Segment Information

9 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 12 – 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 nine month periods ended March 31, 2014 and 2013:

					Seismic				Corporate
	Seismic		Underwater		Energy		Underwater		Headquarters
	Energy		Cables &		Source		Robotic		&
	Sources		Connectors		Controllers		Vehicles		Eliminations		Consolidated
Nine Months Ended March 31, 2014
Sales to external customers	$	18,947,000	$	13,355,000	$	3,801,000	$	17,565,000	$	—	$	53,668,000
Intersegment sales		926,000		321,000		739,000		—		(1,986,000)		—
Depreciation and amortization		215,000		232,000		56,000		705,000		14,000		1,222,000
Income (loss) before income taxes		5,067,000		5,271,000		1,842,000		3,152,000		(2,862,000)		12,470,000
Fixed asset additions		336,000		647,000		109,000		138,000		—		1,230,000
Three Months Ended March 31, 2014
Sales to external customers	$	4,786,000	$	3,761,000	$	755,000	$	6,414,000	$	—	$	15,716,000
Intersegment sales		199,000		67,000		198,000		—		(464,000)		—
Depreciation and amortization		77,000		81,000		20,000		237,000		4,000		419,000
Income (loss) before income taxes		810,000		1,529,000		270,000		2,022,000		(1,007,000)		3,624,000
Fixed asset additions		220,000		43,000		29,000		85,000		—		377,000
Balance Sheet Data at March 31, 2014
Segment assets	$	18,294,000	$	16,230,000	$	6,110,000	$	23,485,000	$	18,894,000	$	83,013,000
Goodwill		—		7,679,000		3,278,000		6,270,000		—		17,227,000
Other intangible assets		117,000		—		304,000		5,954,000		—		6,375,000
Nine Months Ended March 31, 2013
Sales to external customers	$	17,263,000	$	11,964,000	$	1,845,000	$	8,849,000	$	—	$	39,921,000
Intersegment sales		—		269,000		447,000		—		(716,000)		—
Depreciation and amortization		150,000		220,000		181,000		688,000		14,000		1,253,000
Income (loss) before income taxes		3,918,000		4,538,000		561,000		796,000		(2,711,000)		7,102,000
Fixed asset additions		58,000		391,000		2,000		105,000		—		556,000
Three Months Ended March 31, 2013
Sales to external customers	$	4,687,000	$	3,845,000	$	252,000	$	2,459,000	$	—	$	11,243,000
Intersegment sales		—		111,000		211,000		—		(322,000)		—
Depreciation and amortization		49,000		75,000		42,000		231,000		5,000		402,000
Income (loss) before income taxes		1,371,000		1,478,000		(1,000)		13,000		(884,000)		1,977,000
Fixed asset additions		4,000		28,000		—		70,000		—		102,000
Balance Sheet Data at June 30, 2013
Segment assets	$	23,140,000	$	18,757,000	$	5,716,000	$	22,724,000	$	12,749,000	$	83,086,000
Goodwill		—		7,679,000		3,278,000		6,270,000		—		17,227,000
Other intangible assets		100,000		—		325,000		6,542,000		—		6,967,000

The Company does not allocate income taxes to the segments.