• Filing Date: 2012-09-13
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.6
Segmented Information
3 Months Ended
Jul. 31, 2012
Segmented Information [Text Block]
Note 6 Segmented Information
   
 

The Company’s chief operating decision maker reviews financial information presented on a consolidated basis, accompanied by desegregated information about revenues by geographic region for purposes of making operating decisions and assessing financial performance. Accordingly, the Company has concluded that it has one reportable operating segment.

 

 

 

Foreign revenues are based on the country in which the customer is located. The following is a summary of total revenues by geographic area for the three months ended July 31, 2012 and 2011:


      Three Months Ended  
      July 31,  
      2012     2011  
  North America $   2,920,517   $   1,603,753  
  Europe   691,113     847,033  
  Asia and Africa   556,687     219,198  
  Latin America   219,451     88,750  
    $   4,387,768   $   2,758,734  

Contained within the results of North America for the three months ended July 31, 2012 are revenues from the United States of $1,935,087 (2011 - $951,087) and from Canada of $985,430 (2011 - $652,666).

Contained within the results of Europe for the three months ended July 31, 2012 are revenues from Norway of $179,382 (2011 - $4,995), from Germany of $130,412 (2011 - $102,566), from the United Kingdom of $123,146 (2011 - $379,940), from Slovakia of $35,099 (2011 - $1,242), and from Spain of $33,398 (2011 - $25,083).

Contained within the results of Asia and Africa for the three months ended July 31, 2012 are revenues from Japan of $355,881 (2011 - $15,342), from China of $77,258 (2011 - $20,974), from Russian Federation of $55,731 (2011 - $17,175), from Australia of $20,301 (2011 - $22,270), and from South Africa of $17,535 (2011 - $72,974).

Contained within the results of Latin America for the three months ended July 31, 2012 are revenues from Brazil of $144,950 (2011 - $32,813), from Mexico of $20,568 (2011 - $14,115), from Dominican Republic of $14,160 (2011 - $nil), from Uruguay of $11,370 (2011 - $nil), and from Colombia of $10,701 (2011 - $19,192).

 

 

All of the Company’s long-lived assets, which include equipment, intangible assets, goodwill and other assets, are located in Canada and the United States as follows:


      As at     
      July 31, 2012     April 30, 2012  
  Canada $   8,926,627   $ 9,830,664  
  United States   19,258     18,891  
    $   8,945,885   $ 9,849,555  

Revenue from significant customers for the three months ended July 31, 2012 and 2011 is summarized as follows:

      Three Months Ended  
      July 31,  
      2012     2011  
  Customer A   15%     -%  
  Customer B   10%     15%  
      25%     15%  

  Accounts receivable balances for Customer A were $770,828 as at July 31, 2012 (April 30, 2012 - $32,703).
  Accounts receivable balances for Customer B were $720,471 as at July 31, 2012 (April 30, 2012 - $79,100).