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BUSINESS SEGMENTS
 6 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
BUSINESS SEGMENTS (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

In fiscal 2013, the Company operated in five segments: the testing service industry (which performs structural and electronic tests of semiconductor devices), the designing and manufacturing of equipment (which equipment tests the structural integrity of integrated circuits and other products), distribution of various products from other manufacturers in Singapore and Southeast Asia, the real estate segment in China and the fabrication services segment in Batam, Indonesia. In the fourth quarter of fiscal 2013, the Company discontinued operations in the fabrication segment. Hence, in fiscal 2014 and 2015, the Company operated in four segments.

 

The real estate segment recorded other income of $16 and $68, respectively, for the three and six months ended December 31, 2014 as compared to $51 and $102, respectively, for the same periods in the last fiscal year. Due to the short-term nature of the investments, the investments were classified as loan receivables based on ASC Topic 310-10-25 Receivables. Thus the investment income was classified under other income, which is not part of the below table.

 

The revenue allocated to individual countries was based on where the customers were located. The allocation of the cost of equipment, the current year investment in new equipment and depreciation expense have been made on the basis of the primary purpose for which the equipment was acquired.

 

All inter-segment revenue was from the manufacturing segment to the testing and distribution segments. Total inter-segment revenue was $97 and $142 for the three and six months ended December 31, 2014, respectively, as compared to $48 and $196, respectively, for the same periods in the last fiscal year.  Corporate assets mainly consisted of cash and prepaid expenses. Corporate expenses mainly consisted of stock option expenses, salaries, insurance, professional expenses and directors' fees. Corporate expenses are allocated to the four segments. The following segment information table includes segment operating (loss) / income after including the Corporate expenses allocated to the segments, which gets eliminated in the consolidation.

 

The following segment information is un-audited for the six months ended December 31:

 

Business Segment Information:                          
  Six months         Operating           Depr.        
  Ended   Net     (Loss)     Total     and     Capital  
  Dec. 31,   Revenue     Income     Assets     Amort.     Expenditures  
Manufacturing 2014   $ 6,395     $ (735 )   $ 13,460     $ 70     $ 23  
  2013   $ 8,569     $ (328 )     10,872     $ 77     $ 221  
                                           
Testing Services 2014     9,691       1,274       14,896       1,065       870  
  2013     8,645       391       19,331       1,067       1,500  
                                           
Distribution 2014     817       -       678       -       6  
  2013     1,532       199       418       -       -  
                                           
Real Estate 2014     87       (91 )     3,686       54       -  
  2013     90       (45 )     3,893       54       -  
                                           
Fabrication * 2014     -       -       33       -       -  
Services 2013     -       -       106       -       -  
                                           
Corporate & 2014     -       (134 )     117       -       -  
Unallocated 2013     -       (336 )     76       -       -  
                                           
Total Company 2014   $ 16,990     $ 314     $ 32,870     $ 1,189     $ 899  
  2013   $ 18,836     $ (119 )   $ 34,696     $ 1,198     $ 1,721  

 

The following segment information is un-audited for the three months ended December 31:

 

Business Segment Information:                          
  Three months         Operating           Depr.        
  Ended   Net     (Loss)     Total     and     Capital  
  Dec. 31,   Revenue     Income     Assets     Amort.     Expenditures  
Manufacturing 2014   $ 3,348     $ (117 )   $ 13,460     $ 43     $ 6  
  2013   $ 4,368     $ (201 )   $ 10,872     $ 38     $ 91  
                                           
Testing Services 2014     5,073       687       14,896       496       426  
  2013     4,597       289       19,331       531       1,146  
                                           
Distribution 2014     432       36       678       -       -  
  2013     328       7       418       -       -  
                                           
Real Estate 2014     44       (44 )     3,686       27       -  
  2013     46       (22 )     3,893       27       -  
                                           
Fabrication * 2014     -       -       33       -       -  
Services 2013     -       -       106       -       -  
                                           
Corporate & 2014     -       (126 )     117       -       -  
Unallocated 2013     -       (179 )     76       -       -  
                                           
Total Company 2014   $ 8,897     $ 437     $ 32,870     $ 566     $ 432  
  2013   $ 9,339     $ (106 )    $ 34,696     $ 596     $ 1,237  

 

 * Fabrication services is a discontinued operation (Note 16).