Note 9 - Segment and Related Information

6 Months Ended

Mar. 31, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

9.

Segment and Related Information

The Company's four business units have a common management team and infrastructure that offer different products and services. The business units have been aggregated into two reportable segments: 1.) indicators and gauges and 2.) automotive related diagnostic tools and equipment.

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, military 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 OEM's 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:

	Three Months Ended March 31,						Six Months Ended March 31,
	2015			2014			2015			2014
Net Sales
Indicators and Gauges	$	355,267		$	346,196		$	600,936		$	750,601
Automotive Diagnostic Tools and Equipment		735,915			770,271			1,652,464			1,416,108
	$	1,091,182		$	1,116,467		$	2,253,400		$	2,166,709
Income (Loss) before provision for Income Taxes
Indicators and Gauges	$	62,103		$	23,770		$	64,596		$	89,404
Automotive Diagnostic Tools and Equipment		(91,159	)		(14,140	)		(122,547	)		(101,210	)
General Corporate Expenses		(247,607	)		(307,285	)		(489,368	)		(606,136	)
	$	(276,663	)	$	(297,655	)	$	(547,319	)	$	(617,942	)
Asset Information
Indicators and Gauges							$	794,095		$	848,878
Automotive Diagnostic Tools and Equipment								1,575,734			1,622,450
Corporate								730,465			592,871
							$	3,100,294		$	3,064,199
Geographical Information
Included in the consolidated financial statements are the following amounts related to geographical locations:
Revenue:
United States	$	1,068,123		$	1,094,458		$	2,195,582		$	2,098,606
Australia		3,675			-			11,800			24,138
Canada		15,896			10,222			35,554			21,714
Mexico		3,488			7,848			10,464			18,312
Other foreign countries		-			3,939			-			3,939
	$	1,091,182		$	1,116,467		$	2,253,400		$	2,166,709

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