Segment and Customer Information

12 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 13 — Segment and Customer 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 fiscal years ended June 30, 2012, 2011 and 2010.

	Seismic Energy Sources		Underwater Cables & Connectors		Seismic Energy Source Controllers		Underwater Robotic Vehicles			Corporate Headquarters & Eliminations			Consolidated
Fiscal Year Ended June 30, 2012
Sales to external customers	$	19,311,000	$	15,473,000	$	2,482,000	$	15,344,000		$	—		$	52,610,000
Intersegment sales		—		162,000		420,000		—			(582,000	)		—
Depreciation and amortization		157,000		266,000		289,000		897,000			19,000			1,628,000
Adjustment to contingent earnout liability		—		—		—		4,500,000			—			4,500,000
Income (loss) before income taxes		4,085,000		5,594,000		721,000		(1,883,000	)		(3,640,000	)		4,877,000
Segment assets		19,985,000		15,990,000		6,272,000		21,421,000			19,046,000			82,714,000
Goodwill		—		7,679,000		3,278,000		6,270,000			—			17,227,000
Fixed asset additions		831,000		102,000		7,000		91,000			—			1,031,000
Fiscal Year Ended June 30, 2011
Sales to external customers	$	18,149,000	$	15,391,000	$	2,743,000	$	2,575,000		$	—		$	38,858,000
Intersegment sales		—		137,000		422,000		—			(559,000	)		—
Depreciation and amortization		202,000		258,000		287,000		453,000			19,000			1,219,000
Adjustment to contingent earnout liability		—		—		—		—			—			—
Income (loss) before income taxes		4,335,000		5,899,000		1,006,000		(618,000	)		(2,647,000	)		7,975,000
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
Fixed asset additions		213,000		83,000		12,000		53,000			—			361,000
Fiscal Year Ended June 30, 2010
Sales to external customers	$	14,801,000	$	12,624,000	$	4,060,000	$	—		$	—		$	31,485,000
Intersegment sales		—		673,000		35,000		—			(708,000	)		—
Depreciation and amortization		156,000		246,000		286,000		—			19,000			707,000
Adjustment to contingent earnout liability		—		—		—		—			—			—
Income (loss) before income taxes		3,384,000		4,884,000		1,459,000		—			(2,423,000	)		7,304,000
Segment assets		19,500,000*		13,928,000		6,218,000		—			35,175,000*			74,821,000
Goodwill		—		7,679,000		3,278,000		—			—			10,957,000
Fixed asset additions		166,000		62,000		5,000		—			—			233,000

* Reclassified to conform with fiscal years 2012 and 2011 presentation.

The Company does not allocate interest income and income taxes to segments.

No assets of the Company are held outside of the United States. The following table reports sales by country for the fiscal years ended June 30, 2012, 2011 and 2010. Sales are attributed to each country based on the location of the customer. Total sales to all foreign countries for the fiscal years ended June 30, 2012, 2011 and 2010 were $35,680,000, $30,666,000 and $24,704,000 respectively.

	2012		2011		2010
United States	$	16,930,000	$	8,192,000	$	6,781,000
United Arab Emirates		7,804,000		9,419,000		4,647,000
Norway		6,046,000		5,953,000		7,080,000
France		5,777,000		6,532,000		2,434,000
Peoples Republic of China		2,834,000		1,651,000		4,492,000
United Kingdom		2,615,000		1,165,000		690,000
Canada		2,126,000		243,000		304,000
Singapore		2,089,000		2,293,000		2,903,000
Russia		1,467,000		737,000		713,000
Netherlands		1,122,000		576,000		365,000
Japan		906,000		680,000		851,000
Australia		839,000		409,000		45,000
Poland		219,000		44,000		—
Brazil		164,000		—		—
Other		1,672,000		964,000		180,000
	$	52,610,000	$	38,858,000	$	31,485,000

A relatively small number of marine seismic data acquisition segment customers comprise the Company’s sales. Customers accounting for 10% or more of consolidated sales in fiscal years 2012, 2011 or 2010 are as follows:

	2012			2011			2010
Customer A		17	%		23	%		23	%
Customer B		10 %			18 %			9	%
Customer C		1 %			1 %			11	%