Note 11 - Segment And Related Information

12 Months Ended

Sep. 30, 2011

Segment Reporting Disclosure [Text Block]

11. SEGMENT AND RELATED INFORMATION

The Company's four business units have a common management team and infrastructure. The indicators and gauges unit has different technologies and customers than the other business units. Therefore, the business units have been aggregated into two reportable segments: 1.) indicators and gauges and 2.) automotive related diagnostic tools and equipment. The Company's management evaluates segment performance based primarily on operating earnings before taxes. Non-operating items such as interest income and interest expense are included in general corporate expenses. Depreciation expense on assets used in manufacturing are considered part of each segment's operating performance. Depreciation expense on non-manufacturing assets are included in general corporate expenses.

Indicators and Gauges

This segment consists of products manufactured and sold primarily to companies in the aircraft and locomotive industry. Within the aircraft market, the primary customers are those companies that manufacture or service business and pleasure aircraft. Within the locomotive market, indicators and gauges are sold to both original equipment manufacturers and to operators of railroad equipment.

Automotive Diagnostic Tools and Equipment

This segment consists primarily of products designed and manufactured to support the testing or servicing of automotive systems using electronic means to measure vehicle parameters. These products are sold to OEMs and to the aftermarket using several brand names and a variety of distribution methods. Included in this segment are products used for state required testing of vehicle emissions.

Information by industry segment is set forth below:

Years Ended September 30,	2011			2010			2009
Net Sales
Indicators and Gauges	$	1,253,975		$	1,357,114		$	1,538,908
Automotive Diagnostic Tools and Equipment		3,814,638			3,901,898			4,523,868
	$	5,068,613		$	5,259,012		$	6,062,776
Income (Loss) Before Provision for Income Taxes
Indicators and Gauges	$	94,178		$	34,647		$	(119,544	)
Automotive Diagnostic Tools and Equipment		229,355			188,037			(500,440	)
General Corporate Expenses		(996,068	)		(1,172,180	)		(1,209,069	)
	$	(672,535	)	$	(949,496	)	$	(1,829,053	)

Asset Information :

Years Ended September 30,	2011		2010
Identifiable Assets
Indicators and Gauges	$	701,543	$	604,267
Automotive Diagnostic Tools and Equipment		1,980,789		1,860,974
Corporate		758,268		1,344,140
	$	3,440,600	$	3,809,381

Geographical Information :

Included in the consolidated financial statements are the following amounts related to geographic locations:

Years Ended September 30,	2011		2010		2009
Revenue:
United States of America	$	4,854,871	$	5,168,432	$	5,873,939
Australia		26,945		44,377		20,776
Canada		119,667		35,228		113,558
England		28,924		-		23,501
Germany		-		4,718		16,067
Mexico		23,520		1,681		2,290
Other foreign countries		14,686		4,576		12,645
	$	5,068,613	$	5,259,012	$	6,062,776

All export sales to Australia, Canada, England, Germany, Mexico and other foreign countries are made in United States of America Dollars.