Segment Information

6 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 13 – Segment Information

The Company has four reportable segments aligned with each of the Company’s product lines in accordance with ASC 280, “Segment Reporting.”

The following table provides selected financial information for each reportable segment for the three month and six month periods ended December 31, 2011 and 2010:

					Seismic				Corporate
	Seismic		Underwater		Energy		Underwater		Headquarters
	Energy		Cables &		Source		Robotic		&
	Sources		Connectors		Controllers		Vehicles		Eliminations			Consolidated
Six Months Ended December 31, 2011
Sales to external customers	$	8,807,000	$	6,933,000	$	869,000	$	7,551,000	$	—		$	24,160,000
Intersegment sales		—		98,000		203,000		—		(301,000	)		—
Depreciation and amortization		56,000		131,000		144,000		445,000		9,000			785,000
Income (loss) before income taxes		1,787,000		2,250,000		131,000		1,331,000		(1,648,000	)		3,851,000
Fixed asset additions		554,000		50,000		—		18,000		—			622,000
Three Months Ended December 31, 2011
Sales to external customers	$	3,978,000	$	3,566,000	$	601,000	$	6,443,000	$	—		$	14,588,000
Intersegment sales		—		59,000		94,000		—		(153,000	)		—
Depreciation and amortization		51,000		66,000		72,000		219,000		4,000			412,000
Income (loss) before income taxes		597,000		1,111,000		144,000		1,819,000		(784,000	)		2,887,000
Fixed asset additions		376,000		18,000		—		2,000		—			396,000
Balance Sheet Data at December 31, 2011
Segment assets	$	18,157,000	$	15,405,000	$	5,951,000	$	21,607,000	$	18,996,000		$	80,116,000
Goodwill		—		7,679,000		3,278,000		6,270,000		—			17,227,000
Six Months Ended December 31, 2010
Sales to external customers	$	9,403,000	$	7,576,000	$	1,679,000	$	—	$	—		$	18,658,000
Intersegment sales		—		68,000		213,000		—		(281,000	)		—
Depreciation and amortization		97,000		129,000		143,000		—		9,000			378,000
Income (loss) before income taxes		2,324,000		2,899,000		783,000		—		(1,442,000	)		4,564,000
Fixed asset additions		212,000		36,000		2,000		—		—			250,000
Three Months Ended December 31, 2010
Sales to external customers	$	5,354,000	$	3,787,000	$	983,000	$	—	$	—		$	10,124,000
Intersegment sales		—		44,000		135,000		—		(179,000	)		—
Depreciation and amortization		54,000		64,000		72,000		—		4,000			194,000
Income (loss) before income taxes		1,312,000		1,373,000		414,000		—		(693,000	)		2,406,000
Fixed asset additions		7,000		13,000		2,000		—		—			22,000
Balance Sheet Data at June 30, 2011
Segment assets	$	22,212,000	$	15,395,000	$	6,072,000	$	19,319,000	$	24,742,000		$	87,740,000
Goodwill		—		7,679,000		3,278,000		6,270,000		—			17,227,000

The Company does not allocate income taxes to its segments.