Note 9 - Segment and Related Information

9 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

9.

Segment and Related Information

The Company's three 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 June 30,						Nine Months Ended June 30,
	2015			2014			2015			2014
Net Revenue
Indicators and Gauges	$	332,771		$	460,749		$	933,707		$	1,211,350
Automotive Diagnostic Tools and Equipment		1,471,843			1,669,663			3,124,307			3,085,771
	$	1,804,614		$	2,130,412		$	4,058,014		$	4,297,121
Income (Loss) before provision for Income Taxes
Indicators and Gauges	$	54,783		$	138,030		$	119,379		$	227,434
Automotive Diagnostic Tools and Equipment		294,830			531,969			172,283			430,759
General Corporate Expenses		(239,982	)		(283,088	)		(729,350	)		(889,224	)
	$	109,631		$	386,911		$	(437,688	)	$	(231,031	)
Asset Information
Indicators and Gauges							$	721,504		$	800,751
Automotive Diagnostic Tools and Equipment								1,705,065			2,836,401
Corporate								829,397			567,551
							$	3,255,966		$	4,204,703

Geographical Information

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

Revenue:
United States	$	1,739,642	$	2,103,243	$	3,935,224	$	4,201,849
Australia		1,602		5,996		13,402		30,134
Canada		21,487		14,197		57,041		35,911
Mexico		7,283		6,976		17,747		25,288
China		29,657		-		29,657		-
Other foreign countries		4,943		-		4,943		3,939
	$	1,804,614	$	2,130,412	$	4,058,014	$	4,297,121

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