California
|
95-3276269
|
(State or other jurisdiction of
incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
2310 Cousteau Court
Vista, California
(Address of principal executive offices)
|
92081-8346
(Zip Code)
|
Large accelerated filer
|
o
|
Accelerated filer
|
o
|
|
Non-accelerated filer
|
o
|
Smaller reporting company
|
ý
|
PART I
|
FINANCIAL INFORMATION
|
PAGE
|
|||
Item 1.
|
3-11
|
||||
Item 2.
|
|
12-17
|
|||
Item 3.
|
18
|
||||
Item 4.
|
18
|
||||
PART II
|
OTHER INFORMATION
|
||||
Item 1.
|
18
|
||||
Item 1A.
|
18
|
||||
Item 2.
|
18
|
||||
Item 3.
|
18
|
||||
Item 4.
|
18
|
||||
Item 5.
|
18
|
||||
Item 6.
|
19
|
||||
PART I
|
FINANCIAL INFORMATION
|
ITEM 1.
|
FINANCIAL STATEMENTS
|
INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
|
|||||||
(Amounts in thousands)
|
|||||||
January 31,
2013
|
April 30,
2012
|
||||||
ASSETS
|
|||||||
Current assets:
|
|||||||
Cash and cash equivalents
|
$
|
6,550
|
$
|
2,783
|
|||
Certificates of deposit
|
-
|
250
|
|||||
Accounts receivable, net of allowance for doubtful accounts of $75
|
905
|
789
|
|||||
Costs and estimated earnings in excess of billings on uncompleted contracts
|
60
|
726
|
|||||
Deferred cost of revenue
|
3
|
6
|
|||||
Inventories
|
1,570
|
2,659
|
|||||
Other current assets
|
448
|
238
|
|||||
Total current assets
|
9,536
|
7,451
|
|||||
Equipment, furniture and fixtures, net
|
566
|
482
|
|||||
Other noncurrent assets
|
54
|
49
|
|||||
Total assets
|
$
|
10,156
|
$
|
7,982
|
|||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|||||||
Current liabilities:
|
|||||||
Accounts payable
|
$
|
225
|
$
|
1,070
|
|||
Accrued payroll and related taxes
|
482
|
388
|
|||||
Warranty reserves
|
107
|
169
|
|||||
Payable to Parent
|
252
|
252
|
|||||
Other current liabilities
|
42
|
63
|
|||||
Deferred revenues
|
2,408
|
687
|
|||||
Total current liabilities
|
3,516
|
2,629
|
|||||
Long-term liabilities
|
-
|
12
|
|||||
Total liabilities
|
3,516
|
2,641
|
|||||
Commitments and contingencies
|
|||||||
Shareholders’ equity:
|
|||||||
Preferred shares, no par value; 20,000 shares authorized; no shares issued or outstanding
|
-
|
-
|
|||||
Common shares, no par value; 50,000 shares authorized; 12,963 shares issued and outstanding
|
56,370
|
56,370
|
|||||
Accumulated deficit
|
(49,730
|
)
|
(51,029
|
)
|
|||
Total shareholders' equity
|
6,640
|
5,341
|
|||||
Total liabilities and shareholders' equity
|
$
|
10,156
|
$
|
7,982
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
January 31,
|
January 31,
|
|||||||||||||||
2013
|
2012
|
2013
|
2012
|
|||||||||||||
Revenues:
|
||||||||||||||||
Sales of products
|
$
|
1,709
|
$
|
4,034
|
$
|
6,769
|
$
|
6,048
|
||||||||
Services
|
297
|
449
|
924
|
988
|
||||||||||||
2,006
|
4,483
|
7,693
|
7,036
|
|||||||||||||
Cost of sales:
|
||||||||||||||||
Cost of product sales
|
1,372
|
2,960
|
4,222
|
4,931
|
||||||||||||
Cost of services
|
146
|
195
|
349
|
350
|
||||||||||||
1,518
|
3,155
|
4,571
|
5,281
|
|||||||||||||
Gross profit
|
488
|
1,328
|
3,122
|
1,755
|
||||||||||||
Research and development expenses
|
-
|
7
|
-
|
31
|
||||||||||||
Selling, general and administrative expenses
|
580
|
596
|
1,803
|
1,895
|
||||||||||||
(Loss) income from operations
|
(92
|
)
|
725
|
1,319
|
(171
|
)
|
||||||||||
Other income (expense):
|
||||||||||||||||
Interest and dividend income
|
-
|
-
|
-
|
2
|
||||||||||||
Other
|
-
|
-
|
-
|
(1
|
)
|
|||||||||||
(Loss) income before provision for income taxes
|
(92
|
)
|
725
|
1,319
|
(170
|
)
|
||||||||||
(Benefit of) provision for income taxes
|
(3
|
)
|
-
|
20
|
-
|
|||||||||||
Net (loss) income
|
$
|
(89
|
)
|
$
|
725
|
$
|
1,299
|
$
|
(170
|
)
|
||||||
Net (loss) income per share:
|
||||||||||||||||
Basic
|
$
|
(0.01
|
)
|
$
|
0.06
|
$
|
0.10
|
$
|
(0.01
|
)
|
||||||
Weighted average shares used in computation of net (loss) income per share:
|
||||||||||||||||
Basic
|
12,963
|
12,963
|
12,963
|
12,963
|
Nine Months Ended
January 31,
|
||||||||
2013
|
2012
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
|
$
|
1,299
|
$
|
(170
|
)
|
|||
Adjustments to reconcile net income (loss) to net cash provided by (used in)
|
||||||||
operating activities:
|
||||||||
Depreciation
|
133
|
102
|
||||||
Warranty reserve expense
|
75
|
131
|
||||||
Changes in operating assets and liabilities:
|
||||||||
Accounts receivable
|
(116
|
)
|
(906
|
)
|
||||
Costs and estimated earnings in excess of billings on uncompleted contracts
|
666
|
(18
|
)
|
|||||
Deferred cost of revenue
|
3
|
110
|
||||||
Inventories
|
1,089
|
(1,803
|
)
|
|||||
Other assets
|
(215
|
)
|
(96
|
)
|
||||
Accounts payable
|
(845
|
)
|
843
|
|||||
Billings in excess of costs and estimated earnings on uncompleted contracts
|
-
|
652
|
||||||
Accrued payroll and related taxes
|
94
|
129
|
||||||
Warranty reserves
|
(137
|
)
|
(16
|
)
|
||||
Payable to Parent
|
-
|
1
|
||||||
Other liabilities
|
(33
|
)
|
(23
|
)
|
||||
Deferred revenues
|
1,721
|
660
|
||||||
Net cash provided by (used in) operating activities
|
3,734
|
(404
|
)
|
|||||
Cash flows from investing activities:
|
||||||||
Purchases of certificates of deposit
|
-
|
(500
|
)
|
|||||
Proceeds from redemption of certificates of deposit
|
250
|
499
|
||||||
Additions to equipment, furniture and fixtures
|
(217
|
)
|
(106
|
)
|
||||
Net cash provided by (used in) investing activities
|
33
|
(107
|
)
|
|||||
Net increase (decrease) in cash and cash equivalents
|
3,767
|
(511
|
)
|
|||||
Cash and cash equivalents at beginning of period
|
2,783
|
3,881
|
||||||
Cash and cash equivalents at end of period
|
$
|
6,550
|
$
|
3,370
|
||||
Supplemental cash flow information:
|
||||||||
Cash paid for income taxes
|
$
|
43
|
$
|
-
|
·
|
High level of security and vote encryption to ensure integrity and voter privacy;
|
||||
·
|
Electronic and paper audit trails that offer added security and redundancy for recounts;
|
||||
·
|
Reduce the cost of ballot printing while offering operational efficiencies;
|
||||
·
|
Minimal training required for poll workers to set-up and operate; and
|
||||
·
|
Minimal voter re-education required.
|
(Amounts in thousands)
|
||||
Balance at May 1, 2012
|
$
|
169
|
||
Additional reserves
|
120
|
|||
Warranty reserve expense adjustments
|
(45
|
)
|
||
Charges incurred
|
(137
|
)
|
||
Balance at January 31, 2013
|
$
|
107
|
As of and for the Three Months Ended
January 31, 2013
|
||||||||||||
Gaming
Business
|
Voting
Business
|
Totals
|
||||||||||
Total revenues
|
$
|
1,724
|
$
|
282
|
$
|
2,006
|
||||||
Income (loss) from operations
|
185
|
(277
|
)
|
(92
|
)
|
|||||||
Depreciation and amortization
|
27
|
19
|
46
|
|||||||||
Segment assets
|
8,214
|
1,942
|
10,156
|
|||||||||
As of and for the Three Months Ended
January 31, 2012
|
||||||||||||
Gaming
Business
|
Voting
Business
|
Totals
|
||||||||||
Total revenues
|
$
|
2,242
|
$
|
2,241
|
$
|
4,483
|
||||||
Income from operations
|
409
|
316
|
725
|
|||||||||
Depreciation and amortization
|
23
|
13
|
36
|
|||||||||
Segment assets
|
6,010
|
1,990
|
8,000
|
As of and for the Nine Months Ended
January 31, 2013
|
||||||||||||
Gaming
Business
|
Voting
Business
|
Totals
|
||||||||||
Total revenues
|
$
|
5,356
|
$
|
2,337
|
$
|
7,693
|
||||||
Income (loss) from operations
|
1,350
|
(31
|
)
|
1,319
|
||||||||
Depreciation and amortization
|
83
|
50
|
133
|
|||||||||
Segment assets
|
8,214
|
1,942
|
10,156
|
|||||||||
As of and for the Nine Months Ended
January 31, 2012
|
||||||||||||
Gaming
Business
|
Voting
Business
|
Totals
|
||||||||||
Total revenues
|
$
|
4,090
|
$
|
2,946
|
$
|
7,036
|
||||||
Income (loss) from operations
|
49
|
(220
|
)
|
(171
|
)
|
|||||||
Depreciation and amortization
|
64
|
38
|
102
|
|||||||||
Segment assets
|
6,010
|
1,990
|
8,000
|
January 31,
|
April 30,
|
|||||||
2013
|
2012
|
|||||||
(Amounts in thousands)
|
||||||||
Raw materials and subassemblies
|
$
|
1,081
|
$
|
1,775
|
||||
Work-in-process
|
3
|
63
|
||||||
Finished goods
|
486
|
821
|
||||||
$
|
1,570
|
$
|
2,659
|
Net equipment, furniture and fixtures consisted of the following:
|
January 31,
|
April 30,
|
||||||
2013
|
2012
|
|||||||
(Amounts in thousands)
|
||||||||
Plant and machinery
|
$
|
757
|
$
|
724
|
||||
Computer equipment
|
1,631
|
1,482
|
||||||
Leasehold improvement
|
201
|
190
|
||||||
Furniture, fixtures and equipment
|
95
|
91
|
||||||
Construction in progress
|
3
|
-
|
||||||
2,687
|
2,487
|
|||||||
Accumulated depreciation and amortization
|
(2,121
|
)
|
(2,005
|
)
|
||||
Net equipment, furniture and fixtures
|
$
|
566
|
$
|
482
|
Three Months Ended
January 31,
|
Nine Months Ended
January 31,
|
|||||||
2013
|
2012
|
2013
|
2012
|
|||||
Revenue:
|
||||||||
From unrelated customers
|
One customer from the gaming segment accounted for 54% of total revenue
|
One customer from the voting segment accounted for 48% of total revenue
|
One customer from the voting segment accounted for 22% of total revenue and one customer from the gaming segment accounted for 21% of total revenue
|
One customer from the voting segment accounted for 30% of total revenue
|
||||
From related customers
|
One customer from the gaming segment accounted for 30% of total revenue
|
One customer from the gaming segment accounted for 38% of total revenue
|
Two customers from the gaming segment accounted for 47% of total revenue
|
One customer from the gaming segment accounted for 42% of total revenue
|
·
|
There were no related party sales to BLM in the three and nine months ended January 31, 2013 and 2012;
|
||
·
|
There were no accounts receivable balances from BLM as of January 31, 2013 and April 30, 2012;
|
||
·
|
Liabilities to BLM arising from the sale or use of the BLM inventory, recorded as “Payable to Parent,” were $252,000 as of January 31, 2013 and April 30, 2012; and
|
|
|
·
|
There were no inventory balances held for BLM as of January 31, 2013 and April 30, 2012.
|
·
|
Revenues recognized on the sale of lottery products during the three and nine months ended January 31, 2013 totaled approximately $2,000 and $1.1 million, respectively. Revenues of $1.7 million and $3 million were recognized on the sale of lottery products and support services during the three and nine months ended January 31, 2012, respectively;
|
||
·
|
There was no deferred revenue balance as of January 31, 2013. The deferred revenue balance in connection with the lottery product order received in December 2011 mentioned above totaled approximately $264,000 as of April 30, 2012; and
|
||
·
|
The accounts receivable balance from the sale of lottery products totaled $55,000 as of January 31, 2013, compared to $189,000 as of April 30, 2012.
|
|
·
|
Revenues of $609,000 and $2.5 million were recognized on the performance of contract deliverables and support services during the three and nine months ended January 31, 2013, respectively. Revenues of $245,000 and $400,000 were recognized on the performance of contract deliverables and support services during the three and nine months ended January 31, 2012, respectively;
|
||
·
|
Net costs and estimated earnings in excess of billings relating to the abovementioned contract received in December 2011 totaled $60,000 as of January 31, 2013, compared to $726,000 as of April 30, 2012;
|
||
·
|
There were deferred revenues of $9,000 on software support services as of January 31, 2013 and April 30, 2012; and
|
||
·
|
Accounts receivable from STM totaled $14,000 as of January 31, 2013. There was no accounts receivable balance as of April 30, 2012.
|
|
·
|
Revenues of $35,000 and $105,000 were recognized on the sale of support services and licensing during the three and nine months ended January 31, 2013, respectively. Revenues of $36,000 and $119,000 were recognized on the performance of contract deliverables, sale of support services and licensing during the three and nine months ended January 31, 2012, respectively;
|
||
·
|
There was no deferred revenue balance as of January 31, 2013, compared to $4,000 as of April 30, 2012; and
|
||
·
|
There were no accounts receivable balances from Natural Avenue as of January 31, 2013 and April 30, 2012.
|
|
ITEM 2.
|
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|
1.
|
Contract performance extends over long periods of time;
|
|||
2.
|
The software portion involves significant production, modification or customization;
|
|||
3.
|
Reasonably dependable estimates can be made on the progress towards completion, contract revenues and contract costs; and
|
|||
4.
|
Each element is essential to the functionality of the other elements of the contracts.
|
Revenue Analysis
|
Three Months Ended
|
Nine Months Ended
|
||||||||||||||||||||||
(Amounts in thousands)
|
January 31,
|
January 31,
|
||||||||||||||||||||||
Revenues
|
2013
|
2012
|
Change
|
2013
|
2012
|
Change
|
||||||||||||||||||
Products:
|
||||||||||||||||||||||||
Contracts
|
$
|
1,567
|
$
|
3,673
|
$
|
(2,106
|
)
|
$
|
5,924
|
$
|
5,291
|
$
|
633
|
|||||||||||
Spares
|
54
|
314
|
(260
|
)
|
530
|
597
|
(67
|
)
|
||||||||||||||||
Licensing
|
88
|
47
|
41
|
315
|
160
|
155
|
||||||||||||||||||
Total Products
|
1,709
|
4,034
|
(2,325
|
)
|
6,769
|
6,048
|
721
|
|||||||||||||||||
Services:
|
||||||||||||||||||||||||
Software Support
|
195
|
198
|
(3
|
)
|
594
|
581
|
13
|
|||||||||||||||||
Product Servicing and Support
|
102
|
251
|
(149
|
)
|
330
|
407
|
(77
|
)
|
||||||||||||||||
Total Services
|
297
|
449
|
(152
|
)
|
924
|
988
|
(64
|
)
|
||||||||||||||||
$
|
2,006
|
$
|
4,483
|
$
|
(2,477
|
)
|
$
|
7,693
|
$
|
7,036
|
$
|
657
|
Three Months Ended
January 31,
|
Nine Months Ended
January 31,
|
|||||||||||||||||||||||||||||||
(Amounts in thousands)
|
2013
|
2012
|
2013
|
2012
|
||||||||||||||||||||||||||||
Revenues:
|
||||||||||||||||||||||||||||||||
Products
|
$
|
1,709
|
85
|
%
|
$
|
4,034
|
90
|
%
|
$
|
6,769
|
88
|
%
|
$
|
6,048
|
86
|
%
|
||||||||||||||||
Services
|
297
|
15
|
%
|
449
|
10
|
%
|
924
|
12
|
%
|
988
|
14
|
%
|
||||||||||||||||||||
Total revenues
|
$
|
2,006
|
100
|
%
|
$
|
4,483
|
100
|
%
|
$
|
7,693
|
100
|
%
|
$
|
7,036
|
100
|
%
|
||||||||||||||||
Cost of sales:
|
||||||||||||||||||||||||||||||||
Products
|
$
|
1,372
|
68
|
%
|
$
|
2,960
|
66
|
%
|
$
|
4,222
|
55
|
%
|
$
|
4,931
|
70
|
%
|
||||||||||||||||
Services
|
146
|
7
|
%
|
195
|
4
|
%
|
349
|
5
|
%
|
350
|
5
|
%
|
||||||||||||||||||||
Total costs of sales
|
$
|
1,518
|
75
|
%
|
$
|
3,155
|
70
|
%
|
$
|
4,571
|
60
|
%
|
$
|
5,281
|
75
|
%
|
||||||||||||||||
Gross profit:
|
||||||||||||||||||||||||||||||||
Products
|
$
|
337
|
17
|
%
|
$
|
1,074
|
24
|
%
|
$
|
2,547
|
33
|
%
|
$
|
1,117
|
16
|
%
|
||||||||||||||||
Services
|
151
|
8
|
%
|
254
|
6
|
%
|
575
|
7
|
%
|
638
|
9
|
%
|
||||||||||||||||||||
Total gross profit
|
$
|
488
|
25
|
%
|
$
|
1,328
|
30
|
%
|
$
|
3,122
|
40
|
%
|
$
|
1,755
|
25
|
%
|
Nine Months Ended
January 31,
|
||||||||||||
2013
|
2012
|
Increase
|
||||||||||
(Amounts in thousands)
|
||||||||||||
Condensed cash flow comparative:
|
||||||||||||
Operating activities
|
$
|
3,734
|
$
|
(404
|
)
|
$
|
4,138
|
|||||
Investing activities
|
33
|
(107
|
)
|
140
|
||||||||
Net increase (decrease) in cash and cash equivalents
|
$
|
3,767
|
$
|
(511
|
)
|
$
|
4,278
|
ITEM 3.
|
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|
ITEM 4.
|
CONTROLS AND PROCEDURES
|
PART II
|
OTHER INFORMATION
|
|
ITEM 1.
|
LEGAL PROCEEDINGS
|
ITEM 1A.
|
RISK FACTORS
|
ITEM 2.
|
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
|
ITEM 3.
|
DEFAULTS UPON SENIOR SECURITIES
|
ITEM 4.
|
MINE SAFETY DISCLOSURES
|
ITEM 5.
|
OTHER INFORMATION
|
ITEM 6.
|
EXHIBITS
|
Exhibit Number
|
Document Description
|
|
31
|
Certification of the Principal Executive Officer and Principal Financial Officer of the Company pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
32
|
Certification Pursuant to 18 United States Code Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
101.INS
|
XBRL Instance Document
|
|
101.SCH
|
XBRL Taxonomy Extension Schema Document
|
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
Dated: March 13, 2013
|
/s/
|
Jeffrey M. Johnson
|
|
Jeffrey M. Johnson
President (Principal Executive Officer) and Acting Chief Financial Officer (Principal Financial Officer)
|
Dated: March 13, 2013
|
/s/
|
Jeffrey M. Johnson
|
|
Jeffrey M. Johnson
President (Principal Executive Officer) and Acting Chief Financial Officer (Principal Financial Officer)
|
Dated: March 13, 2013
|
/s/
|
Jeffrey M. Johnson
|
|
Jeffrey M. Johnson
President (Principal Executive Officer) and Acting Chief Financial Officer (Principal Financial Officer)
|
Related Party Transactions (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2013
|
Jan. 31, 2012
|
Jan. 31, 2013
|
Jan. 31, 2012
|
Apr. 30, 2012
|
Jan. 31, 2013
PGMC [Member]
Lottery Products [Member]
|
Apr. 30, 2012
PGMC [Member]
Lottery Products [Member]
|
Dec. 20, 2011
PGMC [Member]
Lottery Products [Member]
Order One [Member]
|
Jan. 31, 2013
PGMC [Member]
Lottery Products and Support Services [Member]
|
Jan. 31, 2012
PGMC [Member]
Lottery Products and Support Services [Member]
|
Jan. 31, 2013
PGMC [Member]
Lottery Products and Support Services [Member]
|
Jan. 31, 2012
PGMC [Member]
Lottery Products and Support Services [Member]
|
Jan. 31, 2013
BLM [Member]
|
Jan. 31, 2012
BLM [Member]
|
Jan. 31, 2013
BLM [Member]
|
Jan. 31, 2012
BLM [Member]
|
Apr. 30, 2012
BLM [Member]
|
Jan. 31, 2013
Sports Toto Malaysia Sdn. Bhd. [Member]
|
Apr. 30, 2012
Sports Toto Malaysia Sdn. Bhd. [Member]
|
Dec. 21, 2011
Sports Toto Malaysia Sdn. Bhd. [Member]
|
Jan. 11, 2013
Sports Toto Malaysia Sdn. Bhd. [Member]
Lottery Products [Member]
|
Jan. 31, 2013
Sports Toto Malaysia Sdn. Bhd. [Member]
Contract Deliverables and Sale of Support Services [Member]
|
Jan. 31, 2012
Sports Toto Malaysia Sdn. Bhd. [Member]
Contract Deliverables and Sale of Support Services [Member]
|
Jan. 31, 2013
Sports Toto Malaysia Sdn. Bhd. [Member]
Contract Deliverables and Sale of Support Services [Member]
|
Jan. 31, 2012
Sports Toto Malaysia Sdn. Bhd. [Member]
Contract Deliverables and Sale of Support Services [Member]
|
Jan. 31, 2013
Sports Toto Malaysia Sdn. Bhd. [Member]
Software Support Services [Member]
|
Apr. 30, 2012
Sports Toto Malaysia Sdn. Bhd. [Member]
Software Support Services [Member]
|
Jan. 31, 2013
Natural Avenue Sdn. Bhd. [Member]
|
Apr. 30, 2012
Natural Avenue Sdn. Bhd. [Member]
|
Jan. 31, 2013
Natural Avenue Sdn. Bhd. [Member]
Lottery Product Licensing [Member]
|
Apr. 30, 2012
Natural Avenue Sdn. Bhd. [Member]
Lottery Product Licensing [Member]
|
Jan. 31, 2013
Natural Avenue Sdn. Bhd. [Member]
Support Services and Licensing [Member]
|
Jan. 31, 2012
Natural Avenue Sdn. Bhd. [Member]
Support Services and Licensing [Member]
|
Jan. 31, 2013
Natural Avenue Sdn. Bhd. [Member]
Support Services and Licensing [Member]
|
Jan. 31, 2012
Natural Avenue Sdn. Bhd. [Member]
Support Services and Licensing [Member]
|
Jan. 31, 2013
Sports Toto Computers Sdn. Bhd. [Member]
|
Jan. 31, 2012
Sports Toto Computers Sdn. Bhd. [Member]
|
Jan. 31, 2013
Sports Toto Computers Sdn. Bhd. [Member]
|
Jan. 31, 2012
Sports Toto Computers Sdn. Bhd. [Member]
|
|
Related Party Transaction [Line Items] | |||||||||||||||||||||||||||||||||||||||
Revenue from related party | $ 646,000 | $ 2,000,000 | $ 3,700,000 | $ 3,500,000 | $ 2,000 | $ 1,700,000 | $ 1,100,000 | $ 3,000,000 | $ 0 | $ 0 | $ 0 | $ 0 | $ 609,000 | $ 245,000 | $ 2,500,000 | $ 400,000 | $ 35,000 | $ 36,000 | $ 105,000 | $ 119,000 | |||||||||||||||||||
Sales revenue, related party, percentage (in hundredths) | 32.00% | 44.00% | 48.00% | 50.00% | |||||||||||||||||||||||||||||||||||
Accounts receivable from related parties | 69,000 | 69,000 | 55,000 | 189,000 | 0 | 0 | 0 | 14,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Outstanding voting stock held by Berjaya Lottery Management (H.K.) Ltd. (in hundredths) | 71.30% | 71.30% | |||||||||||||||||||||||||||||||||||||
Payable to parent | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | |||||||||||||||||||||||||||||||||
Inventories | 1,570,000 | 1,570,000 | 2,659,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Deferred revenues | 2,408,000 | 2,408,000 | 687,000 | 0 | 264,000 | 1,100,000 | 4,300,000 | 11,000,000 | 9,000 | 9,000 | 0 | 4,000 | |||||||||||||||||||||||||||
Net cost and estimated earnings in excess of billings | 60,000 | 60,000 | 726,000 | 60,000 | 726,000 | ||||||||||||||||||||||||||||||||||
Services incurred | $ 65,000 | $ 51,000 | $ 145,000 | $ 152,000 |
Description of the Business (Details)
|
9 Months Ended |
---|---|
Jan. 31, 2013
|
|
Description of the Business [Abstract] | |
Lead time of deposit upon contract signing before delivery of hardware begins, maximum | 6 months |
Outstanding voting stock held by Berjaya Lottery Management (H.K.) Ltd. (in hundredths) | 71.30% |
Use of Estimates
|
9 Months Ended |
---|---|
Jan. 31, 2013
|
|
Use of Estimates [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions. Actual results could differ from those estimates. Estimates may affect the reported amounts of assets and liabilities and revenues and expenses, and the disclosure of contingent assets and liabilities. |