 30,

   

Six Months Ended September 30,

 
     

2014

   

2013

   

2014

   

2013

 

Operating Revenues:

                               
 

Overnight Air Cargo

  $ 11,971,392     $ 12,121,175     $ 23,652,334     $ 24,529,364  
 

Ground Equipment Sales:

                               
 

Domestic

    10,159,358       7,373,315       14,633,297       12,374,186  
 

International

    7,791,823       534,018       8,629,817       769,710  
 

Total Ground Equipment Sales

    17,951,181       7,907,333       23,263,114       13,143,896  
 

Ground Support Services

    4,702,153       4,161,584       9,487,815       7,796,886  
 

Total

  $ 34,624,726     $ 24,190,092     $ 56,403,263     $ 45,470,146  
                                   

Operating Income (Loss):

                               
 

Overnight Air Cargo

  $ 277,629     $ 564,969     $ 822,916     $ 1,237,216  
 

Ground Equipment Sales

    2,924,102       452,702       2,743,904       458,913  
 

Ground Support Services

    90,699       307,448       312,113       557,615  
 

Corporate

    (695,808 )     (572,627 )     (1,183,487 )     (1,280,794 )
 

Total

  $ 2,596,622     $ 752,492     $ 2,695,446     $ 972,950  
                                   

Capital Expenditures:

                               
 

Overnight Air Cargo

  $ 49,759     $ 12,236     $ 88,339     $ 12,236  
 

Ground Equipment Sales

    1,197,817       2,025       1,349,548       18,104  
 

Ground Support Services

    30,631       24,416       115,336       101,820  
 

Corporate

    -       6,183       -       12,115  
 

Total

  $ 1,278,207     $ 44,860     $ 1,553,223     $ 144,275  
                                   

Depreciation and Amortization:

                               
 

Overnight Air Cargo

  $ 40,868     $ 42,444     $ 79,041     $ 84,832  
 

Ground Equipment Sales

    132,009       91,594       258,182       147,534  
 

Ground Support Services

    42,068       33,856       85,896       66,294  
 

Corporate

    7,687       13,459       16,053       26,994  
 

Total

  $ 222,632     $ 181,353     $ 439,172     $ 325,654