• Filing Date: 2012-12-13
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.6
Segmented Information
6 Months Ended
Oct. 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 and six months ended October 31, 2012 and 2011:

      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  North America $   2,263,483   $   2,347,998   $   5,184,000   $   3,951,751  
  Europe   735,177     765,281     1,426,290     1,612,314  
  Asia and Africa   276,342     178,074     833,029     397,273  
  Latin America   287,785     182,500     507,236     271,249  
    $   3,562,787   $   3,473,853   $   7,950,555   $   6,232,587  

Contained within the results of North America for the three and six months ended October 31, 2012 are revenues from the United States of $1,865,651 and $3,800,737 (2011 - $1,582,089 and $2,533,176) respectively, and from Canada of $397,832 and $1,383,263 (2011 - $765,909 and $1,418,575) respectively.

Contained within the results of Europe for the three and six months ended October 31, 2012 are revenues from the United Kingdom of $182,250 and $305,396 ( 2011 - $456,692 and $836,632) respectively, from France of $216,871 and $233,664 (2011 - $24,260 and $121,099) respectively, from Germany of $58,088 and $188,501 (2011 - $34,620 and $137,186) respectively, from Norway of $35,424 and $214,805 (2011 - $8,240 and $13,234) respectively, and from Belgium of $51,868 and $57,970 (2011 - $11,658 and $15,133) respectively.

Contained within the results of Asia and Africa for the three and six months ended October 31, 2012 are revenues from Japan of $118,249 and $474,129 (2011 - $27,350 and $42,691) respectively, from China of $65,286 and $146,166 (2011 - $nil and $21,890) respectively, from Russian Federation of $24,315 and $80,045 (2011 - $21,561 and $38,735) respectively, from Australia of $24,782 and $45,084 (2011 - $61,474 and $83,744) respectively, and from South Africa of $11,302 and $28,837 (2011 - $15,273 and $88,247) respectively.

Contained within the results of Latin America for the three and six months ended October 31, 2012 are revenues from Brazil of $8,602 and $153,551 (2011 - $49,146 and $81,959) respectively, from Mexico of $99,192 and $119,761 (2011 - $$64,874 and $78,989) respectively, from Chile of $102,031 and $106,172 (2011 - $7,910 and $16,406) respectively, from Colombia of $49,209 and $59,910 (2011 - $9,229 and $28,421) respectively, and from Dominican Republic of $4,230 and $18,389 (2011 - $43,760 and $43,845) respectively.

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  
      October 31, 2012     April 30, 2012  
  Canada $   8,960,709   $   9,117,687  
  United States   159,905     24,569  
    $   9,120,614   $   9,142,256  

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

      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Customer A   10%     4%     8%     2%  
  Customer B   6%     15%     8%     15%  
  Customer C   1%     -%     9%     -%  
      17%     19%     25%     17%  

Accounts receivable balances for Customer A were $837,293 as at October 31, 2012 (April 30, 2012 -$602,227). Accounts receivable balances for Customer B were $566,508 as at October 31, 2012 (April 30, 2012 - $79,100). Accounts receivable balances for Customer C were $nil as at October 31, 2012 (April 30, 2012 - $32,703).