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Business Segments (Tables)
6 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule of Operating Results and Assets of Segments

The operating results for the two business segments are as follows (in thousands):

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind

$

13,583

 

 

$

7,462

 

 

$

31,747

 

 

$

15,113

 

Grid

 

5,421

 

 

 

4,993

 

 

 

10,980

 

 

 

9,038

 

Total

$

19,004

 

 

$

12,455

 

 

$

42,727

 

 

$

24,151

 

 

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Operating loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind

$

(1,991

)

 

$

(14,611

)

 

$

(1,864

)

 

$

(18,091

)

Grid

 

(4,113

)

 

 

(6,559

)

 

 

(10,621

)

 

 

(12,966

)

Unallocated corporate expenses

 

(737

)

 

 

(5,230

)

 

 

(2,613

)

 

 

(8,010

)

Total

$

(6,841

)

 

$

(26,400

)

 

$

(15,098

)

 

$

(39,067

)

 

Total assets for the two business segments as of September 30, 2015 and March 31, 2015 are as follows (in thousands):

 

 

September 30,

 

 

March 31,

 

 

2015

 

 

2015

 

Wind

$

34,391

 

 

$

41,947

 

Grid

 

38,821

 

 

 

42,482

 

Corporate assets

 

61,048

 

 

 

49,396

 

Total

$

134,260

 

 

$

133,825

 

 

Schedule of Revenues by Major Customers

The following table sets forth customers who represented 10% or more of the Company’s total revenues for the three and six months ended September 30, 2015 and 2014:

 

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

INOX Wind Limited

 

66

%

 

 

48

%

 

 

55

%

 

 

48

%

RES American Construction, Inc.

%

 

 

16

%

 

%

 

<10

%

Beijing JINGCHENG New Energy Co., Ltd

<10

%

 

%

 

 

15

%

 

<10

%